23rd January 2014
Washington DC, USA
“Is it just me or has everything shrunk?” That was the principal thought running through my head on January 15th as I walked into my old high school – the Inverness Royal Academy – for the first time in 23 years. The Head of the Economics Department there, Ian Stewart, was the first person to […]
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23rd May 2013
Washington DC, USA
Two countries separated by different summers It’s that time of year again when Washington D.C. slowly but surely starts to melt. The heart of the East Coast summer time. Temperatures in the 80s, 90s and even higher. Suffocating humidity. Blazing sun. A feeling that we could be living in a swamp. The realisation that we […]
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2nd April 2013
Washington DC, USA
On March 12, British living legend David Bowie released his first new album in almost ten years – “The Next Day”. The record has been met with a tremendous reception, both critically and commercially. Q Magazine crowned its release with a gold plated five star review. It entered the UK album chart at the number […]
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22nd March 2013
Washington DC, USA
Last week, I argued that a successful Transatlantic Trade and Investment Partnership would put millions of consumers on both sides in touch with millions of businesses on both sides and be a real shot in the arm for business and jobs. In that blog, I argued that a successful TTIP would benefit the US in […]
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13th March 2013
Washington DC, USA
My Ambassador had an op-ed in op-ed in USA Today last week on the case for the EU and the US striking a free trade deal. I thought I would develop some of the economic arguments underpinning the strong case he made. Economists often propound the benefits of free trade in terms of numbers, sometimes […]
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8th March 2013
Washington DC, USA
In the United States this weekend, the clocks will go forward one hour. At precisely 1.59:59 on Sunday, our clocks will wind forward a whole hour to 3am. We will have leapt forward into spring as the saying goes and observe Daylight Savings Time (DST). The mornings will become darker and the evenings lighter. In […]
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8th February 2013
Washington DC, USA
Banks. Bankers. Financial Services. Bail-outs. LIBOR. Bonuses. You are probably a bit fed up of hearing all those terms. Haven’t we been talking about banks and the financial sector non-stop for five years? Isn’t this stuff meant to be boring Wouldn’t we rather be talking about Beyonce at the Superbowl instead? These issues are hugely […]
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21st September 2012
Washington DC, USA
‘We are the goon squad and we’re coming to town-beep beep’ So sang David Bowie in a thinly veiled 1980’s attack on charlatans and copycats, ‘Fashion’. Bowie is not only a British musical living legend but also one of our most stylish icons (second only to Bryan Ferry in my opinion). Which brings us to […]
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27th July 2012
Washington DC, USA
As the UK Government’s Chief Economist in the US, one of the things people ask me about most frequently is the Olympics. This line of discussion comes from all kinds of angles – which restaurants should people visit, what will the weather be like? But one of the most tantalising questions has to be from […]
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20th March 2012
Washington DC, USA
On March 21st at 12:30 London time (8:30 on the East Coast), the Chancellor of the Exchequer, George Osborne, will unveil his 2012 Budget to the British Parliament. The word ‘Budget’ comes from the French term ‘bougette’, meaning little bag. But rather than thinking about ‘little bags’, whenever I mention the Budget to American friends, they […]
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