Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Last year was turbulent for the world economy, and this one may be no different. The Russian invasion of Ukraine in 2022 had its full effect in 2023, reducing real incomes by pushing inflation up, particularly for food and energy. In addition, interest rate increases, put in place to fight the sharp rise in inflation, …
Continue reading “Another turbulent year looms – but so do opportunities”
It’s hard to find anything to like in the Autumn Statement delivered by Jeremy Hunt. While on the surface, the 2% cut in National Insurance contributions seems like a good idea, it looks worse the more you examine what it means and its implications. The Office for Budget Responsibility (OBR) references to the ‘headroom’ to …
Continue reading “An election Budget that does not address UK challenges”
With inflation falling sharply in the US, the eurozone, and the UK, there is no longer a debate about whether the peak in interest rates has been reached. Instead, there is a consensus about rate cuts being the next move, not rate rises and about when that will happen, not if. Financial markets are now …
Continue reading “Economic data show a turning point has been reached in the cycle”