We need to talk about Brexit. July should have seen a Brexit deal ratified at the European Meeting of ministers. That did not happen. And, to state the obvious, at the time of writing, an agreement has not been made. And, with PM Johnson publicly saying that no deal would be a ‘good outcome’, the …
Budgeting an end to austerity
This year’s Budget will go down as the one that brought an official end to austerity. Although some tax increases from earlier periods have still to work their way through the system, spending increases will mean a return to pre-austerity levels in the next couple of years. Indeed, Robert Chote, the outgoing head of the …
New year, new governor, new rate regime?
As Mark Carney prepares to make way for new governor Andrew Bailey, he’s voiced the suggestion that UK interest rates could be cut if the economy wobbles in early 2020. His view may be in anticipation, as some have concluded, of an economic shock resulting from the UK’s exit from the UK on 31st January. …