Economic optimism rising...

The mood music on the economy in this summer news season is certainly positive.  But it is not only the media which is becoming more positive about the economic outlook.  In its latest Inflation Report, published this month, the Bank of England shows in this chart that not only are people becoming more optimistic about the economy in general; they are also becoming more optimistic about their own personal financial situation.

Inflation Report Aug 13 Chart
Source:  Research carried out by GfK NOP on behalf of the European Commission.
(a) The question asks how households expect their personal financial situation to change over the next twelve months.
(b)  The question asks how households expect the general economic situation to change over the next twelve months.


Stephen Beer, 14/08/2013

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Responsible capitalism - talking about ethical investment

The Daily Mail today included an article about ethical investment, the types of ethical investment and the work of ethical investment fund managers.  The article contains some quotes from me, including on how many of the issues we have been looking at have become mainstream.  The article is here.

Stephen Beer, 06/08/2013

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The incorribility of the banking sector

Writing an article on the FInancial Transactions Tax (FTT) for Left Foot Forward, I've been struck again how the banking sector can seem incorrigible.  The evidence is clear that it cannot reform itself and it cannot alone repair its relationship with the rest of society.  The Parliamentary Commission has been almost incredulous in some of its comments.  It was surprised that former HBOS directors continued to believe their experiences on the HBOS board had been positive.  Meanwhile, just before his retirement, Bank of England governor Mervyn King reported that banks were lobbying government ministers against moves by regulators.  It is almost as if the financial crisis never happened. Comments from the Nationwide chairman supporting pay increases for directors did cover an important point about how much we are prepared to pay people, but they also served to illustrate the disconnect between banking and the society in which it sits and which it is meant to serve.

Stephen Beer, 04/08/2013

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