Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
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”
Imbalances in the financial sector or the real economy – the usual trigger for recessions – have been markedly absent from the current global economic downturn. Instead, the cause this time was a government-mandated shutdown of the economy owing to a global health crisis. The end of shutdown will see economic growth resume (as indeed …
Continue reading “Capital markets are increasingly unmoored from the real economy”
Jeremy Corbyn – the former leader of the Labour party now led by Keir Starmer – was quoted as saying a few months ago that he felt vindicated in the spending pledges he made in the December 2019 General Election and that, with better timing and luck, he could have won it. The reason for …