China turmoil teaches truths about Brexit

George Osborne
©FT Montage/EPA

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

Suburban semi detached housing in Merseyside in Thornton suburb between NW Liverpool and Formby, Merseyside, England.

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

George Osborne
©Charlie Bibby

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

Shadow chancellor John McDonnell delivers his speech at the Labour party conference in Brighton
©Charlie Bibby

Team McDonnell: meet Labour’s economists

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

Abolish cash and you invite tyranny

Andy Haldane’s call to get rid of the money in our wallets has an unfortunate echo of Maoist China

A very understated British recovery

UK economy is ticking along nicely, if you don’t mind my saying

A refreshingly tough choice for the chancellor

Osborne could be forced to choose higher public spending, lower taxes or a bigger surplus

How to be hard left without being stupid

An economically coherent platform would weaken the property rights that most impede prosperity

Inequality is unjust, not bad for growth

That redistribution boosts economies is not established by the evidence

Osborne has hit on a better pension plan

Taxing retirement savings in the same way as Isas would be simpler and allow greater freedom

Tsipras has earned his punishment

The Greek people are enduring the consequences of their prime minister’s childish misbehaviour

Osborne’s chance to be a real reformer

So far the UK chancellor has a mixed record and has often succumbed to a worrying urge to tinker

Surplus debate that smacks of irrelevance

Britain has form on putting budgetary rules into law, fudging them and then rewriting them

The low-paid need the taxpayer’s pound

Cutting in-work support will encourage families back on to the dole or into informal sectors


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