Economics newsletter
Musk’s SpaceX is worth every penny
As the hype builds for the reported $1.5 trillion IPO of Elon Musk’s SpaceX later this year, there will be plenty of critics who argue the company’s marketing has more hot air than one of its rockets. It has been claimed by some that the IPO will be worth more than the top seven companies
Musk’s SpaceX is worth every penny
As the hype builds for the reported $1.5 trillion (£1 trillion) IPO of Elon Musk’s SpaceX later this year, there will be plenty of critics who argue the company’s marketing has more hot air than one of its rockets. It has been claimed by some that the IPO will be worth more than the top
Is time up for Tesla’s cars?
Has Tesla run out of road? The electric car firm put plenty of spin on its annual results, talking bullishly about the new projects that were coming to fruition. Elon Musk’s company plans to go big on robots, pivot to Artificial Intelligence, and develop its self-driving unit. Yet there was no disguising the real message
The inside story of Reform’s business charm offensive
Nigel Farage didn’t need the help of corporate Britain to build Ukip, the Brexit Party and Reform UK into national forces. He didn’t need open letters from big business to help win the EU referendum. And he didn’t need big brands to take GB News off their advertising blacklists for his show to succeed. This
Europe must give Trump what he wants
Tensions between the United States and Europe have prompted a rethink about defence spending among European elites. The postwar paradigm saw Uncle Sam pick up the tab for security while the Continentals sunk their treasure into social protection and other political priorities. This suited Europe for as long as their benefactor remained broadly faithful to
Ed Miliband’s warm homes scheme is good news for cowboy builders
The cowboys must be licking their lips. Ed Miliband has come up with yet another green homes scheme to chuck public money at subsidised energy improvements. The Warm Homes Plan will allocate £15 billion to grants and low-cost loans for homeowners who want to upgrade their insulation, and fit heat pumps and solar panels. According
Why inflation is up again
Inflation has crept back up. Figures released by the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) rose by 3.4 per cent in December. That’s up slightly from the 3.2 per cent rise in prices recorded in November – though it is roughly in line with what markets had expected. The main
Rachel Reeves: destroyer of jobs
Rachel Reeve’s jobs collapse is trundling on. Figures just released by the Office for National Statistics (ONS) show that 155,000 payroll jobs were wiped out in the year up to November. Some 33,000 were lost in a single month. In total, over 200,000 jobs have disappeared since the Chancellor’s first Budget when she announced a
Britain’s economy is standing still under Labour
Britain’s economy is standing still. Figures just released by the Office for National Statistics show GDP grew by just 0.1 per cent in the three months to November. The numbers were dragged down by the construction sector, which saw a contraction of 1.1 per cent – its largest fall in nearly three years. GDP grew
Billionaires or bust: the world needs the super-rich more than ever
The socialist left was on parade in the final innings of 2025. The long cold shadow cast by “The 2026 Billionaire Tax Act,” a ballot initiative in California to be voted on in November, has led tech billionaires to take flight out of the state and land in the zero-income-tax paradises of Texas and Florida.