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The Economist - UK
Journal Prestige (SJR): 0.1
Number of Followers: 237  
  Full-text available via subscription Subscription journal
ISSN (Print) 0013-0613
Published by The Economist Group Homepage  [5 journals]
  • Britain’s economy has slowed to a standstill, largely because of
    • Authors: The Economist online
      Abstract: FOR some time Britain’s vote in June 2016 to leave the European Union appeared to be having little economic impact. Sterling slumped but GDP growth in the second half of 2016 was faster than in the first. Unemployment fell, rather than jumping, as most economists had feared. Yet the notion that the economy would escape Brexit uncertainty was always fantastical.Britain’s economy has gone from a leader to a laggard internationally, as GDP growth has slowed sharply (see chart). As The Economist went to press, the monetary-policy committee (MPC) of the Bank of England was expected to leave its benchmark interest rate on hold at 0.5%. The economy is deemed too weak to cope with higher borrowing costs.
      PubDate: Wed, 20 Jun 2018 14:49:16 +000
  • As shoppers go online, high streets reinvent themselves
    • Authors: The Economist online
      Abstract: High times on the high streetDEMORALISED shoppers on London’s overcrowded Oxford Street can now leaven their day with a few rounds of crazy golf. Swingers has just opened near Oxford Circus. Customers can putt away on helter-skelter or big-wheel themed courses and refresh themselves at four cocktail bars. The venue, already popular with hen parties and corporate beanos, is on the site of the former flagship store of BHS, a fashion retailer that went bust two years ago.Swingers is one of the businesses that is filling up the acres of floor space vacated by the recent collapse of some of Britain’s most famous high-street brands, as well as many lesser-known ones. Near to the old BHS store is another sinking flagship, House of Fraser. On June 7th the company announced that it was closing 31 of its 59 shops, with a loss of up to 6,000 jobs. This continues the worst run of closures on Britain’s high streets since 2010, just after the financial crash. Last year there was...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:31 +000
  • Are these Dad’s Army stamps inspired by Brexit'
    • Authors: The Economist online
      Abstract: Brexit-supporting MPs and newspapers have long criticised the Royal Mail’s decision not to release a set of stamps to mark Britain’s departure from the EU. On June 12th it unveiled a set to commemorate the 50th anniversary of “Dad’s Army”, a TV comedy about a bungling band of Home Guard volunteers. Looking at the catchphrases featured on the stamps, some have wondered if the set is, in fact, a subtle tribute to Brexit.
      PubDate: Thu, 14 Jun 2018 15:09:31 +000
  • Theresa May postpones the tricky Brexit decisions again
    • Authors: The Economist online
      Abstract: IF POLITICS is the art of survival, Theresa May is proving adept at it. A week ago she adroitly averted resignations by Brexit ministers. This week the prime minister persuaded MPs to reject all amendments made by the Lords to the EU withdrawal bill. Yet her habit of putting off tough decisions and offering concessions only at the last minute has risks. It is also steering her away from a hard Brexit.The week’s most dramatic scenes were in the Commons. Mrs May faced down an amendment designed to make Britain join a customs union with the EU, by deferring the issue until the trade and customs bills return next month. But until late on June 12th she was heading for defeat on an amendment by a Tory MP, Dominic Grieve, to give Parliament the right to decide what happens if the Commons rejects the eventual Brexit deal. Mr Grieve’s aim is to stop the government presenting MPs with Hobson’s choice: take the deal, or get Brexit with no deal at all.David Davis, the Brexit secretary, huffed...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:31 +000
  • Why Britain’s hospitals are waging a war on pyjamas
    • Authors: The Economist online
      Abstract: Ditch the PJs, lose the Zimmer“I FEEL a bit scruffy wearing this,” says Lyn Vardon, a nurse assistant at the Hillingdon Hospital in Uxbridge. Her work outfit for the day is a striped pyjama set. Other staff, and even the hospital’s nursing director, are in nightwear, too. The idea is to bring attention to the opposite: a move to get patients changed out of hospital gowns and pyjamas into their own clothes—and then up and moving. Two-thirds of National Health Service trusts in England are doing this, under the slogan #EndPJparalysis.“Pyjama paralysis” is the bane of hospital wards, says Brian Dolan, an affable academic and a registered nurse who started the campaign. A hospital gown, he says, makes patients feel weaker than they are. To caregivers, it signals inability to perform even basic activities like washing or sitting up in a chair. It is, after all, the uniform of the sick.The result is what medics call deconditioning syndrome. Loss of...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:31 +000
  • Sir Martin Sorrell gets a golden goodbye from WPP
    • Authors: The Economist online
      Abstract: SIR MARTIN SORRELL is a big beast of British business. As the head for 32 years of what is now the world’s largest ad agency, WPP, he spearheaded its transformation from a wire-basket maker to a marketing powerhouse. He is a regular at the World Economic Forum at Davos, and other international gabfests. He has for years been the best-compensated chief executive in the FTSE 100.Then in April came an abrupt resignation. No official explanation was offered, other than that the resignation followed an internal investigation into personal misconduct and the misuse of company assets, but that the amounts involved were “not material”. Sir Martin has signed a non-disclosure agreement; the company is bound by data-privacy laws. News reports over the past week suggest Sir Martin may have visited a brothel, and that the line between personal and company expenses was blurred. He denies those allegations. But his departure, and the manner of it, raises questions about the future of both the firm and the...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:31 +000
  • Paul Dacre, the Daily Mail’s “conductor”, passes the
    • Authors: The Economist online
