Below are my full responses to the FT’s annual survey about the British economy. These, along with the other respondent's, can be found on the FT's website. Will the UK fare better or worse than other G7 economies in 2025 and why? I expect UK growth to disappoint this year, around 1 per cent....

On Friday 08th November, I gave a keynote speech at the annual conference of the China International Finance Society in Beijing. The other foreign keynote was by Jeffrey Sachs. I discussed the world economy and the future of UK-China ties. One observation was while senior Chinese officials dislike...

This article was first published on the CapX on 30th October 2024. This was a tax, borrow and spend Budget. Taxes and borrowing are up to fund increased public spending and higher public investment. The Budget contained 70 specific tax and spending measures. The net fiscal boost over six fiscal...

This op-ed was first published in The Times - 01st October 2024 Rachel Reeves, the chancellor, wants to address the UK’s low rate of investment. Ideally, this should include incentivising the private sector and requires the City to pull its weight in closing funding gaps. It also requires higher...

It was great to speak about economic and financial issues at the 7th China-UK Economic and Trade Forum in the City. Hopes are building for the UK-China Economic and Financial Dialogue to be back on track in the new year.

I spoke to Sky News (from 08:17 minutes), noting that a risk premium has not been added to UK assets but markets are wary of the economic and borrowing numbers - and how far rates will fall. https://www.youtube.com/watch?v=e9n9MvvQNiw

I joined The Telegraph's Liam Halligan and Allison Pearson to discuss the Budget. Listen to my c.20 minute interview below (09:35-27:28 minutes). In short, boosting pubic sector investment was the Chancellor's focus. Unless growth moves materially higher, addressing the overhang of debt will...

This was first published in The Times - 20th November 2024. Putting economic turning points in a historical context can be insightful. Rachel Reeves began her budget referencing 1945, 1964 and 1997, three years when Labour took power from the Conservatives in the postwar era. Although she didn’t...

This was first published on Netwealth - 01st November 2024 The Chancellor began her Budget speech by putting it in a historic context, citing 1945, 1964 and 1997, three years in which Labour regained power in the post-war period. The only other year in which Labour also achieved that was 1974, and...

I was interviewed by James Naughtie regarding the Chancellor's options for the Budget. Listen here from 11:45 - 13:53 minutes.