Here the slides from a presentation I gave last week to A-level students of economics at a schools conference in Portsmouth. They include primers on the UK fiscal framework and the bond markets, the importance of confidence and credibility, and a comparison of the fallouts from the fiscal events in September 2022 and October 2024. … Continue reading Schools presentation on fiscal policy
Tag: Liz Truss
What to make of soaring bond yields
The latest surge in gilt yields - which represents the cost of new borrowing by the UK government in the bond market - is yet another shock that the already fragile economy could do without. To be fair, this crisis is not entirely the making of Rachel Reeves and her October Budget. Bond yields have … Continue reading What to make of soaring bond yields
Three big calls that Liz Truss got right
The all too brief premiership of Liz Truss began a year ago this week. The first anniversary is another good chance to reflect not just on what went wrong, but also on what she got right. (As a supporter of ‘Trussonomics’, I feel responsible as well.) There were two big mistakes. One was to underestimate … Continue reading Three big calls that Liz Truss got right
The OECD’s minimum tax plan is dangerous showboating
On Wednesday, Liz Truss will use the Margaret Thatcher memorial lecture in Washington to call the Organisation for Economic Co-operation and Development (OECD) a “global cartel of complacency” whose high tax policies are holding back growth. I fear she is right. In particular, Ms Truss will warn against the OECD’s plan for a minimum 15 … Continue reading The OECD’s minimum tax plan is dangerous showboating
Plain-speaking Economics 