Economy
My views on economic policy and the financial sector. I've campaigned with Christians on the Left on bank reform to separate risky banking from the banks which handle retail deposits.
Spare a thought for finance ministers, and the opposition counterparts who aspire to replace them. The conventional wisdom was that they should at least make an attempt to follow fiscal rules. Now, there are no rules.
The Article, 4 March 2021
 Economic Policy 
My letter in the Financial Times on the need for a framework for economic policy decision-making.
Financial Times, 23 February 2021
My contribution to Aftershock, Policy Network's series on the pandemic. Progressives have much to learn from ethical or 'ESG' investors.
Policy Network, 1 October 2020
Responding to Brian Griffiths' article in The Article on the risks of inflation.
The Article, 14 August 2020
Comments made to This is Money
The government is paralysed, and without a clear sense of direction the markets will remain shaky.
Progress, 16 November 2018
My response for the Fabian Society on the Budget, and those forecast downgrades from the OBR.
Fabian Society, 24 November 2017
A stronger opposition would be well-placed to pressure the government on its faltering economic record.
Progress, 24 March 2017
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 Credibility Deficit 
Spare a thought for finance ministers, and the opposition counterparts who aspire to replace them. The conventional wisdom was that they should at least make an attempt to follow fiscal rules. Now, there are no rules.
The Article, 4 March 2021
My contribution to Aftershock, Policy Network's series on the pandemic. Progressives have much to learn from ethical or 'ESG' investors.
Policy Network, 1 October 2020
Neither a return to pre-crash business as usual nor a politics of anti-austerity will restore Labour’s economic credibility. I outline a new economic framework to meet the challenges of our time.
Fabian Society, January 2016
My initial reaction to the government's Autumn Statement on government finances and spending.
Progress, 25 November 2015
The first Conservative budget since 1996 illustrated one lesson for Labour: how important it is to establish and maintain economic credibility.
Progress, 10 July 2015
The lessons of The Credibility Deficit, published in 2011, still apply. Here's how.
Fabian Society, 5 June 2015
As the contenders for the Labour leadership begin to set out their stalls, what are the economic questions they should be answering?
Policy Network, 22 May 2015
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 Economic Indicators 
  Time
Period
Economic
Measure
Annual
Change
CPIH Jan 21   +0.9%
RPI Jan 21   +1.4%
Unemployment
% adult workforce
Dec 20 5.1%  
UK GDP
% change
Q4 20 +1.0% -9.9%
Public Debt
% of GDP
Jan 21 97.9% Info
Public Borrowing
year to date
Jan 21 £270.6bn Info
  Info from the Office for National Statistics.
 Economic Blogging 
Fiscal targets explained...
Labour deficit cutting - the £50bn question
The decline in real incomes continues
GDP - a long way to catch up
UK productivity revised
 Latest 
A fiscal No Man's Land: Modern Monetary Theory and the Budget 
Some Humility is in order for years of austerity 
Stephen Beer leaves the CFB 
Progressive investing 
Fixing The post-Covid economy