This weekend the Sunday Telegraph led with Britain ‘heading towards IMF bailout’, citing three leading economists who are warning of a “1970s-style debt crisis unless the Chancellor changes course”. The three – Jagjit Chadha, Andrew Sentance and Willem Buiter – are not the usual suspects and their views should be taken seriously. The story was prompted … Continue reading Will the UK need an IMF bailout?
Tag: sterling crisis
Is ‘Brexit Britain’ really the ‘sick man of Europe’?
If you believe some of the headlines, the global economic shocks are already hitting ‘Brexit Britain’ much harder than other countries. Even the Bank of England governor, Andrew Bailey, has warned that inflation is set to be higher for longer in the UK, and growth weaker. The IMF, OECD and currency traders all apparently agree, … Continue reading Is ‘Brexit Britain’ really the ‘sick man of Europe’?
No, this still isn’t a ‘sterling crisis’
The recent slide in the pound against both the dollar and euro has prompted talk of ‘meltdown’ and ‘free fall’. Some commentators have already called this a ‘sterling crisis’, and speculated about what Tory politicians would be saying if it were happening under a Labour government. Even the normally sensible Conservative MP, Sam Gyimah, has described … Continue reading No, this still isn’t a ‘sterling crisis’
Plain-speaking Economics 