Economics Editor of Sky News, columnist at The Times. More about The Summit here: t.co/4Dntq0cJlj

Losing it - Medium

medium.com — There's a saying in international economics: "no government ever lost anything by lending money to the IMF". It's a saying David Cameron trotted out when Britain put money in the pot to support the Eurozone bailouts. And, for the most part, it's a saying which absolutely holds true.

Minority government could be good for us all

thetimes.co.uk — Ignore the prophets of doom - you don't need majority party rule to have a flourishing economy and better politics Five years ago, with the 2010 election approaching, George Osborne was asked what a hung parliament would mean for the United Kingdom.

Are interest rates EVER going up?

biffed.co.uk — Today David Cameron became the first Prime Minister since Clement Attlee to serve a full term without any change in Bank of England interest rates*. That's quite something, given not all that long ago a lot of people were thinking the Bank would start to yank borrowing costs up just before the election (causing a fair amount of stress in Downing St).

Ed Miliband vs London's mental property market

biffed.co.uk — You might have noticed that London's property market has been going CRAZY for the past few years. The upshot is that by some measures the capital has the mother of all property bubbles - and there are some indications it is already bursting.

It’s obviously not the economy at all, stupid

thetimes.co.uk — The one factor that is supposed to play the biggest part in elections has had virtually no impact in polling so far Of all the clichés in the political lexicon, few are as deceptive as the one coined by James Carville, Bill Clinton's election strategist in 1992: "It's the economy, stupid."

We don’t need cash. Let’s abolish it outright

thetimes.co.uk — Facing negative interest rates, people are stockpiling money in warehouses. Better that we take a more radical approach I hate to pry, but how much cash have you got on you right now? If the Bank of England is to be believed, the answer is about £1,000.

How the poorest got hit hardest by coalition policies

medium.com — The post-Budget briefing at the Institute for Fiscal Studies is one of those rites of passage for economics reporters. 24 hours on from the Budget itself, the reporting press (and much of the economic intelligentsia) crushes into a small underground briefing room near Goodge Street and attempts to retain concentrate as the country's most highly-regarded boffins explain what really went on in the Budget.

Budget 2015 in charts

medium.com — Few Budgets are more political than a pre-election one - but there is still a fair bit of economics underneath the surface. So let's ignore the verbiage and have a look at the story of the Budget told through some of the charts in the documentation released today by the Treasury and Office for Budget Responsibility.

Substance vs spin - how the Chancellors compare

medium.com — In my Times column this morning [£], I mentioned a little bit of research I've put together analysing the proliferation of non-measures in Chancellors' Budgets over recent years. I wrote: There is a rule of thumb in fiscal policy that says any tax or spending measure which costs or brings in less than £500 million a year is pretty inconsequential in the grand scheme of things.

Osborne & Little economic growth

medium.com — Had things worked out differently, George Osborne might have been running the family business these days, selling Osborne & Little wallpaper to fit the homes of the well-to-do around the country. Instead, he is mid-way through another renovation job, attempting to turn the UK economy from a financial crisis damage case into a world beater.
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Apr 18, 2015

Poul Thomsen: IMF will cut its Greek economic growth forecast (again); EU must beware of Grexit. Full interview here youtube.com/watch?v=OoSCuw…

Apr 18, 2015

First country not to pay back an IMF loan (eg go into arrears) was Cuba in 1959. Angola was longest hold-out (23yrs) pic.twitter.com/BzeeJHox8F

Apr 18, 2015

Thomsen says Fund originally “underestimated the negative impact on growth.” Blames it on political crises in 2011/12 and 15. Not programme

Apr 18, 2015

Thomsen: “Will undoubtedly have to revise down assumptions [for Grk GDP]. Difficulties in agreeing programme are taking toll on the economy”

Apr 18, 2015

Just interviewed Poul Thomsen, IMF Europe head: “Grexit would have v severe implications for Greece. Assumption is this will not happen.”

Apr 18, 2015

RT @TheLitMind: Recently heard the engaging @EdConwaySky speak about his new book, The Summit. Can't wait to learn more about the drama at Bretton Woods!

Apr 17, 2015

Just interviewed @George_Osborne here in Washington: on Greece, UK employment, election & unfunded pledges. Will be on @skynews v soon

Apr 17, 2015

Osborne on Greece: “Clear a misstep on either side could easily return European economies to perilous situation we saw three years ago.”

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