It is obviously a bit harsh to judge anyone’s premiership by just one announcement on the first day, but a token cut in VAT on domestic electricity bills does not bode well. In case you missed it, the new government has announced that the rate of VAT charged on domestic electricity bills will be cut … Continue reading Burnham’s first big idea: lower your bills by raising your taxes?
Tag: bank of england
Another lurch to the left under Burnham could tip the economy over
Better news on inflation might lower bond yields regardless of the changes in Downing Street. But it seems more likely that honeymoon disappointment and Budget speculation will sap confidence further. This Friday, Andy Burnham is set to be confirmed as the new leader of the Labour Party and hence as the next Prime Minister of … Continue reading Another lurch to the left under Burnham could tip the economy over
Weekly wrap: “meet the new boss, same as the old boss”?
Andy Burnham is now a shoo-in to replace Keir Starmer as PM. Indeed, he has already U-turned almost as often. But his pick as Chancellor and any talk of new fiscal rules could still move markets. Welcome to the latest weekly wrap of the key points from my social media posts. Monday 15 June On … Continue reading Weekly wrap: “meet the new boss, same as the old boss”?
The Bank is unlikely to raise rates this week, but maybe it should?
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?