      Abstract: PAUL DACRE, who thinks of himself as a conductor, emerges from his office at 6pm each weekday to tune up his orchestra: the writers and editors of Britain’s second-bestselling newspaper, the Daily Mail. He paces around the newsroom, ripping up pages, rewriting headlines and dressing down hacks. It is, Mr Dacre has said, an exercise in “remorseless energy”. The next morning that energy tumbles onto the doormats of suburban England. Judges quibbling over Brexit? “Enemies of the people”! Food wholesalers hiring staff from Hungary? “Is there no one left in Britain who can make a sandwich?”Since Mr Dacre got the job in 1992, the Sun and Daily Telegraph have each appointed six editors. Five prime ministers have occupied Downing Street. Mr Dacre has gone unchallenged. Even when he was on holiday, says an ex-lieutenant, “the paper would come out in his image”. Yet the orchestra will soon have a new...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:31 +000
  • Crime is back on the political agenda
    • Authors: The Economist online
      Abstract: ON JUNE 10th thieves in Stevenage ram-raided an electrical-goods store. The next day, a woman in north London was left in a critical condition after a mugging by two men on a moped. The day after that, a young man was stabbed outside a Tesco in west London—the second knife attack in the capital in barely 24 hours.Such events are becoming more common. While crime overall continues to fall, some violent crimes—which tend to drive public opinion—seem to be on the rise. As a result, law and order is back on the political agenda for the first time in nearly a decade. Britons care about crime more than any other topic bar health and Brexit, according to Ipsos MORI, a pollster. The number saying it is a concern is now the highest in seven years (see chart).When it comes to crime, public opinion eventually leads to political reaction, argues Lisa Miller, an academic at Rutgers University. Should the spree continue, MPs will once again face pressure for action. The Conservatives will not...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:30 +000
  • Brexiteers fear being stitched up by the establishment
    • Authors: The Economist online
      Abstract: THE Brexiteers are one of the most successful pressure groups in British history—arguably the second-most successful after the Anti-Corn Law Leaguers who inspired the creation of The Economist in 1843. They persuaded David Cameron to hold a referendum on Britain’s membership of the European Union. They won it against the massed ranks of the British and global establishment. And they persuaded Theresa May to pursue the hardest possible Brexit, despite a narrow victory. Not bad for a group of “swivel-eyed loons”, as Mr Cameron’s clique called them.But are the loons snatching defeat from the jaws of victory? A growing number of people on both sides of the Brexit argument calculate that they are. Dominic Cummings, the former campaign director of Vote Leave, thinks that Brexit is being “irretrievably botched”. Ambrose Evans-Pritchard, a pro-Leave journalist, says that “the quixotic bid for British independence has failed”. On the Remain side, Jonathan Powell...Continue reading
      PubDate: Thu, 14 Jun 2018 15:09:30 +000
  • Scottish nationalists face up to the economic challenges of independence
    • Authors: The Economist online
      Abstract: THE Scottish independence referendum of 2014 was lost because nationalists could not convince enough voters that breaking away from Britain would benefit them economically. Survey data suggest that hardly anyone who thought the Scottish economy would be worse-off voted Yes. As the ruling Scottish National Party (SNP) lays the groundwork for another referendum, it has been trying to firm up the economic case for independence. Economic strategy is set to be the talk of the SNP’s spring conference, which begins on June 8th.Before the vote in 2014, nationalists promised milk and honey. That was, supposedly, to be covered by bountiful tax revenues from oil and gas production, which would be seized back from London, which currently takes the spoils. A blueprint published by the Scottish government in 2013 suggested that such revenues could amount to £7bn-8bn ($11bn-12.5bn) per year, enough to give every Scot around £1,500. The slump in the oil price in 2014 put paid to such ideas. Last year the tax take from...Continue reading
      PubDate: Thu, 07 Jun 2018 14:45:31 +000
  • Grenfell’s long shadow
    • Authors: The Economist online
      Abstract: FOR two weeks, the families of those who died came to tell their stories to the Grenfell Tower Inquiry. The father who was flying home from Egypt while his family burned; the parents whose daughter had moved from Italy to London to make a life; the young man who stood and watched the flames as his mother and sister were trapped inside. Translators muttered live renderings of the speeches to friends and family unable to speak English. Sir Martin Moore-Bick, the judge who is leading the investigation, sat on stage and listened, seldom speaking except to offer words of condolence.Since the fire at Grenfell Tower last June 14th, which killed 72 people and injured 70, official investigations have made slow progress. A review of building regulations produced cautious recommendations last month. Sir Martin’s inquiry into the causes and aftermath of the fire published preliminary findings on June 4th. A criminal investigation, which is considering personal and corporate manslaughter charges, will probably...Continue reading
      PubDate: Thu, 07 Jun 2018 14:45:30 +000
  • Russian oligarchs may matter less to Britain’s economy than many
    • Authors: The Economist online
      Abstract: Roman’s amphitheatreSTAMFORD BRIDGE, home to Chelsea football club, is hardly a slum. But it has fallen behind the glitzy new stadiums of its nearest rivals in England’s Premier League. And that is how things are likely to remain, for on May 31st Chelsea announced that it had shelved a £1bn ($1.3bn) scheme to redevelop its west London stadium. The club’s billionaire owner, Roman Abramovich, has not had his British visa renewed; this, it seems, was his response. The club pointedly cited the “current unfavourable investment climate” for its decision.Mr Abramovich appears to be a casualty of Britain’s deteriorating relationship with Russia, which has worsened since the poisoning of Sergei Skripal, a former KGB agent, in March. As Britain’s most famous oligarch, Mr Abramovich was an obvious target for the government to demonstrate a tougher attitude to those with ties to Russia’s president. He has since acquired citizenship of Israel, and is reportedly...Continue reading
      PubDate: Thu, 07 Jun 2018 14:45:30 +000
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