Adam Smith

Freelance Writer and Copy Editor at Freelance

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Articles

Taxpayer bailouts will not save British industry

1 week ago | yahoo.com | Adam Smith

OpinionAdam SmithTue, April 15, 2025 at 6:00 AM UTC5 min readWriting in The Telegraph this month, the Prime Minister said that he would “use industrial policy to help shelter British business from the storm” as Donald Trump unleashed tariffs on the global economy. Sir Keir Starmer went on to criticise those who might find this approach “uncomfortable”, arguing such a reaction was nothing more than clinging to “old sentiments”.
Reeves is gaslighting the public with her £50bn fiddle

3 weeks ago | yahoo.com | Adam Smith

Last week, the Chancellor tried to use the Spring Statement to burnish her more hawkish credentials and reassure the public and the markets that she was in control of the public finances. She told the House of Commons that she would “never take risks with the public finances and would never do anything to put household finances in danger”. If meeting the “non-negotiable’ fiscal rules required £15bn of welfare and spending cuts, then so be it.
Only weak or clueless politicians blame the OBR

1 month ago | yahoo.com | Adam Smith

With the Spring Statement just days away – and with it, the Office for Budget Responsibility’s (OBR) latest verdict on the country’s economic prospects – there is now apparently growing resentment in Government about the fiscal watchdog and the power it wields. From the party who in opposition used the OBR as a political tool to attack Liz Truss’s mini-Budget and then in government increased its powers and responsibilities, this is more than a little ironic. But part of me knows how they feel.
Reeves’s £5bn benefit cuts are laughably unambitious

1 month ago | yahoo.com | Adam Smith

The Government is in a spot of fiscal trouble ahead of the spring forecast from the Office for Budget Responsibility (OBR). Having just increased spending massively and repeatedly refused to commit to the welfare reforms introduced by the last government, they are now planning to reduce spending and cut £5bn from the welfare bill. So much for the stability in economic policy that the Labour Party promised the country.
If Reeves is serious about growth she should axe Miliband’s vanity projects

2 months ago | msn.com | Adam Smith

Continue reading More for You Continue reading More for You
If Reeves is serious about growth she should axe Miliband’s vanity projects

2 months ago | yahoo.com | Adam Smith

The Chancellor’s support for Heathrow expansion is supposed to illustrate beyond all doubt that growth is the Government’s number one mission. It is a symbolic representation of the fact that, as Rachel Reeves said at Davos when asked if growth was more important than net zero, “if it’s the No 1 mission, it’s obviously the most important thing”.
The walls are closing in on Rachel Reeves

2 months ago | yahoo.com | Adam Smith

The Chancellor is under political pressure because of a lack of growth and related fear of a recession caused by her Budget, together with a worry that increased gilt yields could wipe out her headroom in March. The latter danger has slightly reduced, although not gone completely, and she is attempting to address the first with a new-found zeal for growth-related policies.
Reeves is making empty promises - she is already thinking about more tax rises

Jan 15, 2025 | yahoo.com | Adam Smith

The Chancellor has a credibility problem. Before taking office she promised no major tax rises, no massive spending increases and no borrowing binges. She then did all three once she was safely inside No 11 with utterly predictable consequences for growth, inflation, and borrowing costs. It is no surprise that business, the markets and the wider public have lost confidence in her: she has so far done the exact opposite of what she said she would do.
Reeves has ducked welfare reform and put up taxes - but there is another way

Nov 26, 2024 | yahoo.com | Adam Smith

The Chancellor has claimed that there were no alternatives to the damaging tax rises she announced in her Budget last month. These are the tax rises that the Government’s own independent forecaster says will lower growth and reduce the number of people in full-time equivalent employment by 50,000. They have also pushed the farming community into near open rebellion.
Analysis-AI enhances flood warnings but cannot erase risk of disaster

Oct 14, 2024 | finance.yahoo.com | Adam Smith

By Adam Smith LONDON - When floods ripped through parts of Europe in September, the scale of the destruction took people by surprise. The intense rains should not have, because those had been predicted by sophisticated forecasting systems enhanced with artificial intelligence. But forewarned did not mean forearmed. Though the rains were accurately predicted, the effects in the deluged areas were not - a fact that highlights the difficulties of dealing with ever more common extreme weather.

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