It’s the energy price stupid July 12, 2024 It’s not just the Conservatives, governments across the Western the world are being punished for failing to manage expectations in the face of an energy price shock, writes Paul Ormerod The scale of the Conservative defeat in the election has been amply documented. But what has been mentioned much less is the fact that they [...]
Keir Starmer could be more like Harold Wilson than Tony Blair June 26, 2024 Comparisons with 1997 start and finish with the polls. Unlike Blair, Starmer will inherit an economy in desperate need of a sharp turnaround, says Paul Ormerod Labour’s massive lead in the opinion polls is generating many parallels with the 1997 election. Will Keir Starmer end up with a bigger majority than Tony Blair or not? [...]
FTSE 100 today: London markets likely to soar on the heels of global tech rally January 19, 2024 Global stocks surge in a tech rally, oil prices dip, and Bitcoin hits a five-week low. Attention now shifts to UK retail sales and U.S. Michigan Sentiment data.
Oil price rally unlikely to hit $100 per barrel milestone this year, experts say August 14, 2023 Oil prices are unlikely to hit $100 per barrel this year despite a seven-week rebound and tightening supplies this year, experts predict.
Oil prices boosted by six weeks of gains as supplies tighten worldwide August 6, 2023 Oil markets will open trading on Monday having recorded six weeks of gains across both major benchmarks, as tightening supplies bolster prices.
Daunting task of improving public services is the real challenge for next government October 11, 2023 The SNP has faced the consequence of sheer incompetence with their resounding by-election defeat but dissatisfaction with public services is rife south of the border too, writes Paul Ormerod
Taxes have never been so high but it’s still not enough for some October 4, 2023 While tax levels reach a historic highs and public spending soars, public sector workers are striking for more pay. Paul Ormerod argues that we've forgotton who pays for those salary increases.
What if the OBR is too optimistic about growth? March 21, 2024 Chancellors preparing for Budgets fret over their fiscal headroom, but what matters in the long-term is the trend rate of growth. And if the OBR has it’s projections wrong, there will be big consequence for the next government, says Paul Ormerod The Office for Budget Responsibility (OBR) published its economic and fiscal outlook document in [...]
COP28: Net zero may need City to mobilise ‘trillions of pounds’, Rishi Sunak says December 1, 2023 Transitioning to net zero won’t happen “without mobilising hundreds of billions, if not trillions of pounds” of public and private investment, Rishi Sunak said on route to COP28.
Omicron hit to economy: New Covid restrictions may cost businesses £4bn in December December 9, 2021 The UK economy should brace itself for a £4 bn a month hit and see taxpayers foot the bill for more emergency support as new Covid restrictions to clamp down on the spread of the Omicron variant come into force, a think tank has warned. The right-wing Institute of Economic Affairs (IEA) said Plan B [...]