- UK needs to act as if under a stabilisation programme.
- Shift in macroeconomic regime due to Brexit and flatlining productivity growth.
- Co-ordinated programme requires multiyear plan, redistribution of economic burdens and decrease in inflation.
- Components of programme include reallocation of fiscal priorities, promoting increased supply of housing, labour supply reforms, and tightening of monetary policy.
- UK should lean in to being a global Britain post-Brexit and specialise, rather than following larger countries.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec