Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
The UK’s fiscal position is not just precarious; it is on the brink of becoming unsustainable. With just one more crisis, like the global financial crisis and the Pandemic that we’ve experienced in the last 20 years, the situation could escalate rapidly. A return to strong growth would reduce this risk but will be a …
Continue reading “UK fiscal position: one event away from crisis”
There’s so much wrong with the recent trade agreement between the US and the UK that it’s difficult to know where to start. First, it’s not a trade deal as it does not reduce tariffs or set the terms for trade between the two countries; instead, it is an agreement about a potential deal. But …
In recent months, official interest rates have been cut worldwide as inflation has fallen sharply from the peak of over 9% following the end of the Pandemic and Russia’s invasion of Ukraine, which drove up global food and energy prices, see chart 1. Global price inflation has fallen to the rates before the Pandemic and …