Tag: Budget

The UK economy is trapped in a “doom loop” by a clueless government

The early omens for 2026 are not good. The UK is stumbling into the New Year on the brink of recession. Indeed, the economy stopped growing last summer as Budget jitters began to undermine confidence and spending again. Only some favourable rounding in August prevented headline GDP from falling in every month from July to … Continue reading The UK economy is trapped in a “doom loop” by a clueless government →

Why the Bank of England should sit tight this week

The UK interest rate decision this week is finely balanced – so much so that I was not even sure which way I would vote. Nonetheless, over the course of writing this piece I have persuaded myself to switch to ‘no change’, even though the actual decision is still likely to be a cut. This … Continue reading Why the Bank of England should sit tight this week →

The Chancellor’s gaslighting has reached new lows

When in opposition, Rachel Reeves claimed that “the Conservatives are gaslighting the British public". When she became Chancellor, she insisted that she would not “gaslight” working people herself. This can surely now be added to the long list of broken promises. The prolonged uncertainty ahead of the Budget had already harmed the economy. But confirmation … Continue reading The Chancellor’s gaslighting has reached new lows →