Sign up for free newsletter

 

Marcus Bullus, MB Capital

British economy has gone for a burton

It's official. The British economy has gone for a Burton, says Marcus Bullus, trading director at MB Capital…

The Government and the Bank of England needed a sharp shock. They just got it.

With inflation proving far stickier than expected, negative growth and a Eurozone on borrowed time, the UK economy is in for a very tough few years.

The light at the end of the tunnel was a train.

The Labour Party will pounce on this data with predictable glee, blaming the spending cuts for the lack of growth. But the one saviour for the UK right now is that the markets back it.

If the markets moved against us as they have Spain and Italy, we would be in a whole lot more trouble.

Paradoxically, being technically back in recession could be a good thing as it will force policymakers and Government to address the fundamental issues affecting the economy with more urgency. Something needs to be done, and it needs to be done quickly.


Subscribe to free daily newsletter
latestjobs
Investment Banking Associate (Consumer)

Fri, 31 Jul 2015 00:00:00 GMT

Investment Banking M&A Associate

Fri, 31 Jul 2015 00:00:00 GMT

Lead Mobile Engineer – Mobile App Development

Fri, 31 Jul 2015 00:00:00 GMT

events
3 weeks 1 day from now - New York
4 weeks 2 days from now - Texas
5 weeks 3 days from now - New York
5 weeks 4 days from now - New York
specialreports