Blogs

City A.M. – The growing number of retirees in debt is a worrying problem for all generations
August 8, 2019

Most people aspire to a retirement that allows them to do things that they didn’t have chance to do while they were working. But this

The Times – Edinburgh’s £1bn Fringe benefits
August 5, 2019

The Edinburgh Festival Fringe is worth about £1bn to Scotland — three times greater than had been thought — according to a fresh economic analysis

The Edinburgh Festival – the billion pound moneyspinner that showcases a dramatic change in the Scottish economy
August 4, 2019

Forecasting Eye    The last official estimate of the economic impact of the Edinburgh Festival in 2015 suggested that it contributed £312 million to Scottish

Five tips for Sajid Javid
July 29, 2019

Sajid Javid will find his background in hedging emerging market government debt rather useful in his new job as Chancellor of the Exchequer. And also

The Irish News – North reports growth in spending power, but still behind UK rivals
July 26, 2019

Family spending power in the north remains the lowest in the UK, according to new figures.   The latest data from the Asda Income Tracker

Independent – Boris Johnson faces an economic maelstrom even in the unlikely event that he can sort Brexit
July 23, 2019

View the full article here.   “This morning the Centre for Economics & Business Research’s (CEBR) “Forecasting Eye” will declare that “Britain could again become

Britain could again become a low tax environment under Boris….
July 22, 2019

Barring the biggest electoral upset in recent years, Boris Johnson will become Prime Minister on Wednesday 24 July. In the present unusual circumstances this change,

The world’s best ever geography lesson
July 15, 2019

My brother Mike and I completed the Peking to Paris Endurance Rally in the Place Vendome last Sunday in our Bentley S1. Most of the participants

Forbes – Big U.K. Firms Invest More In Telecoms Than Solving Worker Productivity Problems
July 10, 2019

Britain’s productivity crisis was no closer to being solved today as it emerged large businesses are investing twice as much in their telecoms as boosting the productivity

City A.M. – UK companies complacent on productivity, survey shows
July 10, 2019

Nearly two-fifths of large UK companies called their productivity levels “very concerning” but big firms are investing only 0.25 per cent of their annual turnover

Net migration at second lowest level in over a decade contributing to perfect storm for London property
July 8, 2019

At the end of June, the Office for National Statistics published its annual migration statistics for the year ending June 2018. A close examination of

We pass fields of solar panels and wind farms, cross from Eastern Europe to the West and visit the world’s most visited car museum…
July 5, 2019

The settlement after WW2 moved Stettin from Germany to Poland. But the border with Germany is close by and we spent much of the day

The good Lord doesn’t like us to get too presumptuous and today he decided to remind us of that
July 4, 2019

We had had just about a week with no mechanical problems and had started to presume that getting to Paris was just a matter of

The ‘sweeps party’ – we start late, a pretty good chicken and chips in a town pronounced ‘Quids In’ and we get halfway through an unexpectedly large Poland…
July 3, 2019

…. The most important social event of the rally is the ‘sweeps party’. The sweeps are special people. Some of the top mechanics in the

We enjoy a lovely drive down the coast, find the ghost of Stalin in an auto museum and look at the roosters on the spires of Riga’s churches
July 1, 2019

It’s been a long rally and ralliers are starting to look tired. Someone had a birthday yesterday and was offering vodka shots en masse. I

Sweden’s weak currency puts its booming Flat White Economy at risk
July 1, 2019

Endless midsummer nights, stunning archipelagos and tasty meatballs, there are many reasons to go to Sweden for a holiday. In the summer of 2019, you

We visit two capitals in one day, have a sea cruise in the Baltic and discover an exotic business operating opposite our hotel…
June 30, 2019

We skipped the two rallycross sections of the route carefully designed by the Finnish friends of the rally. We were sorry to let them down

We get half a day of rest, fail to get into the Konstantin Palace, meet a bear, discover how rapidly St Petersburg is growing and cross the border out of Russia…..
June 28, 2019

Rally ‘rest days’ are not normally proper days off work – cars have to be fettled and problems dealt with. We found that one of

We visit one of the most important Kremlins in Russia, experience White Nights in St Petersburg and spend a second successive night close one of President Putin’s palaces
June 27, 2019

Another essentially transitory day though we had an interesting stop in Veliky Novgorod. This is one of the most important ancient cities in Russia. It

We start under Lenin’s baleful gaze, pass church after church and end up watching kids waterski pulled by zip wire….
June 26, 2019

Nizhny is a fascinating town that I hope to revisit. It is clearly an economic growth centre in Russia. It was the first area to

Wonderful architecture as we cruise along the Volga…Mike signs autographs…we follow a famous F1 engine designer….
June 25, 2019

As we move West everything becomes more Europeanised. Mosques are replaced by cathedrals. Squat loos disappear (great news for those with bad knees). A much

The Telegraph – Savers lose out on millions as 10pc of deposits earn no interest
June 24, 2019

Savers are missing out on millions of pounds in interest, with £1.10 in every £10 held in deals paying nothing at all.   The total

Forbes – 2 Issues Affecting Your Business’ Profitability: Barriers to Imports and Poor Public Transport
June 24, 2019

Public Transport   The study, carried out by the Centre for Economics and Business Research (Cebr), found that a one percentage point increase in public

Out of debt: Consumers’ unwillingness to borrow could blow a £41 bn hole in the UK economy by 2020
June 24, 2019

Forecasting Eye    Higher pay means higher disposable income, leaving consumers with more to spend – or so the logic goes. Following this line of

The car is clean (outside) as well as having brakes; we find beer from East Lothian and we manage to get understood well enough to get a burger….
June 23, 2019

Today is a ‘rest’ day in the rally and we did actually get a chance to slow down a bit. Mike spent the morning at

The best bouncy castle I’ve seen and we reach beautiful Ufa, Russia’s Islamic capital and art inspired by the rally….
June 22, 2019

Some have asked that I include a picture of the splendid bouncy castle that I mentioned yesterday. It really was spectacular so I have bowed

City A.M. – Three reasons why the Bank of England won’t raise interest rates
June 21, 2019

The Bank of England should keep interest rates on hold tomorrow due to uncertainty over Brexit, global trade tensions, and recent weak UK data, City A.M.’s

Playing up to national stereotypes, certificates to prove we are ‘in Europe’ and staying in what once would have been a workers’ holiday camp
June 21, 2019

One of the elements of entertainment on the rally is the way that some of the participants unwittingly reinforce prejudices about national stereotypes. Some (important

Mad welcomes, some very charming Kazakh people and Soviet style hotels
June 20, 2019

Everyone on the rally has nothing but praise for most Kazakh people. Everywhere we have arrived here we have been met with crowds and local

Wow. An uneventful day. Really quite exciting.
June 19, 2019

We left Nur Sultan’s flesh pots and pottered along to a wonderful welcome in Balkashino where we camped.   This is the last camping of

We get muddy, see first hand how the Kazakh economy works and how it will be transformed by the Belt and Road Initiative and arrive to a round of applause and chocolates in the newly renamed Nur Sultan (formerly Astana)
June 18, 2019

Sorry that we didn’t blog yesterday. The hotel in Pavlodar didn’t have working wifi, working air conditioning or indeed, at the time I went to

Mini-BoTs: economic boost, form of taxation or a step towards ‘Quitaly’?
June 17, 2019

Forecasting Eye    Since the UK voted to leave the European Union in 2016, there has been a great deal of attention on which country,

The car is upright again and we leave early for a 620km day and a border crossing to Kazakhstan…
June 16, 2019

Mike had a pretty busy day yesterday, getting the car fixed. We met the mechanic whom Russian speaking sweep Nicolai had arranged for us at

At last we have made it to Novosibirsk
June 15, 2019

Figure 1 The Marriott in Novosibirsk has attractive Art Deco features At last we have made it to Novosibirsk.   Before the rally we were told

The car runs properly for the first time on the rally, we reduce the population of butterflies and are greeted like conquering heroes when we arrive in Novokuznetsk.
June 14, 2019

Fig 1 At least the colour of the duct tape matches… Oh bliss. The car is working properly for the first time on the rally

A short blog, I have just a few minutes cos Mike is working on the car
June 13, 2019

He ‘fixed’ the brakes last night, returning to the room around midnight. He and the poor sweeps who have lost a quarter of their complement

Sorry for the gap. We have been in the Mongolian desert. This has to be sent by phone so is short!
June 12, 2019

We have traversed much of the Gobi desert and against all expectations got to the Russian border. I gather that some of our organisers and

Slowing consumer spend could cost Indian economy $25 billion …..so Prime Minister Modi must now prioritise export-led growth instead
June 10, 2019

Forecasting Eye    In keeping with recent trends of polls being misleading, the results of the Indian election last month saw Narendra Modi re-elected with

It’s a rest day so Mike gets a welcome lie down….
June 7, 2019

As you can see from the picture the word ‘Rest Day’ is a misnomer. Mike has spent the entire day under the car and then

Driving in the desert, Mike fixes our car and helps with few others, an enormous statue of Genghis Khan and Ulan Bator’s traffic jams
June 6, 2019

There is nothing quite like rally driving in a classic car in the desert. Figure 1 Driving in the desert. In this case it is

The difficulties of getting into Mongolia
June 4, 2019

Our start time had been brought forward from 9.37 to 7am but when we appeared at 7 most people had left. So we drove as

The Maritime Executive – U.S. will be Key Beneficiary of Belt and Road Initiative
June 4, 2019

A new study by global economic consultants Centre for Economics and Business Research (Cebr) in the U.K. estimates that the global economic impact of the

We have breakfast in a revolving restaurant, get lost, race round a dirt track and see dinosaurs
June 4, 2019

One of the advantages having a relatively late starting position is that we have plenty of time for breakfast (but not always – see the

Traffic jams, unusual methods of transport for ponies, wonderful scenery and arrive at one of the world’s fastest growing cities
June 3, 2019

At last the great day has arrived and Mike and I left the hotel at 5:30 am, with Rowena and Ianthe getting the supporters’ bus

China’s recovery is more sluggish than we had hoped…
June 3, 2019

Six months ago, we highlighted the uncertain state of the Chinese economy as one of the key determinants of whether the world economy will enter

China Daily Article – Classic, vintage cars roll out for epic Beijing to Paris endurance drive
June 1, 2019

To view the full article please click here.   More than 200 motoring enthusiasts from across the globe went behind the wheels of their classic

At last we collect our cars, meet an old friend, stick on stickers, pass scrutineering and brief China Daily
June 1, 2019

Signing on was at 9 am at which point we were told when we should collect our cars. Mike and I got allocated to the

Shopping for food and octane enhancer, being lectured by the chief of traffic police and a rather wonderful duck supper…
May 31, 2019

We had a leisurely breakfast today before chasing after our chores. First task was to buy food supplies for the rally in case we missed

Telling what is happening in an economy from an economist’s observations…Ianthe goes tobogganing…meanwhile rally fever builds up in the hotel….
May 29, 2019

I got a mini kicking from one of my colleagues a fortnight ago for making observations about the Spanish economy based mainly on what I

We visit the Tiananmen Square, the Forbidden City and the Summer Palace and see the preparations for the 70th anniversary of the revolution
May 29, 2019

I have a reputation in my family for being the last to arrive or to get up and for keeping everyone else waiting so I

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