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Global trade news today and for the next few months

This is so good! A fun way of seeing where government spends money and how that has changed over time. Thanks once again to my amazing colleagues.

Great new tool from Institute for Fiscal Studies: real police spending per person, UK, dropped 34% from 2010 to 2016; and is still 8% lower ifs.org.uk/calculators/wh…

We asked Meredith A. Crowley to give our annual lecture even before Donald Trump won the presidential election. Given what has happened since I don't think we could have made a better choice of speaker or topic "trade wars and the future of globalisation". Do sign up.

Like Daniel Finkelstein I've yet to hear really convincing case for saving British Steel. Only plausible argument is for national security. But how and why does steel differ from e.g. microchips? Without total clarity on a rationale we risk an expensive mess. thetimes.com/comment/column…

Good growth is good. Also equitable growth. And sustainable growth. But this is me on the Campaign for Social Science "good growth hub" just making the case for growth. Period. We need it urgently and should stop apologising for it. acss.org.uk/the-essential-…

By reforming public pensions govt could do a little to "stabilise the public finances, improve public services, enhance growth, and increase labour force participation. There aren’t many things over which it has such direct control and where there are such obvious wins".

Quite the chart. And some of this is about thousands of small firms stopping trading entirely in response to increased bureaucratic burdens. This puts future growth at risk as economic dynamism falls.

It seemed a reasonable hypothesis that NHS waiting lists might be among the reasons for the astounding growth in claims for incapacity and disability benefits. But this, most careful analysis yet, suggests little evidence of such a link.

This is fascinating. A piece of economic history of which I was entirely unaware. For nearly 40 years governments deliberately prevented economic development in Birmingham so as not to be unfair to less successful areas. With disastrous results. Important lessons here.

Long term lack of earnings growth has had a fundamental effect not just on our economy but also on our politics. Effects have become apparent year by year, hence "boiling the frog". Getting out of this low growth equilibrium is vital for social justice as well as economic success

Remarkable from Claire Coutinho, sec of state for energy in last govt. "how much the Government’s policy will add to bills is not calculated or monitored in the Department for Energy." Can anyone confirm this is true? (can't find such analysis published by govt in last decade)

Nice to think Institute for Fiscal Studies might be that powerful. A bit worrying also…