33 articles for "Andrew Sentance"

01 July 2015

What would Grexit mean for the Eurozone and UK economies?

By Andrew Sentance and John Hawksworth The economic and financial situation in Greece has taken a turn for the worse in the past week with the announcement of a Referendum on the bailout terms and conditions, the closure of the banks and the imposition of credit controls. Even before these...

29 June 2015

The economy needs to adapt to an ageing population

By Andrew Sentance The UK and other western economies face the prospect of an ageing population. As the post-war baby boomers grow older, and people live longer, the number of over-65s in the UK is expected to nearly double by 2050. This is often seen as a problem for society,...

04 February 2015

Greek lessons for Europe

By Andrew Sentance, Senior Economic Adviser, PwC The new Greek government has been in power for just over a week now – but we are not much clearer on its detailed policy programme. Greece risks becoming embroiled in a prolonged and messy dispute with other EU governments on debt relief....

19 December 2014

Who will benefit from the oil price surprise?

By Andrew Sentance, Senior Economic Adviser, PwC The big economic development this year was one which no economic forecaster had predicted – a dramatic drop in the crude oil price. Brent crude is now around $60/barrel, a drop of $50/barrel from the average price in 2011-13. The most significant impact...

10 November 2014

Separating myth from reality in the UK regions

By Andrew Sentance, Senior Economic Adviser, PwC The major political parties have the regional rebalancing of the UK economy high on their agenda - and rightly so. However, improving the prospects of cities and regions outside London and the South East must be based on a realistic view of our...

31 October 2014

Regulating for a new runway

By Andrew Sentance and Charlotte Hacker The Davies Commission is scheduled to report after the General Election on whether Heathrow or Gatwick should be the site of a new runway in the London airport system. When that decision has been made, it will fall to the Civil Aviation Authority (CAA)...

29 May 2014

Inequality and the Piketty debate

By John Hawksworth and Andrew Sentance Thomas Piketty is the French “rock star” economist whose magnum opus, Capital in the Twenty-First Century, has become a surprise bestseller on both sides of the Atlantic and one of the most talked about books on economics in recent times. It has also attracted...

25 April 2014

UK set to recover 5th place in global economic league

By Andrew Sentance, Senior Economic Adviser, PwC The latest IMF economic forecast grabbed the headlines in the UK earlier this month when it suggested that the UK would be the fastest growing G7 economy in 2014. This encouraged me to go back to the IMF’s database and work out how...

20 March 2014

The 2014 Budget – as “good as it gets” for now

By Andrew Sentance, Senior Economic Adviser, PwC 2014 may be “as good as it gets” for the growth of the British economy, according to the latest OBR forecasts released in yesterday’s Budget. GDP growth is projected to be 2.7% this year, but is then expected to be around 2.5% over...

29 January 2014

Respectable growth in the New Normal

By Andrew Sentance, Senior Economic Adviser, PwC UK economic growth is looking up. The 0.7% GDP increase in Q4 might not have been as strong as some commentators were expecting. But it means economic activity is 2.8% up on a year ago. That’s still not as strong as the 3.3%...