Article taken from: www.ft.com
Joseph Carson makes the case for adding house prices to inflation measures , as it would give central bankers more data to aid stability. What you’ve been saying
The comforts of sogginess are much in demand but it doesn’t have to be this way — letter from Hector Tyser and Caspar Tyser:
Out of all the mayhem we might get a Churchillian leader (from either major party) to drive a proper, crunchy recovery and give us the economic advantage over Europe that we had in mind when we crunchily decided to leave. In this case, what former transport minister Jo Johnson has already described as a “failure of British statecraft on a scale not seen since Suez” would at least have led to positive change.
Comment from Peter M on Britain should have no fear in pursuing a WTO Brexit :
The price of a British pound, measured in euro, is 20 per cent lower today than the average price for the last 30 years. Only 6 per cent of the 370 months since 1988 the price has been lower. Why this weakness? The last 30 years the UK has experienced an unprecedented advantage as the gateway to the EU, in particular for US companies and very much so, for companies in the finance sector. The language, the culture and the legal system has made it the natural harbour. The inflow of foreign direct investments (FDI) has been a growth engine.
Therefore, the pound has punched way above its weight. The people in the UK has benefitted. No so any longer. The gateway is on its way to be closed. The FDI’s will dry up and the currency market foresees this, dropping the pound to its more natural level against the euro, given the constantly higher UK inflation and the negative current account. The neat picture the Conservative MP Priti Patel describes, with an independent nation, striking its own deals, free from all restrictions, might come true. But it comes with a price
Other artefacts stoically await repatriation — letter from Dionysios Tsilioris:
The Aphrodite of Milos and the Nike of Samothrace should, under the same precept, let their eternal beauty shine once again over the place where they were masterfully created. All the same, it is highly doubtful that President Macron will indeed create the precedent that will allow governments to insist on the return of their natural treasures, and the caryatids in Athens to welcome their lone sister, removed to London by Lord Elgin in the early 19th century, among their ranks. Today’s opinion
Europe will never be a top-tier geopolitical power ‘America First’ hit the EU hard but its response has been weak