This year’s Budget will go down as the one that brought an official end to austerity. Although some tax increases from earlier periods have still to work their way through the system, spending increases will mean a return to pre-austerity levels in the next couple of years. Indeed, Robert Chote, the outgoing head of the …
COVID-19 is more than a severe health crisis – it tells us about the current state of the world
As new cases of the Coronavirus – COVID-19 – outside of China exceed those inside for the first time, we have to ask ourselves what next? Looking at the reactions of financial markets, governments and people around the world, fear seems to be settling in. The reaction of the financial markets has been growing in …
New year, new governor, new rate regime?
As Mark Carney prepares to make way for new governor Andrew Bailey, he’s voiced the suggestion that UK interest rates could be cut if the economy wobbles in early 2020. His view may be in anticipation, as some have concluded, of an economic shock resulting from the UK’s exit from the UK on 31st January. …