This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- Red Alert Klaxon. Le Spread exceeds 150 b

This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- Red Alert Klaxon. Le Spread exceeds 150 b

Earlier this week the UK received some better economic news which is welcome in these strained times. Real gross domestic product (GDP) increased by 0.5% in Quarter 2 (Apr to Jun) 2026, following a 0.6% growth in Quarter 1 (Jan to Mar) 2026. Real GDP was 1.4% higher than a year earlier. There was an upwards revision of 0.1% meaning that the UK has had a relatively strong start to 2026.

Today there is only one story in the economic  world and it was something I warned about on social media just under a week ago. For younger people who have never lived through a bond market crisis. Well you are about to....... There had been a steady drip drip but it just felt that we were on the edge and so it has proven to be.

Sometimes ideas come to fruition at the time but others have a much longer gestation period. My subject of today is an example of the latter as it was back in March 2012 that Chancellor George Osbo…

It was only on the 21st of this month that I looked across La Manche to France and we were right to be concerned because to coin a phrase the heat is on. …it’s continuing to widen on th…

It was only on the 21st of this month that I looked across La Manche to France and we were right to be concerned because to coin a phrase the heat is on. ...it's continuing to widen on the OAT-Bund spread We're approaching 115 bps (1.15%)  (Alexandre Baradez ) He also produced a rather revealing chart. So back to the levels of the Euro area crisis and the days when the then ECB President Mario Draghi said this.

Yesterday Bank of England policymaker Swati Dhingra wrrote an opinion piece in the Financial Times. This is another example of low standards at the Bank of England because public servants like her have a duty to make sure that policy relevant work is freely available and not behind a paywall. But via TU news we can see that on the subject of energy policy she is not only out of touch but encouraging another policy error.

If you were around Princes Street this morning you may have seen a young research student skip their way from Bank tube station to the Bank of England with a beaming smile on their face. Being able to stand in front of Governor Andrew Bailey with news like this is this sort of thing that gets your contract renewed on improved terms.

This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- Q for today. Is the rumoured change in CG

This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- Q for today. Is the rumoured change in CG

We live in times where the truth is an increasingly precious commodity and jet me start via some nonsense about the Bank of England from Dale Vince. Britain’s banks are super successful at making money. That makes them a target every now and then for a windfall tax. But their success is built on subsidies, massive taxpayer subsidies running to the tune of £30billion a year, paid by the Bank of England - as interest on their cash piles.