David Smith

London

Economics Editor at The Sunday Times

Writer at David Smith’s EconomicsUK.com

David Smith is economics editor of The Sunday Times. His website is https://t.co/S1s87CtFaP. His latest book is Something Will Turn Up.

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Articles

Elon Musk calls Trump’s ‘big, beautiful’ tax bill a ‘disgusting abomination’

3 days ago | ca.news.yahoo.com | David SMith |David Smith

Elon Musk listens as Donald Trump speaks to reporters in the Oval Office of the White House on 30 May. Elon Musk listens as Donald Trump speaks to reporters in the Oval Office of the White House on 30 May. Photograph: Kevin Dietsch/Getty ImagesElon Musk, the billionaire tech entrepreneur, has opened a new rift with Donald Trump by denouncing the US president’s tax and spending bill as a “disgusting abomination”.
Confidence is rising but it’s not party time just yet

4 days ago | thetimes.com | David SMith |David Smith

Something curious and rather unexpected is happening. Two prominent surveys of UK business confidence, published in recent days, show that optimism is rising strongly. At a time when firms have just been clobbered with a big increase in national insurance (NI), that is something of a surprise. Yet, sure enough, Lloyds Bank’s business barometer showed an 11-point rise in May to its highest level for nine months, with optimism about the economy up by 16 points.
Will Christian Brueckner ever face charges over the disappearance of Maddie McCann?

4 days ago | independent.co.uk | David SMith |David Smith

The Longer ReadAs searches take place between Praia da Luz and one of houses where the prime suspect in the Madeleine McCann case lived, David James Smith looks back at 17 years of false starts in finding out what happened to the youngster and asks if the German national will ever face charges over her disappearance?
Why Trump is really going after Harvard

6 days ago | ca.news.yahoo.com | David SMith |David Smith

In mortarboards and crimson-fringed gowns, thousands of students were joined by smiling families for the centuries-old ritual of graduation day. But this year was different.
Why Trump is really going after Harvard

6 days ago | sg.yahoo.com | David SMith |David Smith

In mortarboards and crimson-fringed gowns, thousands of students were joined by smiling families for the centuries-old ritual of graduation day. But this year was different.
If we’re addicted to spending, we’ll pay even higher taxes

6 days ago | thetimes.com | David SMith |David Smith

You will probably be aware that in ten days’ time, on June 11, the government will publish its comprehensive spending review, the first under Rachel Reeves’s chancellorship. By next weekend, there will be an avalanche of stories about the review, so I thought I would get in now. For economists, the spending review is a bit like a whodunnit in which you already know most of the ending.
What’s happening to gilts - and should Rachel Reeves be worried?

1 week ago | thetimes.com | David SMith |David Smith

Gilts are UK government bonds, so-called because their certificates once had gold edges. They are issued by the government, via the Debt Management Office, to fund government borrowing. The problem at the moment is that the market interest rate, or yield, has increased, particularly for long-dated gilts. Why does this matter? The higher that gilt yields go, the more the government must ultimately pay in debt interest.
‘So polarised’: Bruce Springsteen’s anti-Trump comments divide US fans

1 week ago | theguardian.com | David SMith |David Smith

As the lead singer of a Bruce Springsteen cover band, Brad Hobicorn had been looking forward to performing at Riv’s Toms River Hub in New Jersey on Friday. Then came a text message from the bar’s owner, saying the gig was cancelled. Why? Because the real Bruce Springsteen had lambasted Donald Trump. “He said to me his customer base is redder than red and he wishes Springsteen would just shut his mouth,” Hobicorn recalls by phone.
Doge employees hold stock in firms set to benefit from cuts, Democrats allege

1 week ago | yahoo.com | David SMith |David Smith

Employees of Elon Musk’s “department of government efficiency” (Doge) own lucrative stock in companies that stand to directly benefit from their work gutting federal agencies, Democratic senators have alleged. The potential ethics violations merit an investigation by the justice department and other oversight bodies, urges a letter co-authored by senators Elizabeth Warren of Massachusetts, Ron Wyden of Oregon and Jack Reed of Rhode Island and obtained by the Guardian.
The sinister red paint attacks plaguing London

1 week ago | msn.com | David SMith |David Smith

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