Starmer more trusted to build a strong economy than Sunak, poll finds Labourland Sir Keir Starmer has gained a seven point lead over Rishi Sunak on being trusted to build a strong economy, a poll of voters has found. Based on whether the public trusted them on the economy, the Labour Party leader scored 39 per cent compared to the Prime Minister’s 32 per cent, while just 29 [...]
UK economy: OECD upgrades forecasts but still predicts recession knife-edge FACT OR FICTION? The UK economy will continue to lag behind other countries in the group of seven (G7) advanced economies this year, despite improved growth projections, new analysis has shown. Only Germany, which fell into a recession over the start of the year and is set to stagnate throughout 2023, will perform worse than the UK. Analysis [...]
Analysis: Jeremy Hunt has been E for Everywhere, man Analysis Jeremy Hunt, the Chancellor, today said financial stability had to come before tax cuts, but said a competitive ’low tax environment’ would be the backbone of future growth. Sascha O’Sullivan looks at his speech.
Year Ahead: Squeeze on household incomes to intensify as tough recession will dominate 2023 January 3, 2023 2023 is expected to be an exceptionally tough year for the UK economy. The country is almost certainly already in a year-long recession, one that will probably prove to be deeper than that experienced in the early 1990s. The squeeze on household real incomes will intensify as rising interest rates join soaring inflation. Admittedly, the [...]
Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
MPs call for lower taxes as UK marks latest annual Tax Freedom Day since the early-1980s June 7, 2022 MPs have called on the UK government to cut the burden on UK taxpayers after new figures showed working people spent a higher proportion of their incomes on taxes than at any other point since the early-1980s. The calls come after the Adam Smith Institute (ASI) published new figures, for Tax Freedom Day, showing UK [...]
Stephen Poloz on the volatility disrupting the global economy May 9, 2022 | City Talk This article first appeared in ICAS’ CA magazine. The era of global volatility is demanding rigour and quick thinking from finance professionals. Stephen Poloz, former Governor of the Bank of Canada, charts a course through the noise. The title of Stephen Poloz’s book, The Next Age of Uncertainty, is a wink to a formative text in his [...]
Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK January 6, 2022 Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Neglecting parts of the UK has led to ‘branch line’ economy, warns CBI chief November 22, 2021 A leading business group warned this morning that parts of the UK have been neglected over decades, leading to a “branch line” economy. The CBI said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of [...]