In search of affordable housing

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The price of housing in emerging economies and the West has surged since the financial crisis. According to the Organisation of Economic Cooperation and Development (OECD), house prices in the richer, industrialised nations that make up OECD member states, have risen 26% since the trough in 2009. Emerging market economies have seen far greater increases.

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Posted on 30/07/2018

In pursuit of abundant, well paid work

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Britain’s recent record on growing productivity and wages has been lacklustre. In the UK GDP per hour worked, the main measure of productivity, has risen by just 2.2% since 2010, less than a third the rate seen in Germany.

 

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Posted on 23/07/2018

Equities: From exuberance to caution

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The behaviour of the equity market provides useful signals about where investors think the global economy is heading. As we move into the second half of 2018 here’s our mid-year assessment of what equity markets are telling us.

 

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Posted on 16/07/2018

Summer Reading List

Summer
With the holiday season upon us we are launching our summer reading list. All are available free and on-line. You can save these articles on your iPhone or iPad's reading list by opening the links on Safari and tapping on the share icon (the box with an arrow). To print these articles please use the print icons, where available, on the webpages to ensure proper formatting.

 

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Posted on 09/07/2018

UK CFOs defensive and watchful

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The second quarter Deloitte survey of UK Chief Financial Officers released today reveals growing concerns about Brexit and a marked shift towards more defensive balance sheet strategies.

 

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Posted on 02/07/2018

Emerging markets and the end of cheap money

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There’s never a shortage of things that could go wrong with the global economy. One that’s joined the list in recent months is worries about the health of some emerging market (EM) economies. In a sign of unease nervous investors have been pulling money out of EM equity and bond funds. What’s happening and why does this matter for the rest of the world?

 

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Posted on 25/06/2018

UK update

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UK activity has softened since the vote to leave the EU.  The UK slowdown has been pronounced, though less severe than widely predicted on the eve of the referendum, and has left the UK slowing into a global recovery.

 

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Posted on 18/06/2018

Robots and jobs, ten thoughts

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I don’t recall a time when there has been so much interest and anxiety about the effects of new technology on jobs. Last week I took part in a panel discussion at the House of Commons on the future of work. These are the ideas I tried to convey.

 

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Posted on 11/06/2018

Italian lessons

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A week ago, we seemed to be on the verge of a second euro crisis with a populist mood threatening to sweep Italy out of the single currency. By the end of the week a coalition government was in place, the markets had cheered up and the newspapers were worrying about other things.

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Posted on 04/06/2018

300 years of public spending

Public spending
The changing size of the state tells the story of modern nations and the ideas that shape them.

Until the late nineteenth century the civilian state scarcely existed. In 1692, when comprehensive records for what was to become the UK started, civil spending by government came to a modern equivalent of around £90 million. A country that was about to acquire a vast empire was governed with a budget equivalent to that of today’s Food Standards Agency.

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Posted on 29/05/2018