Category: Applied economics

Why the Bank of England should sit tight this week

The UK interest rate decision this week is finely balanced – so much so that I was not even sure which way I would vote. Nonetheless, over the course of writing this piece I have persuaded myself to switch to ‘no change’, even though the actual decision is still likely to be a cut. This … Continue reading Why the Bank of England should sit tight this week →

Four reasons to resist the siren calls for a new ‘customs union’

The Liberal Democrats have long argued in favour of some new form of ‘customs union’ between the UK and the EU. But it now appears that key figures in the Labour administration are swinging behind the idea as well, including the Prime Minister’s chief economic adviser Minouche Shafik and Treasury minister Torsten Bell. These two … Continue reading Four reasons to resist the siren calls for a new ‘customs union’ →

The Chancellor’s gaslighting has reached new lows

When in opposition, Rachel Reeves claimed that “the Conservatives are gaslighting the British public". When she became Chancellor, she insisted that she would not “gaslight” working people herself. This can surely now be added to the long list of broken promises. The prolonged uncertainty ahead of the Budget had already harmed the economy. But confirmation … Continue reading The Chancellor’s gaslighting has reached new lows →