Tag: quantitative easing

Bank of England needs to act now to curb inflation risks

The Bank of England may finally be ready to take the foot off the accelerator – at last. The latest economic data already seem to have persuaded some members of the Monetary Policy Committee (MPC) that the time to scale back the emergency stimulus is fast approaching. I think this should start at the August … Continue reading Bank of England needs to act now to curb inflation risks

It’s time to pause QE

Consumers, businesses, and investors are increasingly optimistic about the prospects for the UK economy, and independent forecasts are continually being revised up. Policymakers at the Treasury and Bank of England should now be reassessing their plans too. The consensus at the start of the year was that UK GDP would grow by around 4% in … Continue reading It’s time to pause QE

How I Learned to Stop Worrying and Love the Debt

I’ve read some utter tosh on the state of the UK public finances in the last few days. Here is an attempt to correct some of the biggest misunderstandings. Most importantly, government debt does not have to be ‘repaid’, only serviced. As long as the government can meet the interest payments (I’ll come back to … Continue reading How I Learned to Stop Worrying and Love the Debt

Fiscal and monetary policies in a time of Covid

Here’s a presentation I gave on 19th October (to A-level economics and business students) on fiscal and monetary policies in the UK, covering topics such as the impact of Covid on the public finances, whether taxes will have to rise to pay for it, whether the BoE should ease further, the pros and cons of … Continue reading Fiscal and monetary policies in a time of Covid