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”
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”
Joe Biden’s first speech to a joint session of Congress, delivered as he approached his 100th day in office, clearly showed that this President aims to be transformational, not transitional. It set out his vision for a US society that allows people to prosper based on their abilities and one where those who do thrive …