Author: julianhjessop

Brexit is not to blame for the surge in UK inflation

Ouch! It looks increasingly likely that the headline measure of consumer price inflation is going to start with a '9' in April...

Schools presentation on Brexit and Covid

Here are the slides from a virtual talk I gave today to a group of students from years 10 to 13... brexit-and-covid-25-april-2022-1Download

Why Sunak is (still) right to reject a windfall tax on energy companies

The Labour Party and LibDems are continuing to push hard for a ‘one-off’ windfall tax on the profits of North Sea oil and gas companies. These businesses are indeed likely to make more money than even they had expected, thanks to the surge in global energy prices. The European Commission has also supported the idea … Continue reading Why Sunak is (still) right to reject a windfall tax on energy companies →

Could Russian sanctions undermine the US dollar?

So, it’s official. The global rating agency S&P has determined that the Russian government has defaulted on part of its international debt. In itself, this is not as big a deal as it may sound. Nonetheless, the unusual circumstances have revived concerns about the future of the US dollar as the reserve currency of choice … Continue reading Could Russian sanctions undermine the US dollar? →