Economy

With just a few days left before polls close in America’s crucial midterm elections, Republicans appear better positioned than ever to regain control of the House of Representatives and potentially the Senate as well.History shows that the president’s party typically loses seats in midterm elections, and despite some optimistic signs over the summer, Democrats now seem likely to follow that pattern on 8 November.Republicans’ prospects have grown brighter as more voters identify the economy as their top priority, after many Democrats spent the summer campaigning on the importance of abortion...

There must come a time when the cost of Brexit is recognised by a British government, but that day is not imminent. Even when the economy and migration are two of the most prominent topics of debate, a realistic account of the European dimension to those issues is taboo for Conservatives who still wear their epic policy folly as a badge of honour.Independent observers raise the consequences of Britain’s departure from the EU, as Mark Carney, former Bank of England governor, did on Friday when he observed that it was...