Here are the slides from a presentation I gave earlier today to the Shadow Monetary Policy Committee hosted by the IEA. This covered the latest news on the global and the UK economies, the state of play on tariffs, the economic consequences of Mr Trump, how central banks should respond, and how I would vote … Continue reading A presentation on the UK economy and monetary policy
Tag: bank of england
Tumbling energy prices will provide just a little relief from a tariff war
President Trump’s tariff war has already had a large number of consequences – intended or otherwise – for the global economy. But the slump in energy prices is at least one result that we can welcome. On Monday the price of a barrel of Brent fell to US$64, down about 16pc from the average of … Continue reading Tumbling energy prices will provide just a little relief from a tariff war
Thirteen questions and twelve answers on Trump’s tariff war
By popular demand, here is a bitesize Q&A on tariffs. In short, there are no winners from a trade war, but it is not too late to avoid a global recession. For now, ‘wait and see’ may be the best strategy both for central bankers and investors. 1. Do the new ‘reciprocal tariffs’ make any … Continue reading Thirteen questions and twelve answers on Trump’s tariff war
No, the Spring Statement was not a ‘return to austerity’
First, the good news. Rachel Reeves’ Spring Statement is unlikely to do any significant harm to business or consumer confidence, and it was largely shrugged off by the financial markets. These days that is something at least to cheer. In particular, the Chancellor wisely resisted the siren calls to relax her fiscal rules to finance … Continue reading No, the Spring Statement was not a ‘return to austerity’
