The effects of anything short of a major disruption in Middle Eastern output are likely to be contained
There are at least three reasons why the greenback might not follow the script currently signalled by markets
Then, as now, the government was dealing with concurrent crises but the circumstances are quite different this time
Jeremy Hunt’s determination to exorcise ghosts means Britain’s long-term problems will continue to go unaddressed
With the Bank of England unwinding its gilt portfolio, the country will need more buying from foreign investors
The prime minister's volte-face may initially reassure markets but the credibility of British policymaking has been damaged
Either interest rates will have to rise to levels that will crush demand or sterling risks falling further, adding to inflation
The hit to households from the downturn will be worse than anything that followed the financial crisis
An insightful look back at 50 years of British economic history
Political context matters in the face of rapid technological change, writes Duncan Weldon
