Category: Labour markets

Put April’s tax rises on hold and let growth fix the public finances

First, the bad news. UK consumer price inflation has already hit 5.1pc in the 12 months to November. And it is likely to rise further in the coming months as businesses pass on more of the price pressure that is already in the pipeline. In particular, the energy regulator Ofgem is reviewing its cap on … Continue reading Put April’s tax rises on hold and let growth fix the public finances →

Bank of England needs to act now to tame the inflation tiger

It’s not often I agree with the International Monetary Fund (IMF), but their latest warnings on the risks of inaction from the Bank of England could not have been more timely. The jump in consumer price inflation to 5.1 per cent in November has already taken it well above the figure of 4.5 per cent … Continue reading Bank of England needs to act now to tame the inflation tiger →

A quick primer on ‘Omicronomics’

Here are some first thoughts on 'Omicronomics', or the economic impact of the new Covid restrictions announced for England over the weekend. The main short-term risk to the UK economy comes from the tightening of the self-isolation rules: contacts of those testing positive for the Omicron variant will have to stay at home for up … Continue reading A quick primer on ‘Omicronomics’ →