Ros predicts an economic boom in 2014 with 5% growth, rising real earnings and falling unemployment which aligns the economic and electoral cycle brilliantly. She wonders whether this is by accident or design.
Ros represented the London School of Economics at the Economics Research Council’s annual ‘Clash of the Titans’ Event, which pitches an economist from each of LSE, Oxford and Cambridge against each other and ask them to predict the economic outlook for the coming year.
A transcript of Ros’ speech at the Clash of the Titans event with her forecasts for the UK economy in 2014 – she predicts a boom year.
Ros comments on the Chancellor’s Autumn Statement 2013 as it relates to pensions and savings policy, welcoming news that people can buy extra years of state pension, but lamenting the lack of measures to encourage saving
Ros welcomes the news that the Bank of England has decided the Funding for Lending Scheme should focus only on business lending and not mortgages next year. This should have happened at the start, but is welcome now nevertheless to take pressure off the housing market.
Ros highlights that all the forward indicators of the UK economy are strong and expresses concerns that the Bank of England’s forward guidance policy is gearing monetary policy to unemployment which is a lagging policy that reflects what has already happened, whereas monetary policy operates with long lead times.
Ros gave a keynote speech at the PEnsion Pioneers Forum conference explaining the damaged caused to #UK pensions by Quantitative Easing – both DB and DC schemes are affected
Ros responds to the OFT report on pension charges, highlighting that the recommendations may well disappoint those who wanted action, but that NEST’s charging structure does not fit well with a cap
Ros was interviewed (see around 2mins 45 secs and again at 5 mins 13 secs) for BBC2 Newsnight, commenting on the problems associated with the Bank of England’s suggestion of interest rates staying so low for 3 years.
Ros wrote a letter to the London Evening Standard explaining that there are downsides to keeping interest rates so low for so long.