Britain has a trade surplus in almost every service sector except tourism. As a result, world trade negotiations have not played to British strengths because advanced economies tend to trade freely in manufactures but retain home-country bias in their purchases of services. This should frame any debate on trade in the EU referendum.
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24 February 2016, Financial Times
24 June 2015, Financial Times
We once suffered from Norman Angell’s “Great Illusion” that prosperity was the product of aggressive control of territory and resources — and now we know better. The wealth of Denmark is instead built on exporting bacon and drugs to control diabetes — an appropriate combination — around the world.
10 June 2015, Financial Times
More than twenty years have passed since the creation of the single European market and the Schengen common travel area. And yet while much appears to have changed, more has remained the same.
04 February 2015, Financial Times
The Transatlantic Trade and Investment Partnership is currently being negotiated between America and the EU. My instinct is to approve, but the international handling of investor-state disputes may have some nasty side effects.
28 May 2014
The correlation between a temperate climate and economic prosperity is clear and striking. What are the causes?
05 March 2014, Financial Times
The most important source of economic advance comes not from doing the same things better, but from achieving the same objective in a completely different way.
29 January 2014, Financial Times
The dispersion of productivity among already rich countries has increased. Norway and Switzerland have surged ahead but laggards such as Italy – and indeed Britain – have struggled to keep up with the pack.
04 December 2013, Financial Times
Envy is both inseparable from economic progress and destructive of social cohesion. Some inequality is inevitable, and there seem to be three principal factors that make it more tolerable.
19 June 2013, Financial Times
Corporation tax is a tax on corporate activity and on shareholders, and it is not well designed to achieve either purpose.
13 January 2010, Financial Times
Digital media is the future and two decades from now the book business will look very different.
28 May 2008, Financial Times
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