Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Ahead of the announcement of the third fiscal event the Labour administration has had since winning the General Election last year, let’s delve into the second budget to look at forecast errors and why they matter. A significant issue has surfaced: for the second time in a row, the chancellor is compelled to raise new …
Continue reading “Fiscal forecast errors part 1 – what’s going on?”
Let’s begin with a few quotes from Adam Smith to set the context for the following discussion about why free trade matters: “After the division of labour has once thoroughly taken place, it is but a very small part of these [necessaries, conveniencies, and amusements] with which a man’s own labour can supply him. The …
Continue reading “The philosophical underpinnings of free trade and free markets”
Even with one of the largest parliamentary majorities in its history and the Conservatives with their lowest-ever vote share, the incoming Labour administration faces a daunting task: improving UK economic growth. It knows that was why it was elected; after all, growing the economy through increased productivity was the focus of its election campaign. It …
Continue reading “An historic election win but big challenges loom”