economic policy

If we’re serious about changing the world, we need a better kind of economics to do it | Esther Duflo and Abhijit Banerjee

If we’re serious about changing the world, we need a better kind of economics to do it | Esther Duflo and Abhijit Banerjee

The pursuit of rapid growth won’t solve the huge challenges we face. A more honest, humane approach is the answer • Esther Duflo and Abhijit Banerjee are joint winners of the 2019 Nobel prize in
The Drone Wars Are Already Here

The Drone Wars Are Already Here

The skies of Syria, Yemen, and Libya swarm with armed and dangerous unmanned aerial vehicles. And the technology is spreading farther and farther afield.
OBR to publish borrowing forecasts despite scrapping of budget

OBR to publish borrowing forecasts despite scrapping of budget

Move follows fears government would unveil pre-election tax cuts without scrutinyFresh predictions for borrowing taking account of the sharp deterioration in the public finances since the spring will
When recession comes, expect central banks to rewrite the rules | Nouriel Roubini

When recession comes, expect central banks to rewrite the rules | Nouriel Roubini

Any new downturn will spawn unconventional responses, from helicopter money to ‘bail-ins’ and huge deficitsA cloud of gloom hovered over the International Monetary Fund’s annual meeting this month.
UK Treasury on course to exceed this year's deficit target by £16bn

UK Treasury on course to exceed this year's deficit target by £16bn

Economic slowdown and spiralling cost of student loans will force government to break its deficit ruleFollow all the day’s political news – liveThe government is on course to overshoot its deficit
Subsidies for Huawei Gear Would Be Banned Under FCC Proposal

Subsidies for Huawei Gear Would Be Banned Under FCC Proposal

Regulators set a vote on preventing U.S. government subsidies from being spent on gear from Huawei Technologies Co., ratcheting up pressure on the Chinese supplier already targeted as a security risk
Labour calls for release of forecasts for Javid’s scrapped budget

Labour calls for release of forecasts for Javid’s scrapped budget

Chancellor must make OBR analysis public so voters are informed, says John McDonnellLabour has demanded Sajid Javid immediately publish economic forecasts prepared for the budget to ensure the
UK government under pressure to publish forecasts after budget scrapped

UK government under pressure to publish forecasts after budget scrapped

Chancellor Sajid Javid accused of trying to hide worsening growth outlook and neglecting duty to publish OBR reportsThe UK government is coming under mounting pressure to publish economic forecasts
Chile may be the economic star of Latin America but its protests show that’s not enough

Chile may be the economic star of Latin America but its protests show that’s not enough

The unrest is more like last year's yellow vest protests in France than the violence in Venezuela.
Javid's budget plans under pressure after borrowing increase

Javid's budget plans under pressure after borrowing increase

Chancellor hit by spending squeeze as borrowing climbs by a fifth in run-up to BrexitLatest business news – live updatesThe chancellor has suffered a squeeze on public spending in the run-up to next
Sajid Javid refuses to assess economic dangers of Brexit plan

Sajid Javid refuses to assess economic dangers of Brexit plan

Chancellor accused of believing ‘evidence is superfluous to good policy making’Latest Brexit news - live updatesSajid Javid has rebuffed MPs’ demands for the Treasury to carry out a thorough economic
World economy is sleepwalking into a new financial crisis, warns Mervyn King

World economy is sleepwalking into a new financial crisis, warns Mervyn King

Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England bossLarry Elliott: The global economy needs to change fastThe world is
World economy is sleepwalking into a new financial crisis, warns Mervyn King

World economy is sleepwalking into a new financial crisis, warns Mervyn King

Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England bossLarry Elliott: The global economy needs to change fastThe world is
Jokowi Targets $7 Trillion Indonesia Economy With New Cabinet

Jokowi Targets $7 Trillion Indonesia Economy With New Cabinet

Joko Widodo, Indonesia's president, recites the oath of office next to the Holy Quran during the presidential inauguration at the parliament in Jakarta, Indonesia, on Sunday, Oct. 20, 2019. Widodo was
Labour’s nationalisation plans should be debated – but not with misleading figures | Carys Roberts

Labour’s nationalisation plans should be debated – but not with misleading figures | Carys Roberts

The CBI’s flawed analysis ignored all the benefits of the party’s flagship policyIt’s hard to unite nationalisation advocates and sceptics. But the Confederation of British Industry has managed to do
Northern Powerhouse seeks more control of HS2 rail scheme

Northern Powerhouse seeks more control of HS2 rail scheme

Business and city leaders warn of economic damage of cancellation and call for 2012 Olympics-style authorityA review of HS2 by northern business and city leaders has called for control of construction
Indonesia Oligarchs Are Trying to Yank Power From the President

Indonesia Oligarchs Are Trying to Yank Power From the President

Indonesia’s elites are edging closer to securing constitutional changes to strip President Joko Widodo of key powers in a move that could eventually end direct elections, presenting the most crucial
Labour plans for utilities would cost the UK £200bn, says CBI

Labour plans for utilities would cost the UK £200bn, says CBI

Party says calculation of renationalisation costs is ‘incoherent scaremongering’Labour’s plans for a sweeping renationalisation of utilities would cost Britain almost £200bn, the Confederation of
Firms ignoring climate crisis will go bankrupt, says Mark Carney

Firms ignoring climate crisis will go bankrupt, says Mark Carney

Bank of England governor warns of financial collapse linked to climate emergencyTop asset managers oversee $300bn fossil fuel investmentsWhy are asset managers investing in fossil fuel
Firms ignoring climate crisis will go bankrupt, says Mark Carney

Firms ignoring climate crisis will go bankrupt, says Mark Carney

Bank of England governor warns of financial collapse linked to climate emergencyTop asset managers oversee $300bn fossil fuel investmentsWhy are asset managers investing in fossil fuel