Ian Campbell taught English at the Université de Poitiers before studying economics. He was Chief Economist, Emerging Markets at ABN AMRO Bank, Head of Latin American Research at BancBoston Securities and Regional Director, Latin America at the Economist Intelligence Unit. Since becoming a journalist in 2000 he has written for The Washington Post, The Times, The Independent, The Economist, The Globe and Mail, The Chicago Tribune, The New Statesman and other publications. From 2000 to 2003 he was Economics Correspondent for the UPI press agency. He has recently returned to the UK, where he is writing a book on rural Mexico.
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The UK prime minister crowed when opposition leader Ed Miliband forgot the deficit in a keynote speech. Yet David Cameron has gone further, insisting on the need to tackle the country’s biggest problem and then pledging a tax giveaway. It’s an electoral bribe he can’t afford.
George Osborne says the economy is stellar yet benefit cuts are needed. The picture is worse than the finance minister admits. As Britain’s deficit stays high, debt soars and weak wages persist, the government faces more harsh choices. The UK is far from paying its way.
The Scottish referendum has stirred discontent around the UK. With an election months away, the pressure is on politicians to make populist gestures. Yet the UK’s large fiscal deficit shows the need for serious reform. The risk now is of unaffordable promises.
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- Gold’s geopolitical ledge won't hold up
- UK rates may not rise till 2016 – or later
- Flight to safety is liable to persist
- Interest rates may stay low in Freelance Britain
- UK’s strong GDP has a soft centre
- Markets sleepwalking into European slowdown