#DirectorView
#WeekendReading 🔖 The latest #DirectorView📈

From #pandemic shifts to #data collection hurdles, UK #statistics have faced major hurdles recently.

The #blog from David Aikman asks a critical question: Are UK statistics recovering?
Are UK Statistics Recovering? - NIESR
The Office for National Statistics has been in the doghouse for years. The Labour Force Survey deteriorated to the point that publication had to be suspended in late 2023. Producer price statistics…
niesr.ac.uk
July 11, 2026 at 11:08 AM
The latest #DirectorView is out now 📈

From #pandemic shifts to #data collection hurdles, UK #statistics have faced major hurdles recently.

The new #blog from David Aikman asks a critical question: Are UK statistics recovering? ⤵️

niesr.ac.uk/blog/are-uk-...
Are UK statistics recovering? - NIESR
The Office for National Statistics has been in the doghouse for years. The Labour Force Survey deteriorated to the point that publication had to be suspended in late 2023. Producer price statistics we...
niesr.ac.uk
July 6, 2026 at 10:26 AM
#WeekendReading🔖 The latest #DirectorView

Should Regulators Bend? And if so, when?

There is a real argument on each side, and almost opposite readings. David Aikman suggests that neither reading is quite right, and here is why ⤵️
When Should Regulators Bend? Time Consistency and Flexibility in Financial Regulation - NIESR
For some time, and more insistently under the current government, ministers have been pressing the UK's financial regulators to do their bit for growth. The Financial Services and Markets Act 2023…
niesr.ac.uk
June 14, 2026 at 7:56 AM
Should Regulators Bend? And if so, when? The latest #DirectorView is out now📈

There is a real argument on each side, and almost opposite readings. David Aikman suggests that neither reading is quite right, and here is why ⤵️

niesr.ac.uk/blog/when-sh...
When Should Regulators Bend? Time Consistency and Flexibility in Financial Regulation - NIESR
For some time, and more insistently under the current government, ministers have been pressing the UK's financial regulators to do their bit for growth. The Financial Services and Markets Act 2023 gav...
niesr.ac.uk
June 12, 2026 at 11:27 AM
How big an effect might political uncertainty be having on UK #Bond Yields?

The latest #DirectorView blog got quoted by @timharford.ft.com in the new BBC #MoreOrLess episode (22:30mins in) 👉https://www.bbc.co.uk/sounds/play/m002x5gb

You can read the blog in full here⤵️
niesr.ac.uk/blog/politic...
Is Political Risk Driving UK Bond Yields? - NIESR
Disastrous local election results have triggered open talk of a Labour leadership contest. How much of the UK's excess yield relates to the political risk?
niesr.ac.uk
June 4, 2026 at 11:12 AM
#WeekendReading 🔖 The latest #DirectorView📈

UK long-dated yields have reached levels not seen for nearly three decades. Is politics - at least partly - to blame?

In short, oil prices are the key driver. But there is also a small, clear effect from political risk⬇️
Is Political Risk Driving UK Bond Yields? - NIESR
Disastrous local election results have triggered open talk of a Labour leadership contest. How much of the UK's excess yield relates to the political risk?
niesr.ac.uk
May 24, 2026 at 8:12 AM
The latest #DirectorView is out now 📈

UK long-dated yields have reached levels not seen for nearly three decades. Is politics - at least partly - to blame?

David Aikman explores two channels through which political risk could be driving UK bond yields⬇️

niesr.ac.uk/blog/politic...
Is Political Risk Driving UK Bond Yields? - NIESR
Disastrous local election results have triggered open talk of a Labour leadership contest. How much of the UK's excess yield relates to the political risk?
niesr.ac.uk
May 22, 2026 at 10:33 AM
#WeekendReading 🔖 The latest #DirectorView 📈

In his latest blog David Aikman assesses whether the #Bernanke Review has had the impact that was hoped for...

(Spoiler alert... the verdict is mixed!) Here is why ⬇️

niesr.ac.uk/blog/taking-...
Taking Stock of Implementing Bernanke - NIESR
This blog argues that, two years on from when Dr Bernanke published his review into the Bank of England's forecasting practices the verdict is mixed.
niesr.ac.uk
May 15, 2026 at 4:18 PM
#WeekendReading 🔖 The latest #DirectorView 📈

In his latest blog David Aikman assesses whether the #Bernanke Review has had the impact that was hoped for...

(Spoiler alert... the verdict is mixed!) Here is why ⬇️
Taking Stock of Implementing Bernanke - NIESR
This blog argues that, two years on from when Dr Bernanke published his review into the Bank of England's forecasting practices the verdict is mixed.
niesr.ac.uk
May 10, 2026 at 8:17 AM
The latest #DirectorView is out now 📈

David Aikman assesses whether the #Bernanke Review has had the impact that was hoped for

(Spoiler alert... the verdict is mixed!)

Find out why here 👇

niesr.ac.uk/blog/taking-...
Taking Stock of Implementing Bernanke - NIESR
This blog argues that, two years on from when Dr Bernanke published his review into the Bank of England's forecasting practices the verdict is mixed.
niesr.ac.uk
May 8, 2026 at 11:11 AM
#WeekendReading 🔖 The latest #DirectorView

Can 'Maradona and yield curves' fit in the same sentence?!? (Spoiler alert...yes they can!)

