29 articles for "Andrew Sentance"

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%...

22 January 2014

UK economic recovery – as good as it gets?

By Andrew Sentance, Senior Economic Adviser, PwC In 2013, the performance of the British economy took most economic commentators by surprise. Last spring, the consensus forecast for 2013 UK growth was just 0.8% - which would have made it a third consecutive year of growth around 1% or below. Next...

11 December 2013

Titans clash on UK economic prospects

By Andrew Sentance, Senior Economic Adviser, PwC It was my great pleasure yesterday evening (Tuesday 10th December) to chair the 3rd Clash of the Titans event organised by the Economic Research Council and supported by PwC. In front of an audience of around 400 business and financial executives, academics and...

04 November 2013

It’s rebalancing – but not as we know it!

By Andrew Sentance, Senior Economic Adviser, PwC When the UK economic recovery started in 2009, there were high hopes that growth would be led by a resurgence of manufacturing industry. Many of the conditions seemed to be in place for a rebalancing of the economy in that direction. The pound...

08 August 2013

Mark Carney’s interest rate gamble

By Andrew Sentance, Senior Economic Adviser, PwC There is a wind of change blowing through the Bank of England under the new Governor, Mark Carney. Under his two predecessors – Eddie George and Mervyn King – the MPC was always very reluctant to make commitments about its future policy. The...