mainly macro
Comment on macroeconomic issues
Tuesday, 27 October 2026
The Big Picture for the forthcoming UK Budget that the media largely ignores
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Budget coverage in the media is understandably all about the details. What taxes are going up or down? How do the OBR forecasts compare to...
Tuesday, 20 October 2026
The Decline of Knowledge Based Policy and the Economics Nobel
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I have structured this as a two-part post, where the second part is about one of the two winners of this year’s Nobel prize for economics....
Tuesday, 13 October 2026
Interest rates and Budget Deficits
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In the weeks surrounding the UK budget you will hear a great deal about the link between the UK budget deficit and interest rates on UK go...
Tuesday, 6 October 2026
Misconceptions following Burnham’s speech
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The Prime Minister’s conference speech was a week ago, but there is still plenty of confusion about how it should be interpreted. Indeed t...
Tuesday, 29 September 2026
Populist tendencies on the UK left, and the puzzle that never was
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Don’t shoot the messager The Treasury Select Committee (TSC) has just published a report on the Office of Budget Responsibility, the ...
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