Cheery chap, Tim Morgan, chief economist at money broker Tullett Prebon. Here’s a few charts to warm us all up on a cold February day…
Dr Gloom (Tullett Prebon’s Tim Morgan) has just published the second part of his UK Reform trilogy.
With Coalition government’s deficit reduction plan doomed to failure, Morgan says tax cuts are the only policy left for the Chancellor and he must take it. Read more
Here’s something for the Chancellor and the Office for Budget Responsibility (OBR) to chew on: a warning from Dr Tim Morgan, the global head of research at Tullett Prebon, that the deficit reduction plan won’t work and the UK is headed for a debt disaster.
Morgan says sectors that account for nearly 60 per cent of UK economic output are critically dependent on debt (public or private) and set to contract rather than expand. This will render economic growth implausible and means the burden of public and private debt will prove too heavy for the nation to carry: Read more