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Barometer

Barometer

25 February 2023

9:00 AM

25 February 2023

9:00 AM

That’s another story

Roald Dahl’s books have been edited to make them less offensive, with references to ‘fat’ and ‘ugly’ people removed. Other children’s media that has been revised:

– The Noddy books originally featured golliwogs, which were removed in 2009.

– Six Dr Seuss books were withdrawn from sale in 2021, one for featuring a Chinese man with chopsticks for eyes, another for depicting African characters in grass skirts.

– Dumbo was taught to fly by crows with exaggerated southern US accents. One was originally called Jim but has been renamed Dandy, and a content warning added. 

Peter Pan refers to ‘redskins’, also now with a content warning.

Turning profits

How has the profitability of UK firms changed in the past decade? Net rate of return for non-financial sector companies:

Q3 2013 11.3%

Q3 2014 12.8%

Q3 2015 11.6%

Q3 2016, Q3 2017 10.5%


Q3 2018 10.1%

Q3 2019 10.2%

Q3 2020 10.4%

Q3 2021, Q3 2022 9.7%

Source: Office for National Statistics

Gloomy forecasts

How good is economic forecasting? Some forecasts made in the fourth quarter of 2022 for UK growth (which in the event turned out at 0 per cent):

CEBR (Nov) -1.1%

British Chambers of Commerce (Dec) -0.9%

J.P. Morgan (Dec) -0.6%

Bloomberg Economics (Dec) -0.5%

Barclays Capital (Dec) -0.4%

Citigroup (Dec) -0.2%

Capital Economics (Dec) -0.1%

CBI (Dec) 0.1%

NIESR (Dec) 0.5%

Source: HM Treasury

Meal plans

Sadiq Khan wants free school meals for all children at London primaries, at a cost of £130 million. Who gets them now?

– Across England, 1.9m (22.5%) got free school meals in 2021/22. It grew from 13.6% in 2017/18 to 15.4% in 2018/19, 17.3% in 2019/20 and 20.8% in 2020/21.

– Children qualify if they live in a household which receives a welfare benefit and with an income (after tax but excluding welfare benefits) of less than £7,400.

– In 2021/22, the highest proportion getting them was in the north-east (29.1%), and the lowest was in the south-east (17.6%).

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