Everyone agrees that, if China is to avoid the feared hard economic landing, the country needs to wean itself off its reliance on investment and infrastructure spending and pump up consumer demand instead. But this will be easier said than done.
The law of averages is the logic of the self-deluded gambler. Not really one of the qualities one would hope to find in the Chancellor of the Exchequer.
Don’t be misled by John Redwood. The cuts are real, they’ve begun, and they are set to continue for five more years.
Adam Posen’s assessment speaks very clearly. One of the reasons our economic recovery has been weaker than in the US is that the Chancellor slammed on the fiscal brakes too soon.
Andrew Goodwin, of Oxford Economics, has worked out that last year was the worst for household finances since the era of James Callaghan.
Sadly for a great many unemployed and under-employed Britons, the stuttering private jobs creation machine is all too real.
If the Bank expects the UK to return only to its long term trend rate of growth it should, logically, also expect inflation to be lower than the 2 per cent target.
Paul Volcker thinks the argument that forbidding US banks from trading British or other nations’ sovereign debt will harm those economies is bunkum. Well it’s bunkum that our Chancellor has bought.
Charlie Bean points out that those complaining about the impact of QE on their annuity rates overlook the fact that QE also boosts the size of their pension pots.
Latest from Independent journalists on Twitter