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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A look ahead to what 2022 may bring – turbulence
As a wit once said, forecasting is extremely difficult, especially about the future. With good reason, as some events occur only once in a century. Yet, we’ve had two of those ‘black swan’ type of events in the last ten years. So, this is not attempting to forecast what will occur this year; it is …
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