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 …
A look ahead to 2023
My first prediction is that I am confident that only some of the projections people make will fully capture what happens this year. One of the lessons of the last few years is that more disruptive events are occurring more frequently than before, causing more uncertainty. Some things will continue this year: technological change will continue …
How high will the UK interest rate go?
With inflation continuing to rise and central banks reacting by raising interest rates, the critical question must be how high will rates have to rise to curb inflationary pressure? To do that, we need to consider what a ‘neutral’ interest rate – one that kept prices steady – would look like, and how much higher …