Putin’s murderous assault on the people of Ukraine is a threat to peace and security worldwide. But someone also has to worry about the impact on the UK economy. The fallout should prompt a rethink of the response to the cost of living crisis and the tax hikes planned for April. The catastrophe in Ukraine … Continue reading When facts change, fiscal policy should change too
Tag: oil
What to make of the collapse in oil prices
Hard luck, Dr Bucky! On Monday (20th April) the price of a key US oil contract fell as low as minus $37.63 a barrel (yes, minus), meaning that holders were effectively paying others to take their oil away. This clearly needs some explaining. Is this new evidence that global demand is in freefall? And what … Continue reading What to make of the collapse in oil prices
