There are three good reasons to expect the Bank of England’s MPC to “wait and see” for at least another month. Nonetheless, there may be one even better reason to pull the trigger now - "credibility". A Reuters poll of sixty-five economists last week found that all sixty-five expect the Bank of England’s Monetary Policy Committee to … Continue reading The Bank is unlikely to raise rates this week, but maybe it should?
Category: UK economy
Weekly wrap: Labour still isn’t working
Keir Starmer’s government is wasting its remaining time and your money playing at being a tech investor, while failing on everything from job security to national security. Welcome to the latest weekly wrap of the key points from my social media posts, with comments on the UK and global economies, the markets, and occasionally on … Continue reading Weekly wrap: Labour still isn’t working
Three quick points on the economics of defence spending
Raising defence spending will be a hard sell. But politicians must not shy away from this fight, and innovative "defence bonds" may help to win it. John Healey’s resignation as Defence Secretary today may well be the fatal blow to Keir Starmer’s premiership, leaving Andy Burnham to deliver the last rites. Everything that has happened … Continue reading Three quick points on the economics of defence spending
Politicians should not play at being ‘tech bros’ with taxpayers’ money
The British Business Bank's much-hyped £25 million (yes, “million”) investment in Kraken is a perfect example of spin over substance. The Business Secretary, Peter Kyle, has long been on a mission. In January, speaking at the World Economic Forum in Davos, he promised to “bet big” and “pick winners” when taking direct government stakes in growing businesses. … Continue reading Politicians should not play at being ‘tech bros’ with taxpayers’ money
Plain-speaking Economics 