Over the coming 12-18 months fiscal policy will matter more than monetary policy in Britain. Political economy is trumping macroeconomics and driving the Chancellor to over-tighten.
Britain's macro-policy mix is a mess
Britain's macro-policy mix is a mess
Britain's macro-policy mix is a mess
Over the coming 12-18 months fiscal policy will matter more than monetary policy in Britain. Political economy is trumping macroeconomics and driving the Chancellor to over-tighten.