A week since the US and Israel attacked Iran seems a good time to take stock of the implications for the UK economy and markets. Here are six key points. 1. The energy markets are pricing in a relatively benign scenario The energy markets appear to be banking on a short war, with only temporary disruption … Continue reading Six key points on the Iran war
Tag: news
Spring Statement was yet another missed opportunity
The Chancellor’s Spring Statement sent a signal of “steady as she goes”. Unfortunately, what was really needed is a change of course. There was plenty of party political knockabout, but no major policy announcements and nothing to lift the spirits of consumers or businesses. This might have been fine if all were well. But there is little … Continue reading Spring Statement was yet another missed opportunity
Four insights on the latest UK labour data (warning! contains nuance…)
Many people will read whatever they like into today’s new data on the labour market without bothering to look past the headlines. And to be fair, those raising concerns about the recent trends in unemployment and in pay are right to do so. Nonetheless, the underlying picture is a little more nuanced. Here are four key points … Continue reading Four insights on the latest UK labour data (warning! contains nuance…)
“The OBR: 15 years on”
I recently submitted some written evidence (or at least some opinions!) to the Treasury Select Committee’s new inquiry reflecting on the Office for Budget Responsibility’s (OBR) first 15 years. In case of wider interest, I have pasted the text below (in the format requested by the Committee). Written evidence to the Treasury Select Committee Submitted by … Continue reading “The OBR: 15 years on”
Plain-speaking Economics 