Mark Carney’s vision for Canada’s future relationship with the EU and Tony Blair’s ambition for the UK to rejoin the bloc are delusional in similar ways. This blog explains why... Earlier this month, Canadian Prime Minister Mark Carney and European Commission President Ursula von der Leyen made a coordinated push to promote the idea that … Continue reading What Carney and Blair both get wrong on the EU
Category: UK economy
What to make of the new OECD forecasts
The OECD is not really in the forecasting business and its projections are no more interesting than any others. But the consistent policy messages from the OECD and IMF might carry more weight. Frankly, my advice is to ignore the latest OECD projections - they don’t tell us anything that we don’t already know, and … Continue reading What to make of the new OECD forecasts
Weekly wrap – Government policies continue to do more harm than good
Including thoughts on the “productivity puzzle”, bond yields, monetary policy credibility, and how the government’s clumsy interventions are still costing jobs and adding to rental inflation... Theme of the Week This week’s most interesting economic story was worth a piece of its own: “Six questions and answers on the new productivity data”. In short, the … Continue reading Weekly wrap – Government policies continue to do more harm than good
Six questions and answers on the new UK productivity data
New ONS analysis shows that UK productivity has held up much better than previously thought. Here’s a quick Q&A including what this could mean for the Budget, and what it is telling us about Brexit... This week the ONS published new analysis of the key measure of labour productivity, namely output per hour worked. This … Continue reading Six questions and answers on the new UK productivity data
