Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Would the Pound have fallen without Brexit?Posted on October 14, 2016
Apologies for lower posting volume recently. I am writing a book, which will be published some time in 2017. Also, in the past week I have been in New York, which has been a harsh lesson in the impact of a falling value of the Pound. Though fortunately, I earn some money in US dollars …...More
Benefits of Central Bank IndependencePosted on October 6, 2016
Monetary policy (mainly interest rates) used to be managed by the government. However, in recent years, there has been a trend to give monetary policy to independent Central Banks. The Central Bank officials are appointed by government and are given broad guidelines (e.g. target low inflation). But, the decisions are left to Central Bankers and …...More
Winners and losers from a weak PoundPosted on October 4, 2016
The Brexit vote has led to sharp fall in the value of the Pound, at one stage falling to £1 = $1.22 – a fall of over 15%. This will have a significant impact on British firms, consumers and also those outside Europe. In short: Winners from weak Pound UK exporters who will be more …...More
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