After two cataclysmic wars in the first part of the 20th century, many global institutions were formed. The aim was to promote international cooperation, economic development, oversight and coordination to prevent such disasters from occurring again. Promoting prosperity through peaceful competition on an agreed rule book was seen as the way forward. It worked. There …
The multiple benefits of going nuclear
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 …
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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