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Macroeconomics: UK economy, IB Economics

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Macroeconomics: UK economy, IB Economics

A brief overview of relevant articles for IB and A-Level all relating to the UK economy

Curated by Graham Watson

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Bank of England ‘blindsided’ by Kwasi Kwarteng’s mini-budget, says governor | Andrew Bailey | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - November 30, 2022 4:26 AM

Graham Watson's insight:

I'm amazed there's not bee more coverage of the Governor of the Bank of England's testimony to the House of Lords economic affairs committee.

Read the following quotation: “I’m afraid there was parts of it we had no idea what was in it,”...“There was no formal communication of the sort we normally have. It was a quite extraordinary process in that sense.

Does this strike you as coherent policymaking?

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From www.bbc.com - September 3, 2018 2:32 AM

Graham Watson's insight:

I loved this story yesterday. If the Treasury had forecast the state of my health, then I'd be concerned. However, apparently we've got to believe the opinion of a GP about the state of the economy over Treasury forecasts these days.

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Bank of England ‘blindsided’ by Kwasi Kwarteng’s mini-budget, says governor | Andrew Bailey | The Guardian

Brexit deal: Fox refuses to back Hammond's warning