We have to get the economy going again, and it is time to start thinking about how this might safely be done. Sadly, the peak in UK deaths may not be for another week, as the Health Secretary Matt Hancock has warned. Even then, severe restrictions on movement will surely remain in place, and may … Read more
HAMISH MCRAE: Government and Bank can’t kick-start economic recovery by making us spend money that we no longer have or don’t want to part with after the health crisis is over By Hamish Mcrae, Financial Mail On Sunday Published: 22:55 BST, 28 March 2020 | Updated: 22:55 BST, 28 March 2020 At a human level, … Read more
For ten years, we were told there was no magic money tree. But austerity is over. In war, everything is different – and what we are witnessing is a classic case of war financing by the Government. The Chancellor Rishi Sunak is putting no limit on what he spends both to combat the coronavirus pandemic … Read more
Crash! Everything has changed over the past week – or has it? What has happened over the past few days is profoundly troubling, but when you get a shock such as this you have to distinguish between what is really new and different – and what is within our past experience. The global collapse (and … Read more
It is the Budget again on Wednesday, but this time our new Chancellor, Rishi Sunak, has to have two Budgets in one. There has to be an emergency Budget to respond to the economic impact of coronavirus. And there has to be a structural one setting out the Government’s longer-term plans. The key to the … Read more
HAMISH MCRAE: The coronavirus is a tough test for the global economy… but we’re resilient By Hamish Mcrae For The Mail On Sunday Published: 22:16 GMT, 29 February 2020 | Updated: 23:12 GMT, 29 February 2020 Bang. Something had to trigger the next global economic downturn, but we did not know what it would be. … Read more