Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
As 2018 draws to a close, we reflect on a year that’s marked 10 years since the financial crisis and consider the impact of the policies taken to deal with the crisis on the UK’s economic position a decade later. More than 10 years on from the collapse of Lehman Brothers, the success of the …
Continue reading “Are we still paying the price for the financial crisis?”
Based on the post-war record of UK economic expansion, we may be about to experience a sharp slowdown (see chart A). Latest figures show that the UK grew by 0.4% in the final quarter of 2017, down by 0.1% from an earlier estimate of 0.5%. In the year as a whole, the UK economy expanded …
Last week’s MPC committee witnessed the widest vote split since 2011, with three out of the eight economists on the MPC voting to increase interest rates by a quarter of a per cent. Bank of England Governor, Mark Carney voted against a rise, a position he defended in his Mansion House speech on Tuesday. A …