The Guardian’s Post

Understanding the UK economic year through five graphs #finance #financial #finanzas #finanza

The current state of the markets remains stable, with no signs of collapse and a strong British currency. Larry Elliott, the Guardian's economics editor, draws parallels between a potential future Labour government and the historical context of a shift in power from a long-standing Conservative rule. He likens the economic challenges and ambitions of Sir Keir Starmer to those faced by Harold Wilson in the 1960s. Both leaders aimed for significant economic growth, with Starmer aspiring for the UK to become the fastest growing economy in the G7. The article suggests that while historical patterns may repeat, there is a possibility for a more favorable outcome for Starmer.

When leaders gather to sculpt the future, every detail counts. In the bustling corridors of the U.S. Treasury, amid the grandeur of Washington DC, the “Five Finance Ministers” convened, setting the stage for a discourse that would echo across oceans and impact economies worldwide. #climateresiliencefinance #digitalmoneypolicies #economicresiliencestrategies #economicsecuritycollaboration #EMDEsforeigndirectinvestment #G7economicagreements #globaleconomicchallenges #globalsupplychainstability #multilateraleconomiccooperation #OECDeconomicreports

📉 Brexit Impact on Business Investment: Bank of England's Warning Important economic update! Bank of England Deputy Governor Dave Ramsden has highlighted the lasting impact of the Brexit vote and subsequent political uncertainties on business investment in the UK. Speaking before the Commons Treasury committee, Ramsden expressed concerns about the noticeable chilling effect on investment levels, contributing to a lower economic "speed limit" compared to other leading nations. As Chancellor Jeremy Hunt prepares to unveil measures aimed at stimulating business investment in the upcoming autumn statement, this revelation raises crucial questions about the nation's economic trajectory. With historical challenges compounded by the COVID-19 pandemic and government policy shifts, the UK faces a critical juncture. Stay connected for Chancellor Hunt's announcement and further insights into navigating the complex landscape of business investment post-Brexit. 🌍📈 #BrexitImpact #BusinessInvestment #EconomicOutlook #TopAccoladeNews

The premise of this article is that Australia has “unique economic challenges”. Yet, I am pretty sure that inflation, productivity growth, and the need for fundamental tax reform are global issues. As for the budgetary “problem”, methinks too many of the respondents carry “scars” from the old days, when John Pitchford scared all and sundry with the “twin deficits” theory, which like “monetarism” infers causation from what is effectively an accounting identity. Australia does not have a fiscal problem, or a government debt problem, compared with other developed countries. The obsession with the RBA review is also interesting. The Fed sets global rates; all the RBA can do is fiddle at the edges. Group think is clearly a problem - too many “lifers”, too many “disciples” of Stanley Fischer - but the scope to do any material damage is very limited.

In his latest article for The Times, Panmure Gordon's Chief Economist & Head of Research, Simon French gives his insights on the Chancellor’s options for capital markets reform in the upcoming Autumn Statement. "Whilst we should be cautious of government-mandated investment decisions, if there is a positive social and economic spillover from supporting UK companies then schemes that are underwritten by the taxpayer should be encouraging that outcome. This is consistent with the way the Treasury have been encouraged to take a “whole economy” view as part of the government’s Levelling-Up agenda." Read the full column here: https://lnkd.in/evcVJvUE   #PanmureGordon #Economics #TheTimes #UKEconomy #EquityMarkets  

We really do have to stop talking about the economy as if it were a living being. It is NOT. ·    it does NOT bleed ·    it does NOT have feelings, thoughts or obligations ·    it does NOT possess any ethics or a moral compass ·    it does NOT have any objectives The economy is an inanimate construct that has been designed by people and their communities – or society. In particular, society writes the rules and sets the range of acceptable behaviours under which economic activity is permitted to be undertaken. These rules need to be consistent with the objectives we wish to achieve, and importantly, should reflect the ethics and moral compass we wish to live by. https://lnkd.in/ebCp-WKa

The Institute for Government's new report delves into the debate surrounding the Treasury's influence on UK economic policy. It scrutinises the claims of 'Treasury orthodoxy', assessing its role in government decision-making and policy outcomes. This insightful study offers a nuanced perspective on the balance of power within the government and the implications for fiscal strategy and transparency. A compelling read for professionals in economics, public policy, and government administration. Uncover the findings at https://lnkd.in/eF2FgRD5

I learned so much from "A Monetary and Fiscal History of the United States, 1961-2021" by Alan Blinder, an economics professor at Princeton University and a former vice chair of the Federal Reserve Board. He documents the decisions, political tensions, and ideologies during the past seventy years--a fascinating drama. I believe it is an important book for business professionals and thoughtful voters--because monetary and fiscal policy can affect millions of people, for better or worse. Blinder's excellent help us to avoid unproven economic ideologies and fads that sound good in campaign speeches but lead to long-term negative economic outcomes (e.g. tax cuts and "trickle-down economics"). If you don't have time to read the book, you can read our review here: https://lnkd.in/gSeZ9JSP

The #SpringBudget delivered a new opportunity for tax-efficient investing – The British ISA is aimed directly at #investors potentially helping to stoke the fires of the British #economy. There have been several ISAs made available to investors over the years - how popular will this one be? As ever, the devil may be in the detail: https://ow.ly/9pZv50QQ5kO #BudgetMatters #SpringBudget2024 #tax #wealthmanagement #investment