Ed Conway

If you follow these things, you may recall that last month, when the Treasury produced its analysis of the long-term impact of Brexit [https://www.gov.uk/government/publications/hm-treasury-analysis-the-long-term-economic-impact-of-eu-membership-and-the-alternatives] , it furnished us with three potential scenarios: 1. that Britain leaves the EU and remains in the European Economic Area

Economics is an art masquerading as a science. Always has been, always will be. An economic model looks complicated, full of factors and equations, but it is invariably balanced on a bunch of assumptions that are, if not plucked out of the air, then at the very least guesstimates. Art

Watching the Bank of England is an exercise in what old Cold War hands used to call Kremlinology. Because Moscow never used to make open statements about its plans, the only way to get a sense of its future actions was to watch the smoke signals coming from the Kremlin,

Somerset Maugham once famously described Monaco as “a sunny place for shady people”. But the truth is that Monaco, along with most of the old, traditional tax havens, is no longer quite as shady. If you really want to hide money, no questions asked, the likelihood these days is you’

Here’s a nugget that goes at least some of the way towards explaining the current woes of the British steel industry: in the past two years alone China has produced more steel than the total cumulative output of the UK since the industrial revolution. Or consider this: at today’