Here are the slides from a presentation I gave earlier today to the Shadow Monetary Policy Committee hosted by the IEA. This covered the latest news on the global and the UK economies, the state of play on tariffs, the economic consequences of Mr Trump, how central banks should respond, and how I would vote … Continue reading A presentation on the UK economy and monetary policy
Tag: MPC
Tumbling energy prices will provide just a little relief from a tariff war
President Trump’s tariff war has already had a large number of consequences – intended or otherwise – for the global economy. But the slump in energy prices is at least one result that we can welcome. On Monday the price of a barrel of Brent fell to US$64, down about 16pc from the average of … Continue reading Tumbling energy prices will provide just a little relief from a tariff war
Stalling economy unlikely to sway the Bank of England
On Thursday (19 December), the Bank of England’s Monetary Policy Committee (MPC) will reveal its latest interest rate decision. Those of us hoping that the recent bad economic news will prompt another cut are set to be disappointed. Believe it or not, most forecasters still expect Rachel Reeves’ first Budget to boost the economy in … Continue reading Stalling economy unlikely to sway the Bank of England
The Budget has just made the Bank’s job even harder
It is good to start for once with some praise for the Bank of England. After the Halloween Budget in the UK and the fireworks of election night in the US, the Bank’s Monetary Policy Committee helped to calm the nerves by delivering the expected quarter point cut in interest rates (to 4.75pc) on Thursday. … Continue reading The Budget has just made the Bank’s job even harder
Plain-speaking Economics 