Bank of England needs to act now to curb inflation risks

The Bank of England may finally be ready to take the foot off the accelerator – at last. The latest economic data already seem to have persuaded some members of the Monetary Policy Committee (MPC) that the time to scale back the emergency stimulus is fast approaching. I think this should start at the August … Continue reading Bank of England needs to act now to curb inflation risks

The UK’s flexible labour market needs to be allowed to do its job

The Treasury is right to begin to wind down the furlough scheme – and not a moment too soon. The UK economy is springing back to life and the labour market is not far behind. It will take a while for this to be confirmed in the official data. We still only have the headline … Continue reading The UK’s flexible labour market needs to be allowed to do its job

England, the Euros, and the economy…

A few quick thoughts on the economics of the Euro 2020 football tournament and calls for a snap Bank Holiday if England beat Italy in the final. England’s sterling performances during the tournament have been great for the nation’s mood. It has been fantastic to see the country come together and have so much to … Continue reading England, the Euros, and the economy…