The UK economy suffers from low economic growth and stubbornly poor productivity, resulting in stagnant living standards and exposing working people to a spiraling cost of living crisis. Successive governments have tried unsuccessfully to solve the “productivity paradox” by cutting taxes in an attempt to entice business to innovate. To understand why this has failed…
Feb 25th 2022 ON FEBRUARY 24TH President Joe Biden announced a suite of sanctions against Russia in response to its invasion of Ukraine. The focus was on the country’s biggest banks, cutting them off from the dollar and limiting their ability to raise money abroad. But the announcement also contained a new kind of sanction,…
A prominent Peking University think tank posted a surprisingly frank assessment of China’s technological strengths and weaknesses on 30 January—and took it down less than 1 week later. The report, titled China-US Strategic Competition in Technology: Analysis and Prospects in Mandarin, warns China has more to lose than the United States if technological cooperation between…
