Ed Conway

This morning two professors from University College London published a report [http://www.cream-migration.org/files/FiscalEJ.pdf] tallying the cost to the Exchequer of immigration. As occasionally happen when complex reports are inflicted on Fleet Street, the study elicited two vastly contrasting stories in today’s newspapers. Version one,

So Farewell then, Quantitative Easing. The six most tiresome syllables in the English language have left the building. For the first time since the early days of the financial crisis, there is no major central bank around the world actively engaged in this experimental policy of creating money and buying

Every so often the New York Times gets a bee in its bonnet about the UK economy. Not all that long ago their main concern was George Osborne’s austerity policies, which they claimed were causing irreparable damage [http://www.nytimes.com/2013/10/03/opinion/learning-the-wrong-lessons-about-austerity.html] . Subsequently, in

It’s a rum state of affairs when Britain is apparently punished for having a strong economy. After all, we’ve spent the past five or six years telling ourselves that all we desperately need is a bit of growth. And yet that’s how things look today, with the

Here is a chart, part nicked from the OBR’s latest Forecast Evaluation Report [http://budgetresponsibility.org.uk/forecast-evaluation-report-october-2014/]and part updated with the latest market projections. Very simply, it shows you how markets’ expectations for interest rates have changed rather radically over the past few years. So, for instance,