Author Archives: mk242013

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Economist

More unfounded optimism from the Bank of England?

The Bank of England has produced its latest inflation report and the Governor, Sir Mervyn King, believes that there is “grounds for optimism”.  The problem with this is that the Bank has been consistently overoptimistic about the prospects for inflation … Continue reading

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Dr Carney and the UK economy

There has been lot of fanfare about the appointment of Mark Carney as the next Governor of the Bank of England.  Apparently he is the Lionel Messi of central bankers who will transform the state of the British economy.  He … Continue reading

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The Benefits of a Plan B: Lessons from the Interwar Period

A reoccurring refrain in British political discourse is that there are few if any options in the conduct of economic policy.  In the 1980s, Mrs Thatcher proclaimed that ‘there is no alternative’; more recently, the Chancellor of the Exchequer, George … Continue reading

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Does Manufacturing Matter?

Prior to the financial crisis and the era of austerity, the manufacturing sector in the UK was benignly neglected by politicians of all persuasions.   But a political consensus has now emerged around the need to rebalance the economy, with a … Continue reading

Posted in economic history, manufacturing, Uncategorized | Leave a comment

Austerity: we are not all in it together

Available at the OUP Blog

Posted in economic policy, regions | Leave a comment