Recent Posts

President Biden should support European army

I see symbolism in Joe Biden’s calendar over the coming days — and an opportunity for a new US approach to the European Union. With luck, it’ll culminate in American support for European military integration. Here’s the US president’s line-up: This weekend, he’s in the UK, America’s main ally in World War II. On Monday, he’ll be in Brussels for ...

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Revival of smaller towns in UK

Britain is undergoing a regional renaissance. People have moved to Dorset from London and are holidaying in Suffolk rather than Spain. Call it the legacy of lockdown: Things are finally heating up outside of the capital. Demand for property in outer regions of the UK has surged, as has interest in domestic tourism. With England’s reopening on June 21 looking ...

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Rising wages herald an era of jobless growth

Current labour shortages might be temporary as workers re-enter the labour force over the next several months, but the higher pay they’re earning won’t be, given the tendency for wages to be sticky. That’s going to make this economic expansion different than the last one. An expansion starting with high wages and a constrained labour pool will encourage the creation ...

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