Bring on the overdue dawn of the robots

SUZHOU, CHINA - DECEMBER 10: (CHINA OUT) A robot delivers meals for customers at a restaurant on December 10, 2015 in Suzhou, China. The restaurant has four robots delivering meals, one robot welcoming and over ten robots performing. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
©China Foto Press/Getty

Automation should help everyone be better off, as long as there is a fair distribution of the spoils

James Ferguson cartoon depicting Brexit
©James Ferguson

Risible Brexit case based on dubious data

Erecting unnecessary trade barriers would threaten Britain’s relative prosperity

The Bank of England needs to speak up

Only by producing a leave and remain forecast will the bank show it is taking its mandate seriously

New rules will not curb buy-to-let boom

Only a small minority of landlords are affected by the restrictions for those on higher rates

Brexit City
©FT Montage/Dreamstime

A post-Brexit world cannot be predicted

The Leave campaign casts slurs on the integrity of economists who have little axe to grind

How do Osborne’s sums add up?

Chancellor breaks two out of three budgetary rules

Double your money with pension tax breaks

Welfare for the wealthy has rarely been so generous in the UK — the problem is the tax-free lump sum

James Ferguson illustration
©James Ferguson

Business partners – EU or former empire?

The European single market is best for Britain. Other markets are too far away

©Jonathan McHugh

What has the EU done for the UK?

The long-running debate over the economic benefits of membership remains unresolved

The world of British workers’ pay growth

Economics would not expect such a striking regularity of median salary increase

China turmoil teaches truths about Brexit

Sensible politicians gamble on big economic transitions only if there is little alternative

No reason to worry about household debt

Speculation brought trouble to banks; mortgage books on the other hand were remarkably secure

Transparency would smooth Carney’s path

Despite his efforts on full disclosure, fear of the unknown still dominates at the BoE

The BoE is a dove with clipped wings

Monetary policy is impeded and it is now out of ammunition

A satisfactory report on equal pay

Huge gains have been made over the gender pay gap but there is still much to be done

Why ultra-low interest rates still exist

A rise before the Fed risks attracting huge capital inflows to Britain

Fiscal fuzziness beats spurious precision

If running a surplus is broadly acceptable, the effect on the process of government is not

For every laggard, a growth gazelle

Contrasting themes can be picked out from a fragmented economic picture

Build houses on Britain’s wasted public land

Labour would need to accept some privatisation; the Tories should lose their ownership obsession

Team McDonnell: meet Labour’s economists

Opposition continues game of teaming academics with MPs in bid to change narrative


Chris Giles Chris Giles is the Economics Editor of the Financial Times. Before that he was a leader writer.

He reports on international and UK economics and writes a fortnightly column on the UK economy.

E-mail Chris Giles