Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
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”
As a wit once said, forecasting is extremely difficult, especially about the future. With good reason, as some events occur only once in a century. Yet, we’ve had two of those ‘black swan’ type of events in the last ten years. So, this is not attempting to forecast what will occur this year; it is …
Continue reading “A look ahead to what 2022 may bring – turbulence”
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 …
Continue reading “UK monetary policy to remain on hold, for now”