Summary Financial markets have been in crisis mode ever since the budget. Institutions called on the bank of England to step in, which they did, but were we ever any close to a catastrophe? This week’s chart analyses the impact that instability in the bond market had on defined-benefit pension funds. What does the chart […]
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Russian Oil and Gas at a Time of War
Thursday 3rd November, 7pm, Online
Chart of the Week
Summary When faced with the prospect of rising interest rates, some have dismissed the potential pain it will cause by arguing that rates were much higher in the 80s and 90s. This week’s chart compares the impact on living standards that high mortgage rates had on homeowners in the late 80s to the present day, […]
Chart of the Week
Summary Kwasi Kwarteng announced a range of fiscal measures, which set a clear tone for what we are likely to see from the current government. These measures largely consisted of tax cuts. Whilst they are likely to hurt government finances, their announcement clearly shows the priority that this government places on supply-side policies. What does […]
Chart of the Week
Prior to the pandemic, a clear negative relationship existed between vacancies and unemployment. The experience of 2020 challenged this relationship and seemed to indicate labour market inefficiencies.
August 2022
As the holiday season draws to a close and we head towards September, a number of pending and actual economic train crashes will occur, following each other in quick succession. The lack of strategic thinking in the European and the UK governments will be felt with a vengeance.