Banking problems are growth problems
Just as the global economic outlook has started to look up, along comes trouble…
Digital pound – revolution or damp squib?
Money evolves over time. From coins to banknotes, cheques, credit cards, online…
Levels of US public sector debt have exploded in the last 15 years. The financia…
A higher new normal for interest rates
For the last forty or so years interest rates in the West have been trending low…
Russian sanctions, one year on
Russia’s invasion of Ukraine was followed by the imposition of sweeping western…
Shorter, milder UK recession in prospect
For the first time in more than a year we are raising our forecast for UK growth…
Britain’s labour has seen significant and unexpected change since 2020. Three ma…
Good news - and goodbye cheap energy
The European economy seems to have dodged a very big bullet. Russia’s invasion o…