The latest surge in gilt yields - which represents the cost of new borrowing by the UK government in the bond market - is yet another shock that the already fragile economy could do without. To be fair, this crisis is not entirely the making of Rachel Reeves and her October Budget. Bond yields have … Continue reading What to make of soaring bond yields
Category: US economy
A second Trump presidency strengthens the case for Brexit
The usual suspects were quick to seize on Donald Trump’s victory in the US Presidential elections as ‘yet another reason’ for the UK to rejoin the EU. Of course, some people need no excuse. If Kamala Harris had won, they would have insisted that a rejuvenated Democrat-led administration offered a great opportunity to reset US-EU … Continue reading A second Trump presidency strengthens the case for Brexit
The IMF is right to be more worried about ‘Bidenomics’ than Brexit
This week the International Monetary Fund (IMF) has published its latest World Economic Outlook, October 2023: Navigating Global Divergences (imf.org). The headlines have focused on the IMF’s gloomy forecasts for the UK, which are even more nonsensical than usual. Unfortunately, this has drawn attention away from a far bigger concern – the fiscal madness in … Continue reading The IMF is right to be more worried about ‘Bidenomics’ than Brexit
Plain-speaking Economics 