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Also in this week’s newsletter: why exports are the drivers of economic expansion

We risk forgetting the lessons of the Covid pandemic

Inflation is falling while some of the concerns about economic activity have been misplaced

There is a danger that animal spirits and the propensity to invest expire in a vicious downward spiral

The future is not in the Scunthorpe blast furnaces that ministers have rescued

Groups from Primark to John Lewis warn surge in shoplifting and abuse of staff is hitting profitability

It is really decades since the stores were a destination, particularly in provincial towns

Consolidators such as Frasers and Next have significantly outperformed the wider market over the past year

Plus, Kemi Badenoch’s first steps as the new Tory leader

Turning grand 19th-century town halls into luxury flats and hotels diminishes the public realm — and civic pride