Mass immigration has made Britain a less competitive economy
1,300 migrants a day pour into UK. (11 Sep) - When Mark Carney went to Nottingham last week to make his first speech as Governor of the Bank of England, media attention focused, naturally enough, on his reference to Jake Bugg, who we are told is a pop singer of some sort. Amazingly, Mr Carney had been to one of his gigs. Yet...
Singapore’s volatile data stump professionals
(4 Sep) - Last month, Singapore’s government announced the economy grew 3.8% on-year in the second quarter. But as late as June, economists polled by the city-state’s central bank were predicting growth of just 1.5%. Economists got it wrong on exports too: They predicted a nearly flat print in the second quarter, when exports...
Singapore having mid-life crisis
(8 Sep) - Singapore marked its 48th year of independence in August, but not everyone in the prosperous Southeast Asian city-state was celebrating. A slowing economy, immigration issues and the rise of critical social media have fuelled growing discontent with the ruling People's Action Party (PAP), which has kept a tight grip...
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