As was widely expected, the new Prime Minister, Liz Truss, has opted for an energy price freeze. It caps the price for the typical energy consumer at £2500 for a unit of energy for two years. But this still represents a sharp increase compared to the previous price cap and the year before. Roughly speaking, …
Why the UK current account deficit matters
What do Russian oligarchs, the selling of UK companies to foreign investors and the slide in the pound all have in common? The answer is they all help to fund the UK’s growing current account deficit. And it is indeed widening. In Q1 2022, the UK’s trade deficit was £33.4bn, and the current account deficit …
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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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