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PML's Macro Focus

Chief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.

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Artwork for PML's Macro Focus

Latest Issues

Bank of England: Wait and See II

Another great chart from Benjamin Caswell of the National Institute of Economic and Social Research (NIESR) raises the question of whether the UK labour market is slowing after a better spring. It compares vacancies published by the ONS wit...

13 days ago
8
2

AI, Entrepreneurship and UK Tax: Mismatch

Over recent years, British fiscal debate has increasingly revolved around identifying new sources of revenue from those deemed wealthy, as acknowledged by government minister Pat McFadden: "Every meeting I have is 'who can we tax in order t...

14 days ago
3
2

UK: Taxing Work to Pay Benefits

In the 1500 pages published on Monday relating to the Madelson affair, one stood out. In a WhatsApp message, Cabinet Minister Pat McFadden wrote, "Every meeting I have is 'who can we tax in order to pay benefits to others?' They're asking t...

15 days ago
6
1

UK: If this is Neoliberalism, What does Socialism look like?

In a recent Times article, Andy Burnham argued that many of Britain’s problems stem from neoliberalism. It is a fashionable diagnosis. Whenever Britain fails to build houses, improve productivity, fix the NHS, or raise living standards, som...

19 days ago
16
6

UK: Drill baby, drill

Tony Blair’s “Ode to Radical Centrism” (i.e., his own approach) covers many points, some good, some much less so. The best is his call for Labour to reverse its policy of having no more drilling in the North Sea - or at least, the British s...

20 days ago
8

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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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