Autumn Statement

WEEKLY COMMENT 24-11-2016

By Barry Edwards

Autumn Statement

 

Almost every detail in the autumn statement was previously announced or predicted accurately by the media. Consequently, there were no surprises and it was a mundane affair which did not generate much inspiration or excitement. The really interesting  plan in the statement is the revelation of the Industrial Strategy that will be published in a green paper early next year which will be the first time for ages that a British government has set out its long-term objectives to grow the economy. If you would like to read the full details of the autumn statement click on the link below; read more

The Trump Phenomenon

WEEKLY COMMENT 17-11-2016

By Barry Edwards

The Trump Phenomenon

Every article or comment about the world economy since the election of Donald Trump predicts a mixture of positive, negative and no change future for the USA and the world with the negative view just dominating the mix. Those who believe there will not be much change base their arguments on the fact that Congress will water down any proposals for big increases in expenditure that are presented to them and refuse to pass anything outrageous. Where the President has much more control over foreign policy and defence, they have confidence that the people who eventually advise and work closely with him will tame any exuberance. read more

BofE Inflation Report

WEEKLY COMMENT 3-11-2016

By Barry Edwards

BofE Inflation Report

The Bank of England (BofE) has published its quarterly inflation report which is less pessimistic in the short term than the earlier August report. The strength of the economy since the referendum has surprised most forecasters although the ultimate longer term view is that growth will recede once the UK actually leaves the EU. Inflation is expected to rise and reach 2.8% in 2019 according to the BofE but other forecasters predict that it will reach 4% mainly due to the fall in sterling since the vote. read more