Archive - Value Added

A miss, a hike and some caveats

The inflation miss should not be overplayed - rates are almost certainly near their peak.

Mar 24, 2023 •

Five Budget Takeaways

What caught my attention

Mar 16, 2023 •

December 2022

The Politics of Growth

Being in favour of economic growth is easy. It is also empty.

Dec 14, 2022 •

How bad will it be?

The OBR and the BOE foresee very different recessions. The key difference is household savings.

Dec 8, 2022 •

November 2022

Five Autumn Statement Takeaways

A horrible squeeze, a disagreement on monetary policy & a Gordon Brown-type fiscal approach

Nov 17, 2022 •

Learning the wrong lessons

The UK macro-policy mix looks awful. Again.

Nov 10, 2022 •

October 2022

Overcompensating and Fiscal Fudges

From one extreme to another.

Oct 18, 2022 •

Credibility problems

The UK macro mess

Oct 12, 2022 •

September 2022

That Was The Week That Was

Reflections on a very long week

Sep 30, 2022 •

Thoughts on the fallout

Scattered post-budget reflections

Sep 27, 2022 •

The not very 'mini' budget

Inflation, gilts and gambling

Sep 23, 2022 •

Fiscal rules & fiscal vibes.

When it comes to fiscal credibility, vibes matter.

Sep 20, 2022 •

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