Economics Articles

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 …


Benefits of Central Bank Independence

Posted 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 …


Winners and losers from a weak Pound

Posted 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 …