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Chart of the month – UK bank rate at a 326 year low – March 2020

Chart of the month – UK bank rate at a 326 year low – March 2020 | Speevr

The UK’s Bank Rate is at a 326-year low…   … with possibly more easing to follow 1.  More than ever, the world is in an era of historically-depressed interest rates. 2.  UK Bank Rate has never been lower. −      Follo…   Become a member to read the rest of this article Username or E-mail Password Remember Me […]

UK/EU: Towards extending the transition

UK/EU: Towards extending the transition | Speevr

There is the growing expectation that the Covid-19 crisis will force Prime Minister Boris Johnson to perform a U-turn and request an extension to prolong the Brexit transition period beyond 31 December 2020. This outcome is becoming likelier with every day that UK infection numbe…   Become a member to read the rest of this […]

UK: Sunak’s big moment – and he delivered

UK: Sunak’s big moment – and he delivered | Speevr

Chancellor Rishi Sunak announced a major new rescue package aimed at shoring up jobs and supporting small businesses during the coronavirus crisis. Sunak’s claim that the measures were “unprecedented” in the recent history of British politics is no exaggeration, and the chancello…   Become a member to read the rest of this article

Macro Series – Comment – War footing? Not Really

Macro Series - Comment - War footing? Not Really | Speevr

The fight against COVID-19 may be likened to a war: but in fiscal terms it is smaller. The spread of the COVID-19 virus is now dominating lives to the extent that at least two national leaders, President Macron of France and Prime Minister Johnson of the UK, and latt…   Become a member to read […]

UK: Questions mount over the effectiveness of government’s crisis response

UK: Questions mount over the effectiveness of government’s crisis response | Speevr

The government finds itself under growing pressure given its comparably relaxed approach to the coronavirus crisis so far. While other European countries have taken drastic steps to curtail public life, a ban on mass gatherings is expected to be introduced only today, and restaur…   Become a member to read the rest of this article

Macro Series – Global Letter – Easy Target

Macro Series - Global Letter - Easy Target | Speevr

The Bank of England has come under attack for cutting rates. This is unfair and misguided. Back to the bottom The Bank of England has followed the example of the Federal Reserve, and slashed its major policy rate by 50bps. UK Bank Rate is now back down at a 326-year low …   Become a […]

Macro Series – Postcard – Lessons from Liverpool

Macro Series - Postcard - Lessons from Liverpool | Speevr

Liverpool exemplifies a post-industrial syndrome that challenges many countries. The accent has gone. I have spent 50-odd years living elsewhere. But Liverpool is my birthplace and spiritual home. Much of my family still resides there. Its colourful, if latterly troubled, …   Become a member to read the rest of this article

UK/EU: Brexit means Brexit – but what does Canada mean?

UK/EU: Brexit means Brexit – but what does Canada mean? | Speevr

European Union (EU) member states are expected to agree their negotiation mandate for chief negotiator Michel Barnier by 25 February, but the main conflict lines with the UK are already on display. In public comments, UK negotiator David Frost has re-iterated the UK’s rejection o…   Become a member to read the rest of this […]