David Osman of the IRF Podcast is joined once again by acclaimed economist and author Peter Warburton of Economic Perspectives to discuss whether a bleak future is in store for the UK economy.
Peter is pessimistic about the prospects of the UK economy in the next 3-4 years despite the UK’s relatively strong growth forecast for the year. Whilst Peter predicts a ‘spirited rebound’ in economic activity with the re-opening of the service sector in the second half of the year, Peter envisages this as merely an interval of growth which will last for only a brief amount of time. Peter believes part of the problem with the forecast for the UK economy is that not only has the UK suffered economically from lockdown but also from deglobalisation that has particularly affected London as a major financial centre. Peter goes on to discusses how a pickup in consumer price inflation may affect the UK’s monetary policy and the strength of the Pound and gives an insight into what stock picks may carry investors through a potentially rocky economic environment.
Peter Warburton has worked as an applied economist since 1975 and has authored numerous books such as ‘Debt & Delusion’ and ‘The War of Independence: A Declaration’. Peter’s roles in the financial sector have taken him through stints at firms such as Lehman Brothers and Ruffer, alongside founding his UK-based consultancy Economic Perspectives in 1996.