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UK Politics: Sunak Shines
Over the past three weeks, UK Prime Minister Rishi Sunak has scored some significant successes, which have registered with the electorate. However, he still has a mountain to climb if …
UK: Imagining Spurious Fiscal Space
The UK Budget cancelled energy price hikes, as expected. Investment and pension allowance reforms neutralise borrowing changes between 2024 and 2026.Residual fiscal space beyond that is politically desirable to keep …
UK: Data Issue Hawkish Reminder
The UK unemployment rate remained at 3.7% again in Jan-23. Ongoing resilience amid high vacancies indicates it may resist rising in Q1, extending cyclical excesses.Inflated pay settlements continue to drift …
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