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.…
The sky is black with chickens coming home to roost. As the reality of the UK’s inflationary struggle dawns, borrowers…
2009 witnessed an impressive recovery in the GfK measure of UK consumer confidence, from around -35 to -15, yet the…
The release of the full national accounts for 2022 has confirmed what an extraordinary year it was for the UK…
Last week, US financial markets woke up to the depth of the funding and liquidity crisis that has been rippling…
Since Covid struck, UK public finances have been on a war footing. The usual controls on public spending were relaxed…
The market and media obsession with the Fed’s deliberations on interest rates is obscuring a material threat to US and…
While the consensus has turned more hopeful that a UK recession can be averted, the evidence points strongly in the…
Despite the marked acceleration of hourly wages over the past 12 months, the US labour market is as tight as…