The UK has a productivity problem and its Department for Business, Energy and Industrial Strategy is out to solve it. At first glance, its new plan exemplifies the problem — a 255-page tome published on Monday is longer on blue-skies reflection than detailed policy. Still, government needs to be to held to account when it meddles in business, and the ...

In their rush to pass something, anything, that they can call ‘tax reform,’ congressional Republicans have achieved the impossible: They have made an awful plan even worse. The first thing to note about the bill the Senate passed early Saturday is that it is not, by any reasonable definition of the term, tax reform. The elements of a smart reform ...

Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about emergence and growth of the private cryptocurrencies that are grabbing more and more attention — with ...