Policymakers want to drive take-up while limiting congestion, protecting the public finances and not annoying the public. It could prove hard to square the circle.
Liberal takeover laws and liquid capital markets and a large number of multinationals have helped boost M&A activity in the UK. But with supply shortages and inflation causing concern, can it last?
Will a mix of restrictions, booster shots and changes in behaviour enable the UK to avoid another full-blown lockdown?
The gas price surge is another example of extreme events exposing vulnerabilities in complex systems.
Even if the odds look slim of price rises on a similar scale, reminding ourselves of the risks might just help us avoid them.
As the summer draws to an end, the recovery is moving into a new phase, one marked by slower, more constrained growth and higher inflation.
From semiconductors to milkshakes, goods shortages are starting to weigh on the post-pandemic recovery.
Central banks are still hoping inflation won’t set in. But it will depend on what happens with labour markets.
Antique furniture prices have tumbled over the last decade as homes and fashion have changed – but don’t write off the family heirlooms just yet…
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