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'Worryingly, the Government’s recently published Industrial Strategy is essentially a brochure for global investors to come and buy our most productive and profitable assets.' Andrew O'Brien writes the British elite must end their penchant for globalisation unherd.com/newsroom/coven…

.Brad Setser argues “the broad increase in U.S. imports actually precedes the rush to front-run tariffs. A global economy with this large a Chinese surplus can be sustained only with a large U.S. deficit.” edwardconard.com/macro-roundup/…

Another crazy US trade deficit number for February -- $1775 billion annualized. The Jan/ Feb deficit averages $1.8 trillion -- v $1.25 trillion before the election ... 1/

Finland’s president: ‘I just met Donald Trump. Russia is running out of time’ Europeans should “calm down, take a nice bath, take a sauna, take a deep breath” and “engage [with Trump] rather than disengage”. telegraph.co.uk/news/2025/04/0…

Tariffs are like whiskey: A little whiskey, under the right circumstances, can be refreshing—but too much whiskey, under the wrong circumstances, can make you drunk as a goat.

Western sanctions of Russia's shadow fleet are wildly successful. They crushed activity of sanctioned ships, almost ending their role in exporting Russian seaborne oil. That's gone below the radar with everything else going on. Sanction more shadow fleet ships! With Ben Harris

The US grew 65% from Q4 2001 to Q4 2024 so to the extent that domestic demand for a given industry kept up with GDP more of this demand was met by imports even for the "resilient" sectors. With this demand assumption, a truly resilient industry would have an IP Index of 165 or +

The best that can be said for this GDP data is that over a more reasonable time frame for estimating economic output growth then the UK's 3m/3m data at +0.6% is an annualised rate of growth of 2.4%. Very reasonable growth - albeit at odds with some of the wider economic data on

Nationalisation of British Steel is clearly the right answer rather than closure, but this situation was totally avoidable, and will come with HUGE costs to all of us. What happened?

The Ru economy has begun to collapse. Thread. Federal budget revenue growth has been slowing for 5 quarters in a row and in Q1 25 it was only +3.7%. Look at the chart, the last 5 quarters the revenue growth rate was +54%_+25%_+25%_+11%_+4% 1/

I agree here, the short term moves in USD are cyclical. The de-dollarisation happens gradually and is a long-term factor. There's two ways the de-dollarisation will happen: 1) The natural way: if other economies export less to USA and more to Europe, they will naturally

Who could possibly be responsible for this? "the Guardian found more than 150 posts from 29 accounts on three days in August 2024 that sought to draw the attention of anti-immigrant groups and the far right to Lau and other Hong Kong exiles." theguardian.com/world/2025/apr…

“To ensure Europe’s long-term security and to address other pressing political challenges, European governments need to craft more fluid and flexible alliances,” argue Sophia Besch and Richard Youngs. foreignaffairs.com/ukraine/europe…

Does it also perhaps imply the Curia (especially if key members focus on reform of Vatican finances, as many have suggested it should) could become known as the "Chicago boys"?

What competitive strategies could 🇬🇧 develop to gain asymmetric advantage over adversaries? We asked 7 experts in today's #BigAsk ✍️ Dr Hillary Briffa, Hugo Bromley, Robert Johnson 🇬🇧, Ksenia Kirkham, Andrew Lambert, James Rogers, H I Sutton #BritainsWorld britainsworld.org.uk/p/the-big-ask-…

Last chance to register! Geopolitics, trade, and the UK: Balancing the books? Featuring: Kwasi Kwarteng, Suzanne Raine, William Hurst, and Hugo Bromley Today! 5:30pm to 7pm Keynes Library, 9a Bridge St Reg & info: bit.ly/43eqtj5

I see 'Best for Britain' is claiming again that the UK-EU reset could boost UK GDP by as much as '2.2%'... 🤔 This is based on a February 2025 paper by Frontier Economics (paid for by Best for Britain), which you can read below 👇 Some rebuttals... 🧵 assets.nationbuilder.com/b4b/pages/9373…

Video now available - Geopolitics, trade, and the UK: Balancing the books? Featuring: Kwasi Kwarteng, Suzanne Raine, William Hurst and Hugo Bromley Watch now: youtu.be/oRK21rgrB0k?fe… via YouTube

Last chance to register! Amb Mariana Plaza: ‘Argentina: Politics, Culture and Global Relations’ HE Amb Mariana Plaza will speak about the challenging process of economic transformation This Wed 4th Jun 5:30pm to 6:30pm Old Library, Pembroke Info & reg: bit.ly/3Fqhaof

In this #JapanMemo, Yuichi Hosoya　細谷雄一, Prof Yee Kuang and Fenella McGerty:   ➡️ Japan-UK diplomatic alignment, amid the UK’s tilt towards the Indo-Pacific ➡️ Japan-UK defence partnership, including the GCAP, the CSG deployment ➡️ Japan-UK economic cooperation, including the economic