Although I hate being a Jeremiah, some things are worth worrying about. The UK’s potential energy position over the winter is very vulnerable to a crisis, especially if the weather is colder than average. Although long-run forecasts suggest the winter is likely to be wetter than usual rather than colder than usual (at least compared …
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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UK monetary policy to remain on hold, for now
In June this year, annual UK consumer price inflation on the central banks preferred measure (CPIH) hit 2.4%, marginally above the 2% target and the highest level since the pandemic started in 2019. It was a rate last seen in August 2018. For some commentators, it was a vindication of the view that the Bank …
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