Author: julianhjessop

Inflation risks are building – but does anybody care?

Many people have already written about how the ‘spectre of inflation’ has returned to haunt global investors. In reality, financial markets are still surprisingly relaxed about the risks, and most measures of inflation expectations have risen only slightly. This seems increasingly complacent. In part this reflects the persistently dovish messages from the world’s major central … Continue reading Inflation risks are building – but does anybody care?

It’s time to pause QE

Consumers, businesses, and investors are increasingly optimistic about the prospects for the UK economy, and independent forecasts are continually being revised up. Policymakers at the Treasury and Bank of England should now be reassessing their plans too. The consensus at the start of the year was that UK GDP would grow by around 4% in … Continue reading It’s time to pause QE

Brexit tide is finally turning

Brexit is not yet done and there are plenty of problems that still need fixing, especially in Northern Ireland and in the service sectors. Nonetheless, public perceptions of Brexit have improved significantly, business concerns are fading, and now we have hard evidence of a quick rebound in UK goods exports to the EU too. According … Continue reading Brexit tide is finally turning

How much should we worry about inflation?

Many people have written about how the ‘spectre of inflation’ has returned to haunt investors. In fact, the financial markets are still remarkably sanguine, reassured by dovish comments from central banks. This was reasonable in the depths of the Covid recession. Now it looks increasingly complacent. There has already been a sharp rise in government … Continue reading How much should we worry about inflation?