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Chris GilesFinancial Times |
Suspending cash transfers to the central bank will not alleviate UK fiscal pressures
Despite dire OBR warnings, changes to how projections are calculated can correct misplaced fear of unsustainable levels
People love progressive changes in theory but hate them in practice
The pieces are falling into place, but are not quite there yet
We would need to rethink sustainable growth rates and fiscal targets
It is premature to assume the AI era will lead to non-inflationary growth like the ’90s computing boom
A huge pessimistic bias in our national accounts leads us to doom and gloom which turns out to be nonsense
The fiscal watchdog’s error is worse than other Budget leaks because it exists solely to improve the process
It is not the story that the chancellor would like to tell you
Investment is a long game that does not transform the immediate growth outlook, and cuts are difficult
It’s far from perfect, but the UK’s spending is broadly controlled and employment is high
It took us a generation to get into the present council tax mess and would take another to emerge with minimal scars
Few sectors will escape the negative supply shocks caused by the president’s policies
Markets ultimately will take notice if the government demonstrates its ability to lower deficits
The central bank does not work properly if a president can bend it to his will
Caution should continue to be the watchword in Jackson Hole until the impact of Trump’s policies are better understood
With US checks and balances on the retreat, it is unwise to be an optimist
We do not know exactly how many people are leaving, but the corroborating evidence is mounting up
Export growth has been strong but not lived up to its potential
The capital has been skewing Britain’s economic geography for more than a century
We have higher expectations of services than providers can offer from the taxes we actually want to pay
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