The UK net international investment position (NIIP) deteriorated markedly last year, erasing all the post-GFC improvement and confirming the negative…
On the M4 definition of the UK money supply, there has been a £125bn contraction (equivalent to 4 per cent)…
For those schooled in the generalised benefits of international trade, the past 15 years have been a source of dismay…
Somewhere along the line, during the past 25 years, economic contractions acquired a stigma. Consecutive quarterly declines in GDP, alias…
Deeper into the enchanted forest we go. Seen one pink unicorn, seen them all. And what could possibly go wrong…
Corporate insolvencies are rising sharply in the UK and France. A charitable interpretation is that this merely reflects a normalisation…
China’s macro-financial model appears to be in difficulty. The recent depreciation of the yuan, most notably against the US Dollar,…
A softening of the pace of nominal US pay growth in recent months has been welcomed by policymakers as a…
Earlier this month, the Office for Budget Responsibility published its latest appraisal of the UK’s fiscal risks and sustainability (FRS).…
Like a pillion passenger leaning in the opposite direction to the rider, UK banks’ behaviour has become perverse and dangerous.…