Even Philip Hammond’s hair is more plausible than his predecessor’s. The present Chancellor’s silvery parting speaks not of vanity but of careful preparation, with no hint of deceitful tint. Likewise his body language has none of the preen and smirk that signalled George Osborne’s political gimmicks and bear-traps. Everything about Hammond says cautious and sensible, […]
If you had become Chancellor of the Exchequer out of the blue, as a result of a political upheaval that threatened to knock the economy sideways and make a mockery of all previous forecasts, you would probably take the opportunity to say you “no longer seek to deliver a surplus” within the current parliament while […]
“Carneynomics” doesn’t really roll off the tongue, does it? “Yellenomics” and “Draghinomics” sound catchier. But they all amount to much the same thing, which is activism by independent central bankers — Mark Carney of the Bank of England, Janet Yellen of the US Federal Reserve, Mario Draghi of the European Central Bank (ECB) and others […]
