A post demonstrating weariness with an apparent need to imply large dramas from small shifts in data, sparked by today’s monthly inflation data.
I wrote a piece for Progress magazine that attempts to answer the question – if he were writing today, what would Tony Crosland pick out as the determinants of class in British society? It draws on some great work by the LSE and also an analysis we did on the UK’s wealth distribution recently. Once we understand how society is structured, we can consider the policy implications. Here’s the link.
Some thoughts here on the characteristics of populists and progressives, and what it takes to be both together.
Triumph or disaster? In terms of the UK economy, it could be either depending on who you believe and what newspapers you read. Here’s a round-up of the data so far, as of the second week in September. But of course everything could change in the weeks and months ahead. But if the government manages to set out a clear path and provide some certainty at least as to what is known and what is unknown, that will help everyone. Read more here
When a new baby is born, the country in which the parent was born is recorded. This is different from the immigration statistics, but it provides a strong demographic story nevertheless. Most striking is that over half the babies born in London now have parents who themselves were born outside the UK. Read more here
Here’s a link to an article for Portland, where I am chief economic adviser, on the priorities for financial services companies when they consider how to approach Brexit.
Written just as the markets were opening and the prime minister was resigning, here’s my note for Portland Communications on the Brexit result.
Pleased today to get a letter in the FT that draws on our research around the distribution of wealth, in response to a piece about whether being affluent makes you happy: it does if you include the strong relationship between negative wealth (debts) and misery.