Government bond yields in most advanced economies reached record lows this week, with ten year German bond yields entering negative territory for the first time ever.
This week marks the fifth anniversary of the Economic Research Council's Chart of the Week.
Apart from the normal and incalculable unknown unknowns, a possible debt explosion or a Putin play, 2016 is likely to see a steady improvement in the economic environment. 2 to 3% growth with near zero inflation is really quite benign....
Spending on research and development has been comparatively low in the UK for some time, but it has decreased since the financial crisis.