Although I hate being a Jeremiah, some things are worth worrying about. The UK’s potential energy position over the winter is very vulnerable to a crisis, especially if the weather is colder than average. Although long-run forecasts suggest the winter is likely to be wetter than usual rather than colder than usual (at least compared …
UK monetary policy to remain on hold, for now
In June this year, annual UK consumer price inflation on the central banks preferred measure (CPIH) hit 2.4%, marginally above the 2% target and the highest level since the pandemic started in 2019. It was a rate last seen in August 2018. For some commentators, it was a vindication of the view that the Bank …
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Budget 2021: heavy on detail, light on strategy?
It seems churlish to say that this was a Budget packed with detail but no overarching strategic vision or plan. It was, after all, billed as a Budget for a seminal moment in the UK. It was coming at the end of the first global pandemic since 1918, and it was the first one in …
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