Friday was a relatively good day for UK economic data, with the latest news on the public finances, retail sales, and the PMI survey all better than expected. This followed Wednesday’s confirmation that headline inflation fell back in January. But is this really evidence that the worst is over – and are the Labour government … Continue reading Better UK economic news owes little to Labour’s policy choices
Tag: Politics
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 hard sell: Britain needs to step up to fund its own defence
The BBC is reporting today that the Prime Minister is considering a significant increase in defence spending or, more precisely, that Keir Starmer is looking at bringing forward increases that have already been promised. The Labour government has previously committed to raising core defence spending from a little under 2.5% of national income currently to the new … Continue reading The hard sell: Britain needs to step up to fund its own defence
“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 