Hopefully, whoever suggested the line about a ‘trillion-pound wealth fund’ to the person in charge of the UK's public finances will be suitably embarrassed by now. But I suspect not. One of the Burnham government’s most rational decisions so far has been to green light production from the Jackdaw gas field. The UK will need … Continue reading The ‘missing’ trillion-pound UK sovereign wealth fund is pure fantasy
Tag: John Healey
Weekly wrap: Tax cut talk – the good, the bad, and the ugly
Also including thoughts on the latest Budget speculation, paying interest on reserves, the latest from the OECD and IMF, Carney and Blair’s EU fantasies, and what’s really happening to consumer confidence... Theme of the Week It’s party conference season, so politicians will not let a mere fiscal crisis disrupt the usual competition to see who … Continue reading Weekly wrap: Tax cut talk – the good, the bad, and the ugly
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”?
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”
