The US Federal Reserve or Fed, and the UK Central Bank or the Monetary Policy Committee (MPC,) both made the decision on whether to cut interest rates on the same day, although, given the time difference, it happened at different points. The US Fed cut interest rates by ½% to a range of 4.75% to …
An historic election win but big challenges loom
Even with one of the largest parliamentary majorities in its history and the Conservatives with their lowest-ever vote share, the incoming Labour administration faces a daunting task: improving UK economic growth. It knows that was why it was elected; after all, growing the economy through increased productivity was the focus of its election campaign. It …
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A political budget – one for the short term economically not the long
Nothing announced in the Budget on Wednesday was a surprise because it was all leaked in advance. But that did not make it any less surprising in one regard: the lack of any bold action to deal with the economic challenges facing the UK of an aging population, poor productivity, the need to reform the …
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