Ann Pettifor

Will Bank of England raise interest rates in 2018?

The Financial Times asked economists the following: How far will the Bank of England raise interest rates next year? Do you think they should? PRIME economists responded in this way: We think much will depend on the Federal Reserve and the ECB. The BoE will follow both, but will have time to assess the impact …

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2018 Economic forecast for the FT: will UK economy grow?

PRIME (Policy Research in Macroeconomics) economists were asked by the FT “How fast do you think the UK economy will grow in 2018 and how will this compare to other countries?” (See here: https://www.ft.com/content/ceb165ee-ebb5-11e7-bd17-521324c81e23) We replied as follows: The end of 2017 witnessed, in our view, the top of the global asset bubble. Rupert Murdoch’s decision to …

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Interview with ‘The Actuary ‘- journal of the Institute of Actuaries: “Prophet and Loss”

“The “nature of money” is the most important factor, Pettifor says. She believes that the common view of banks is that they act as intermediaries between patient savers and impatient borrowers, but “banks haven’t done that since 1694,” she says. If this were the case, she adds, then “we wouldn’t have a massive expansion of …

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OBR accused of damaging UK economy with productivity data

The following was published by David Thorpe on the FT’s Adviser blog, and can be found here: https://www.ftadviser.com/investments/2017/11/30/obr-accused-of-damaging-uk-economy-with-productivity-data/ The Office for Budget Responsibility (OBR) and others including the government are wrongly focusing on the UK’s weak productivity growth in a way that is harming the future economic prospects of the country, according to Ann Pettifor, director …

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UK Budget 2017 and OBR forecast for British economy: PRIME evidence to Treasury Select Committee

On Wednesday 29 November 2017, PRIME’s director, Ann Pettifor, gave evidence at the Committee’s invitation to the UK Parliament’s Treasury Select Committee, together with Professor Jagjit Chadha, Director, National Institute of Economic and Social Research and Paul Johnson, Director, Institute for Fiscal Studies. A verbatim report of the discussion can be found on the Select Committee’s …

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Take back control of the Palace

In this piece, written for International Politics and Society, I argue that  the global investigation into the “Paradise Papers’ has created an opportune moment for wider debate about how the increasingly corrupt and out-of-control global financial system can be tamed. It is time, I argued, that tax-paying citizens recognised their power to create change, and to manage …

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How to weather the Brexit storm? Focus less on trade, more on investment.

This article was first published on the Prospect magazine website on 15th October 2017 “Strong and stable” seems of a world so far, far away. Yesterday’s Daily Mail headline “PM slaps treacherous Chancellor down” portrays a government in political chaos. Thanks to open, unresolved intra-Brexiteer warfare, ministers are unable to agree the basics of how to exit …

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Money for Nothing…

The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it. So on this programme we shine a much-needed light on who should get the …

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Money and the Government: Everything You Need to Know But Were Afraid to Ask

The following is an interview with Maya Singer of Vogue magazine, USA, based on my new book, The Production of Money. I was delighted to appear in a publication (or at least on a website) read mainly by  young women…. MARCH 2, 2017 7:00 PMby MAYA SINGER What is money? That might seem like the …

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