Tag Archives: UK Economy

The big announcement in yesterday’s budget was not the cut to stamp duty, additional funds for Universal Credit or some extra cash for the NHS.  The real showstopper was the announcement that the Office for Budget Responsibility (OBR) had downgraded its growth forecast for 2017 from 2 percent to just …

It is a fairly safe bet that Britain’s Chancellor will stick to the failing Tory plan to cut the deficit by the mid-2020s, and to run a balanced budget thereafter.  It is an equally safe bet that the Leader of the Opposition will respond by calling on the government to …

Nobody can doubt the web of contradictions that beset the UK economy.  The stock market is at an all-time high; house prices are booming; unemployment is at a low last seen in the early 1970s; more people are in work than ever before.  And yet we have seen the longest …

If Chancellor Philip Hammond was hoping for some good economic news with which to kick off the Tory conference, he will have been disappointed. It was all looking so well at the end of last week when the Governor of the Bank of England, Mark Carney was drawn into suggesting …