Some might call this poetic justice. Others, a tragicomic British economic muddle. The UK government’s policy mistakes will require more severe macroeconomic tightening than would have otherwise been necessary before the ill-fated 23 September budgetary measures, according to Nick Macpherson, a well-regarded former head of the UK Treasury. In a lecture in Edinburgh on 1 November, Macpherson delivered in diplomatically assertive language a harsh judgement on Liz Truss and Kwasi Kwarteng, respectively the former UK prime minister and chancellor of the exchequer.
Sunak’s priority is to stay afloat By Meghnad Desai The first job of Rishi Sunak, Britain’s new prime minister and the third in two months, is to unite his crew and steady a ship that has been holed below the waterline. He has to avoid the catastrophic errors of his predecessor Liz Truss.
MEETINGS CEE in focus: navigating through volatility Thursday 10 November, Broadcast OMFIF’s SDI hosts a high-level event focused on the Central and Eastern Europe region. It brings together leading debt management offices and investors to discuss how sovereign issuers are finding innovative ways to navigate through the volatility.
ON DEMAND In conversation with UK law commissioner on digital assets Digital assets regulation in the UK is in its nascent stage. This roundtable, hosted by the Digital Monetary Institute and the UK Law Commission, explores the potential directions in which the UK legal system could go.
LATEST REPORT Digital assets: Regulation and infrastructure for an evolving economy This report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue.
