World trade is bouncing back – creating problems at the docks

Analysis from Dr John Ashcroft on the economic impact of Covid-19 In Southern California, off the twin ports of Los Angeles and Long Beach, 62 container ships lie at anchor, awaiting an unloading berth. The floating queue, a phenomenon unknown before the pandemic, has doubled in size since August. The precious cargo includes toys, electronics, […]

Recovery on track …‘Pingdemic’ fears set to ease

Analysis from Dr John Ashcroft on the economic impact of Covid-19 UK car factories turned out 69,097 units in June, according to the Society of Motor Manufacturers and Traders (SMMT). While this was a rise compared with the Covid-depressed June 2020, however, it still represents the worst June total since 1953 as the global chip […]

Spend, Spend, Spend… the Shoppers are back!

Analysis from Dr John Ashcroft on the economic impact of Covid-19 Retail sales jumped by almost 10% in April. Masked shoppers returned to the high street. Sales were up 40% compared to April last year. Sales were up by 12% compared to pre-pandemic levels in the months of 2019. Clothing stores were major beneficiaries. Sales […]

UK Economy could grow over 20% in 3 years

Analysis from Dr John Ashcroft on the economic impact of Covid-19 The IMF now sees a brighter outlook for the world economy. The Bank of England is feeling more optimistic about the UK. The Office For Budget Responsibility forecasts real growth of 11% over the next two years. Forecasts for the UK will be revised […]

A tale of two economies – recovery expected at a ‘rate of knots’ in 2021

Analysis from Dr John Ashcroft on the economic impact of Covid-19 Andy Haldane, Chief Economist at the Bank of England, expects Britain’s economy to recover ‘at a rate of knots’, from the beginning of the second quarter this year. It should not be too difficult. The comparative figures for last year, are not much to […]

V for Victory and the shape of the recovery

Analysis from Dr John Ashcroft on the global social and economic impact of Covid-19 What shape will the recovery be in the UK..? It’s a V, it’s always a V… We are at the stage in the economic cycle when questions are raised about the shape of the recovery. Pick a letter from the alphabet […]

Lockdown could be over in weeks

Analysis from Dr John Ashcroft on the global social and economic impact of Covid-19 As the UK case load peaks… In Italy, the epidemic is slowing down. Following four weeks of shutdown. Italian officials say it will take until Easter to reduce infections sufficiently, to begin a relaxation of quarantine measures. Sections of industry will […]

No deal Brexit, will it create another recession?

John Ashcroft, Economist and author of The Saturday Economist, weighs up the evidence. Britain faces a ‘devastating recession’, a plunging pound and soaring prices if a ‘No deal Brexit’ takes place, according to a recent analysis from ratings agency Moody’s. Here’s how that works out… In the event of no agreement to an orderly exit […]