PML's Macro Focus
Chief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 129 | Founded | 2 years ago | Last Issue | 4 days ago |
| Active | |||||
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mortimerleepaul.substack.comLatest Issues
“Europe” is Not an Economic Strategy
Key Points:
- Europe is not an economic strategy. From Heath joining the EEC, through Major’s ERM experiment, to Johnson’s Brexit, successive governments have tried to solve domestic economic problems by changing Britain’s relationship w...
The political reasons for a nothing burger Budget
A shower of tiny UK Budget measures didn’t address Britain’s fiscal problems. Why not?
A credible budget would have been unpopular and would have torpedoed Burnham’s chances of calling an early general election. So the breathing space crea...
UK Budget: VAR’s Decision
By how much will the stability rule be missed?
My assessment is that annual GDP growth will be ¾–1 percentage point below the OBR forecast in each of 2028, 2029, and 2030. By 2029/30—the fiscal-rule target year—the economy would already b...
Weak Profits = Weak Investment = Weak Growth
“The profits of today are the investments of tomorrow, and the investments of tomorrow are the jobs of the day after tomorrow.” German Chancellor Helmut Schmidt
Britain has productivity, investment, growth, and a significant profit problem...
John Healey’s Dickensian Christmas.
Chancellor Healey must think Santa has come early this year, ahead of next week's budget. UK growth averaged 0.6% q/q in the first half of this year, fuelling hopes not only of higher growth in the immediate period ahead, but also of faster...
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Chief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.
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