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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Autumn Budget 2021 – the new era of Johnsonian politics
An intensely political budget This Budget had many seminal moments worth mentioning. First amongst them is the signal it sent about the change in the Conservative party. Of course, it was intensely political, stealing economic and social policies from its main opposition. Agreeing with many government policies has left the opposition with little room to …
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