Inflation and Expectations

by | Sep 1, 2017 | News, Papers

The fall in both CPI (from 2.9% YoY to 2.6%) and RPI (from 3.7% YoY to 3.5%) in June in the UK has had the markets breathing a sigh of relief on the inflation front. As this point marks 12 months on from the Brexit vote and the subsequent slump in sterling,...

Paper for the Industrial Strategy Commission.

by | Feb 27, 2017 | News, Papers

1. Summary. The UK’s key economic problem is poor productivity. This is the result of low investment in tangible assets. The fall in such investment predates the financial crisis and subsequent recession by many years. Its prime cause was the disincentive to invest...

Corporate Governance Reform

by | Dec 6, 2016 | News, Papers

The Green Paper serves a useful purpose. It shows that the Government is aware of the dramatic change that has taken place in the amount and way that senior management are paid with the arrival of the bonus culture. It also shows that the Government is unaware how...

US Economic Policy

by | Nov 19, 2016 | News, Papers

Following the US election we are likely to see a large fiscal stimulus. This has support from many Republicans and many Democrats, but in each case it is based on a different set of expectations. Both groups hope that fiscal stimulus will pay for itself through...