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: interest rates
Six takeaways from John Healey’s “Growth Speech”
The Chancellor’s speech had some positives as well as negatives, and perhaps revealed something about interdepartmental rivalries too. But the chasm between rhetoric and reality seems as wide as ever. Six points struck me about John Healey’s first major speech as Chancellor on Monday. The first was that he was giving it all. This is not … Continue reading Six takeaways from John Healey’s “Growth Speech”
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 – is UK productivity finally recovering?
Including thoughts on the latest news from the labour market (not all bad), signs that the economy retains some positive momentum, and what could still go wrong - including autumn hikes in both taxes and interest rates. Theme of the Week This week’s official labour market data were grim. The UK economy continues to shed payroll jobs, … Continue reading Weekly wrap – is UK productivity finally recovering?
Plain-speaking Economics 