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Budget Preview: Chancellor Philip Hammond’s Impossible Task To “Square The UK’s Circle”

At lunchtime today, Philip Hammond will give the weakened Conservative government’s first budget in the new parliament. Against a likely backdrop of downgrades for the economy from the OBR, the Chancellor will be under immense pressure to provide a sound plan going forward on many issues. As Statista's Martin Armstrong notes, the NHS has already had its […]

Frontrunning: November 8

A year in: U.S. stock market under Trump’s shadow (Reuters) Democrats’ Wins in Virginia, New Jersey Fan Hopes for Anti-Trump Momentum (WSJ) New York Gives De Blasio a Second Chance, Re-Electing Him as Mayor (BBG) Democrat Wins New Jersey Governor’s Race as Voters Pan Christie, Trump (BBG) Trump Starts China Visit Seeking Progress on Trade […]

Child Poverty In Britain Set To Reach New Record High

"Across all regions, relative child poverty is projected to increase markedly," according to new research from the Institute for Fiscal Studies. The thinktank predicts an increase of more than a million in the number of children living in poverty, more than reversing all the progress made over the past 20 years. As The Guardian reports, […]