Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Global financial markets are seeing the most significant banking market-driven turmoil since 2008/9, the first bank failures in the US since Washington Mutual in 2008 and a sharp fall in bank stocks. US monetary authorities reacted quickly, injecting liquidity, and guaranteeing deposits. But bank stocks around the world are generally lower than they were before …
Continue reading “A rerun of 2008 or a ‘Storm in a Teacup’?”
Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …
Ahead of the March 15 Budget, some of the most important data released in February are worth reviewing to gain insight into what flexibility and room for policy manoeuvre the Chancellor may or may not have available. These are price inflation, wage inflation, economic growth, public sector borrowing figures and money supply. The essential news …
Continue reading “Key UK economic data to consider ahead of Budget 2023”