Daily Briefing: Lurking behind the economic forecasts, as ever, are energy prices, sent into orbit following Russia’s invasion of Ukraine and now falling back substantially.
Daily Briefing: Falling inflation is mainly because of lower petrol and energy costs. Yet food prices are still soaring.
Central banks need to tame inflation, and if it doesn’t fall of its own volition, they will have to crush it – and growth.
Raising the minimum tax threshold from £12,500 to £25,000 would be a good place to start.
While the last six months have seen the most rapid tightening of Western monetary policy in decades, falling interest rates may be on the horizon.
Neil Collins’ Notebook: The LDI gamble comes to a head, and it’s time for the pompous OECD to savage the UK once again.
While George Osborne imposed fiscal tightening on an economy that was growing, Jeremy Hunt’s tightening will hit an economy that is in recession.
Both men forgot that, to large parts of the population, today’s benefit becomes tomorrow’s entitlement. And now for the bill.
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