Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
This is the first Labour Budget since 2010, and the first by a woman in UK history. It is aimed at raising economic growth in the long run, funded by tax rises and increased borrowing in the short term. The tax rises mainly came from employers’ National Insurance contributions and employers’ contributions to pensions, which …
Continue reading “Immediate reaction to the October Budget, 2024”
The US Federal Reserve or Fed, and the UK Central Bank or the Monetary Policy Committee (MPC,) both made the decision on whether to cut interest rates on the same day, although, given the time difference, it happened at different points. The US Fed cut interest rates by ½% to a range of 4.75% to …
Yet again, the Chancellor’s Spring Statement turned into a Spring Budget. Expectations were that the Government would intervene to alleviate the impact of higher fuel and food prices on household income. Whilst fuel duty was cut by 5p a litre for 12 months and the National Insurance threshold raised, for many, those expectations weren’t met, …
Continue reading “Economic shocks and the tightrope to growth”