RT @D_Blanchflower: Ok I exaggerated a bit ... I think Haldane is clueless
Andrew Sentance Tue 01 Dec 2020 13:05

RT @summerton_econ: Speedy analysis ? of the 10 point plan by colleagues @CambridgeEcon confirms what we’d expected. The measures announced…
Andrew Sentance Tue 01 Dec 2020 10:35

RT @SimonFraser00: 1/6: A short #Brexit retrospective as we enter the last month. Four and a half years ago we started down this path with…
Andrew Sentance Tue 01 Dec 2020 06:29

In days gone by we put up a modest Christmas tree, and paper chains made by family members. Now Christmas decorations are a visual arms race between neighbours to see who can organise the most ostentatious flashing lights outside their house. A sad reflection on modern society.
Andrew Sentance Mon 30 Nov 2020 17:54

Decorating your house with outside lights at Christmas is a bad idea. A waste of money (electricity bill), bad for the environment (global warming) and annoying for the neighbours. However, in our road people seem to be competing to light us up like Oxford St. I despair!
Andrew Sentance Mon 30 Nov 2020 17:39

It is highly irrational for fishing - a very small sector in the UK and other EU economies - to prevent a mutually beneficial #Brexit trade deal between the UK and EU-27. Let us hope rationality prevails this week or soon after.
Andrew Sentance Sun 29 Nov 2020 17:28

A characteristic of the #Boris gov’t approach to #Coronavirus is its knee jerk and badly prepared responses leading to lurches in policy which confuse the public. The latest announcements on the Tier system are just the latest example - which has been very damaging.
Andrew Sentance Fri 27 Nov 2020 09:01

Can anyone direct me to a source of information on which tiers different parts of England will fall into?
Andrew Sentance Thu 26 Nov 2020 12:05

RT @albrummer: Britain's 0.7pc ODA assistance gave the UK real authority and influence at the World Bank and other global institutions. It…
Andrew Sentance Thu 26 Nov 2020 08:55

The elephant in the room is not being discussed when it comes to public spending - pensions. The triple lock will cost the UK gov’t much more than indexing public sector pay next year. Why was this not mentioned in today’s statement by @RishiSunak?
Andrew Sentance Wed 25 Nov 2020 18:29

Has anyone noticed that Rishi Sunak announced this afternoon that UK spending will be around $1 trillion or more for the foreseeable future. That means cheese-paring of the aid budget and public sector pay - which will save just £6bn (0.6 percent) of total expenditure is futile.
Andrew Sentance Wed 25 Nov 2020 17:54

RT @tompeck: Now, you’d think, would be the time for @RishiSunak finally to lay out the great opportunities of Brexit. We will need them mo…
Andrew Sentance Wed 25 Nov 2020 17:39

Why do Chancellors spoil their fiscal announcements with financially meaningless political symbolism? We have seen this again today with the aid cut and public sector pay freeze. Has @RishiSunak learned nothing from the mistakes of his predecessors?
Andrew Sentance Wed 25 Nov 2020 17:29

RT @PaddyBriggs: An economist who knows his subject speaks.
Andrew Sentance Wed 25 Nov 2020 17:24

RT @jhawksworth5: New OBR forecasts imply the economy will be about 3% smaller in 2025 than projected before Covid hit the UK. Implies unde…
Andrew Sentance Wed 25 Nov 2020 16:29

RT @AlpeshPaleja: So OBR's GDP growth forecasts are: 2020: -11.3% 2021: 5.5% 2022: 6.6% 2023: 2.3% 2024: 1.7% 2025: 1.8% GDP hits its pre…
Andrew Sentance Wed 25 Nov 2020 15:09

Not clear that public sector pay freeze or overseas aid cut were needed in the Spending Review today. Without them borrowing might have been about £6bn higher than the £164bn projected. Looks like token penny-pinching which will make little impact on the financial position.
Andrew Sentance Wed 25 Nov 2020 14:19

Appearing on @BBCNews around 2.30pm to give my verdict on Rishi Sunak’s Spending Review.
Andrew Sentance Wed 25 Nov 2020 14:14

Borrowing figures in today’s Autumn Statement point to a deficit of £100 bn in the mid-2020s, around £50bn above a sustainable level. This is the fiscal “hole” Rishi Sunak or his successor will need to plug in future years with tax rises/spending restraint (or both).
Andrew Sentance Wed 25 Nov 2020 14:09

Public spending review today suggests that from 2022/3 UK government will be spending 42 percent of GDP compared with 40 percent before the crisis (2019/20). That is an extra £45-50bn of annual public spending which will need to be either reined in or matched by higher taxes.
Andrew Sentance Wed 25 Nov 2020 13:59

RT @kien1974: Tiers literally make NO SENSE. Say London is Tier 2. I can watch a gig with 1k people or a footie match with 2k people, or go…
Andrew Sentance Tue 24 Nov 2020 08:13

RT @julianHjessop: Usual rogues gallery of "top economists" in the Daily Mail today: @PJTheEconomist, @asentance, @DMcWilliams_UK ... oh #…
Andrew Sentance Tue 24 Nov 2020 08:13

After listening to today's statement from #Boris about releasing the lockdown from 2 Dec, this is what I think it implies for the output of the UK economy. A reasonable rebound in December, but Q4 GDP still down by 3.1pc on Q3. 2020 GDP down 11.4pc on 2019. https://t.co/fZqTRUfz7q
Andrew Sentance Mon 23 Nov 2020 18:07

A typical #Boris statement today. More questions than answers at the end of it. And he wasn’t able to answer the questions!
Andrew Sentance Mon 23 Nov 2020 17:17

How many Winter Plans are we going to get from this gov’t? End Sept - Rishi Sunak’s Winter Economic Plan which has been revised several times since. #Boris announced his Winter Plan today - to be updated later this week. Rishi will be outlining another economic plan on Weds!
Andrew Sentance Mon 23 Nov 2020 17:12