Britain is heading for a fiscal crisis Opinion Without immediate, credible action to rein in spending, contain debt and keep inflation under control, Britain will sleepwalk into disaster, says Gerard Lyons The UK is in danger of sleepwalking into economic torpor. The issues we face are real, sizeable but, crucially, solvable. However, solutions have too often been evaded through short-term fixes and political [...]
In the scramble for chips, Britain needs to come out on top gerard b lyons Rishi Sunak wants to put science at the heart of his government, but as the US and the EU scramble to stay on top of the semiconductor supply chain crisis, the UK has a hefty hill to climb, writes Gerard B. Lyons.
Unlocking the UK could trigger 6 years of economic growth in just 10 months Can you remember what you were doing on the eve of the pandemic? It should be easy to recall. But what were you doing in early 2014? Why do I ask? Well, in a few weeks’ time, as lockdown ends, the economy is likely to be to back to where it was in the first [...]
The creative sector is vital to London – we must save it before it is too late September 8, 2020 Save our arts. That is the rallying call. It is a worthy one. The UK’s creative sector is a dynamic part of the economy, but it has been among the areas hit hardest by the coronavirus crisis and looks likely to recover last. While areas like retail and housing are rebounding solidly, the arts are prevented [...]
It’s time for a fresh UK-China relationship August 14, 2020 The UK needs a fresh template for its relationship with China. Central to this should be a differentiation between strategic and non-strategic areas. This would allow UK businesses to know where the government has set its red lines. In 2015, the UK and China’s relationship was red hot—a “golden era”—with President Xi making a state [...]
A pro-growth vision for the UK economy June 5, 2020 The UK needs a pro-growth economic policy. That is one of the key lessons likely to arise from this crisis. It is also the central message of a new report that I have co-authored for the think tank Policy Exchange. The pro-growth strategy should be based on three arrows: credible fiscal activism, monetary and financial [...]
Understanding what’s driving market reactions is vital May 20, 2020 Our lack of understanding of the coronavirus has added to the challenges confronting politicians and policy makers in recent months, and this in turn has fed the uncertainty impacting financial markets. There are six broad areas influencing markets: the virus itself; the economic picture; the corporate outlook; policy; second-round effects; and lessons from the past. [...]
The top dogs of global finance gather this week to confront economic storm clouds October 14, 2019 Will there be a global recession? What next for policy? Where are the major financial risks? These questions will be to the forefront of minds this week in Washington as the annual meetings of the International Monetary Fund (IMF) and World Bank take place. Policymakers from across the globe will be in attendance, plus over 10,000 participants from [...]
DEBATE: Should the City be optimistic about 2018? January 3, 2018 Should the City be optimistic about 2018? Gerard Lyons, chief economic strategist at Netwealth Investments, says YES. Be positive. The City will get a boost from LSD this year. L is for liquidity, which remains ample as the Bank of Japan and the European Central Bank continue to ease, while the US Federal Reserve and [...]
6 key Budget 2017 takeaways November 23, 2017 Work in progress and still some way to go – that was my immediate take on the Budget. The good news was that the Chancellor recognised the need to position the UK for the great opportunities and significant challenges ahead. Despite this, far more needs to be done. First, the Chancellor and The Treasury are [...]
