The belated hawkishness of central banks is a wonder to behold. The currency of hikes, once depreciated to 15 basis…
A feature of the past 18 months has been the extraordinary level of vacancies, or job openings, throughout the developed…
The Energy Price Guarantee, announced on 8 September, is expected to add around £100bn to the public sector deficit (and…
Monday marked my 47th work anniversary! On 15 August 1975, I started work as a research officer in the Econometric…
President Biden was ill-advised when he allowed his latest, modest, legislative achievement to be named the “Inflation Reduction Act”. However…
A debate over fiscal strategy has featured prominently in the Conservative Party leadership contest, with foreign secretary Liz Truss arguing…
In a recent speech Huw Pill, the chief economist of the Bank of England, repeats the assertion that wayward UK…
Oddly, my one and only interaction with Enoch Powell was during a seminar concerning the UK balance of payments statistics:…
Global bank lending growth is unusually weak, considering how low interest rates are, in nominal and real terms. Governments and…
Rishi Sunak is a man in a hurry. His mission, as chancellor of the exchequer, is to bring public sector…