The IMF recently downgraded its growth forecast for the UK following the escalation of conflict between the US/Israel and Iran. All major economies saw downgrades, but the UK’s was the largest. Even so, the IMF still expects the UK to be among the better-performing advanced economies. That didn’t make the headlines. Instead, we got the … Read more
What happened in the budget? Last week Rachel Reeves delivered the Government’s latest budget. It arrived amid a fog of leaks — some accidental, others clearly not — and a week of breathless speculation about market panic. In reality, there was a modest increase in the interest rate the Government pays on its borrowing. But … Read more
This is the most boring blog you’re ever going to read. Truly dull. It contains some very big numbers and zero sex appeal. And yet, it marks a fundamental shift in how government works in the UK—a quiet but far-reaching change that’s been unfolding over the past year and underpins the most recent Government Spending … Read more