There are strong arguments against raising UK interest rates as far as the markets are currently expecting. But I do not believe these arguments are sufficient to justify not raising rates at all... This is an extended version of my submission to the Shadow Monetary Policy Committee run by CityAM, where I reluctantly voted for … Continue reading Why the Bank should follow the ECB and hike rates
Tag: finance
Weekly wrap – Has the UK economy really “turned the corner”?
Including thoughts on UK GDP, “rocket and feather” pricing at the pumps, should the BoE follow the ECB, US bond market intervention, German defence spending, and the latest UK evidence on “second round” effects... Theme of the Week The reassuringly strong GDP data added to evidence that the UK economy is holding up better than … Continue reading Weekly wrap – Has the UK economy really “turned the corner”?
Weekly wrap – No, Prime Minister…
Including thoughts on why Andy Burnham is wrong about “austerity” and Brexit, on bonds and the Budget, and on why the construction sector is such a good bellwether of the success of Labour’s policies... Theme of the Week On Tuesday Andy Burnham addressed MPs on the direction in which he hopes to lead the country. This … Continue reading Weekly wrap – No, Prime Minister…
Weekly wrap – Lies, damn lies, and “Brexit exclusives”
Including thoughts on why young people aren’t working, the folly of rent controls, the outlook for energy bills, the possibility of a 2027 general election, and more “fake news” to call out in The Independent. Theme of the Week I have spent a lot of time over the last few years trying to debunk “fake … Continue reading Weekly wrap – Lies, damn lies, and “Brexit exclusives”
