This was the first Autumn Budget, and a bit like the climate one typically gets at this time of the year the economic outlook in it was a bit gloomy. Because of assumptions about lower productivity – in 16 of the last Budgets it has been forecast to return to its long-term rate of growth …
UK interest rates – twist or stand?
Last week’s MPC committee witnessed the widest vote split since 2011, with three out of the eight economists on the MPC voting to increase interest rates by a quarter of a per cent. Bank of England Governor, Mark Carney voted against a rise, a position he defended in his Mansion House speech on Tuesday. A …
A tale of two cities – is the future revolution or evolution?
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it …
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