Recent Blogs




OBR lays bare Brexit costs

Today’s Autumn Statement laid bare the expected hit to the public finances from Brexit. But despite expecting to borrow an additional £122bn over the next five years, fiscal policy will continue to weigh on growth.

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Chancellor constrained by Brexit hit to public finances

In the immediate aftermath of the EU referendum, with concerns about the near-term economic outlook at their height, the prospect of a sizeable fiscal stimulus package being included in the Chancellor’s Autumn Statement looked odds on.

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Easy does it for the MPC

The precipitous fall in sterling since 23 June, which has seen only the Mozambique New Metical and the Sierra Leone Leone perform worse, was a predictable response to the referendum outcome to leave the EU. 

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Brexit: Wishful thinking

  • The UK Government is apparently looking at options to protect the car and financial services industries following Brexit.
  • But these proposals appear entirely unrealistic and aimed more at calming jittery financial markets.

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The ECB – Not the time for tapering

  • The future of the ECB’s QE programme has become a subject of intense speculation.
  • Given the underwhelming economic outlook and banana-skins ahead, the ECB would be foolish to taper.

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