The Financial Times questioned economists for its annual publication of economic forecasts: “With unemployment at a 40-year low, how much of a pay rise will British workers get in 2018?” (See here: https://www.ft.com/content/98ce5e72-ebd9-11e7-bd17-521324c81e23) PRIME economists responded thus: The fall in real wages while employment has fallen and employment has risen is a consequence of sustained hyper-globalisation
The Financial Times asked economists the following: How far will the Bank of England raise interest rates next year? Do you think they should? PRIME economists responded in this way: We think much will depend on the Federal Reserve and the ECB. The BoE will follow both, but will have time to assess the impact
Will the Bank of England Raise Interest Rates in 2018? Read More »
PRIME (Policy Research in Macroeconomics) economists were asked by the FT “How fast do you think the UK economy will grow in 2018 and how will this compare to other countries?” (See here: https://www.ft.com/content/ceb165ee-ebb5-11e7-bd17-521324c81e23) We replied as follows: The end of 2017 witnessed, in our view, the top of the global asset bubble. Rupert Murdoch’s decision to
2018 Economic Forecast for the FT: Will the UK Economy Grow? Read More »
2017 will of course be remembered as Year 1 of a deceitful, authoritarian, racist, misogynous US President. But it is also inspirational for a global women’s uprising, launched in the UK with the London Women’s March in January. The economic surprises of 2017 were the strength of the global cyclical upturn including in the Eurozone
“The “nature of money” is the most important factor, Pettifor says. She believes that the common view of banks is that they act as intermediaries between patient savers and impatient borrowers, but “banks haven’t done that since 1694,” she says. If this were the case, she adds, then “we wouldn’t have a massive expansion of
Interview with ‘The Actuary ‘- Journal of the Institute of Actuaries: “Prophet and Loss” Read More »
The following was published by David Thorpe on the FT’s Adviser blog, and can be found here: https://www.ftadviser.com/investments/2017/11/30/obr-accused-of-damaging-uk-economy-with-productivity-data/ The Office for Budget Responsibility (OBR) and others including the government are wrongly focusing on the UK’s weak productivity growth in a way that is harming the future economic prospects of the country, according to Ann Pettifor, director
OBR Accused of Damaging UK Economy with Productivity Data Read More »
On Wednesday 29 November 2017, PRIME’s director, Ann Pettifor, gave evidence at the Committee’s invitation to the UK Parliament’s Treasury Select Committee, together with Professor Jagjit Chadha, Director, National Institute of Economic and Social Research and Paul Johnson, Director, Institute for Fiscal Studies. A verbatim report of the discussion can be found on the Select Committee’s
In this piece, written for International Politics and Society, I argue that the global investigation into the “Paradise Papers’ has created an opportune moment for wider debate about how the increasingly corrupt and out-of-control global financial system can be tamed. It is time, I argued, that tax-paying citizens recognised their power to create change, and to manage
This article was first published on the Prospect magazine website on 15th October 2017 “Strong and stable” seems of a world so far, far away. Yesterday’s Daily Mail headline “PM slaps treacherous Chancellor down” portrays a government in political chaos. Thanks to open, unresolved intra-Brexiteer warfare, ministers are unable to agree the basics of how to exit
How to Weather the Brexit Storm? Focus Less on trade, More on Investment Read More »
The following article appeared in Red Pepper magazine on 08 August, 2017 I know exactly where I was on 9 August 2007. A hot summer’s day – ‘debtonation day’. Bankers all over the world had lost their collective nerve and refused to lend to each other. The globally synchronised financial system froze, and began
The Economic Crash, 10 Years on from the Credit Crunch 2007 Read More »