David Aikman references the 2005 Mervin King's speech where he described the so called “Maradona theory” of monetary policy⬇️
Financial Conditions and Monetary Policy - NIESR
The April 2026 MPR placed significant weight on the tightening in UK financial conditions as a reason to hold Bank Rate unchanged.  This blog asks what exactly has tightened and why that matters for…
niesr.ac.uk
May 3, 2026 at 8:43 AM
'Maradona and yield curves'⚽️📈

The latest #DirectorView is out now and David Aikman references the Mervin King's speech where he described the so called “Maradona theory” of monetary policy to help explaining the latest tightening in UK financial conditions by the BoE⬇️

niesr.ac.uk/blog/financi...
Financial Conditions and Monetary Policy - NIESR
The April 2026 MPR placed significant weight on the tightening in UK financial conditions as a reason to hold Bank Rate unchanged.  This blog asks what exactly has tightened and why that matters for t...
niesr.ac.uk
May 1, 2026 at 4:01 PM
The latest #DirectorView is out 📈

The US-Israeli strikes on #Iran have caused a major shock to global #energy markets. In his weekly #blog David Aikman uses historical evidence to assess what it may mean for the UK economy 📊

Read more here⬇️

niesr.ac.uk/blog/how-wil...
How Will The Energy Shock Hit The UK Economy? - NIESR
The US-Israeli strikes on Iran have caused a major shock to global energy markets. How is it affecting the UK. This blog shows that the UK has had a higher inflation beta to oil supply shocks than oth...
niesr.ac.uk
April 7, 2026 at 1:27 PM
#EasterWeekendReading 🐣🔖

In the latest #DirectorView David Aikman looks at the yield curve to gain an understanding of how investors are reading the Middle East conflict. Are markets pricing a higher path for real rates or has the gilt market overshot?
What Kind Of Energy Shock Are Markets Pricing? - NIESR
The financial markets look to be pricing something more persistent and more puzzling than a standard energy supply shock would warrant
niesr.ac.uk
April 3, 2026 at 11:24 AM
#WeekendReading🔖 The latest #DirectorView📈

In this week's 'Dean Trench' Memo our Director David Aikman outlines five lessons for the current #MonetaryPolicy response to the #energyprice shock
⬇️⬇️⬇️

#UKeconomy #BankOfEngland #InterestRates
How Should Monetary Policy Respond to the Energy Price Shock - NIESR
What should monetary policy do in response to the sharp rise in oil and gas prices due to the war in Iran? This blog suggests that 2022 offers five lessons.
niesr.ac.uk
March 21, 2026 at 12:14 PM
⚡️JUST PUBLISHED⚡️ The latest #DirectorView is out now📈

In this week's 'Dean Trench' Memo our Director David Aikman outlines five lessons for the current #MonetaryPolicy response to the #energyprice shock ⬇️

#UKeconomy
#BankOfEngland
#InterestRates

niesr.ac.uk/blog/how-sho...
How Should Monetary Policy Respond to the Energy Price Shock - NIESR
What should monetary policy do in response to the sharp rise in oil and gas prices due to the war in Iran? This blog suggests that 2022 offers five lessons.
niesr.ac.uk
March 19, 2026 at 11:36 AM
#WeekendReading 🔖 The latest #DirectorView📈

In this week's 'Dean Trench' Weekly Memo our Director David Aikman explores the new #gilt remit published by the #Chancellor for 2026–27 and outlines its implications for public finances and fiscal policy 👇
Gilts Are Getting Shorter - Does It Matter? - NIESR
The composition of public debt shapes who bears duration risk in the economy. It also matters for monetary policy, including how separable monetary and fiscal policy decisions are.
niesr.ac.uk
March 8, 2026 at 8:53 AM
⚡️JUST PUBLISHED⚡️ The latest #DirectorView is out now 📈

In today's 'Dean Trench' Weekly Memo our Director David Aikman explores the new #gilt remit published by the #Chancellor for 2026–27 and outlines its implications for public finances and fiscal policy 👇

niesr.ac.uk/blog/gilts-a...
Gilts Are Getting Shorter - Does It Matter? - NIESR
The composition of public debt shapes who bears duration risk in the economy. It also matters for monetary policy, including how separable monetary and fiscal policy decisions are.
niesr.ac.uk
March 6, 2026 at 9:59 AM
#WeekendReading 🔖 The latest #DirectorView📈

In this week's 'Dean Trench' Weekly Memo our Director David Aikman outlines why the #BankOfEngland stress-testing framework needs a reset ⬇️
Stress Testing Needs A Reset - NIESR
Stress testing is a central pillar of macroprudential policy. But, today’s stress tests are generating an overly benign picture of system-wide risk.
niesr.ac.uk
March 1, 2026 at 12:39 PM
⚡️JUST PUBLISHED⚡️ The latest #DirectorView is out now 📈

In today's 'Dean Trench' Weekly Memo our Director David Aikman assesses whether the #BankOfEngland stress-testing framework needs a reset

*Spoiler Alert* It does, and here is why 👇

niesr.ac.uk/blog/stress-...
Stress Testing Needs A Reset - NIESR
Stress testing is a central pillar of macroprudential policy. But, today’s stress tests are generating an overly benign picture of system-wide risk.
niesr.ac.uk
February 27, 2026 at 11:44 AM
⚡️JUST PUBLISHED⚡️ The latest #DirectorView is out now 📈

In today's 'Dean Trench' Weekly Memo our Director David Aikman assesses how the UK’s bank leverage ratio is implemented 👇

*Spoiler alert* Don't change what is working, and - more important - don't weaken it!

niesr.ac.uk/blog/uks-lev...
The UK’s Leverage Ratio Is Working. Don’t Weaken It - NIESR
The Bank of England is reviewing the leverage ratio framework “to ensure it functions as intended”. But, the leverage ratio is doing its job and here's why.
niesr.ac.uk
February 13, 2026 at 9:48 AM
#WeekendReading 🔖 The latest #DirectorView📈

In this week's 'Dean Trench' Weekly Memo our Director David Aikman outlines what economics and public finance theory suggests about financing an increased #defence spending👇
How Should We Pay for Increased Defence Spending? - NIESR
The UK needs a sustained increase in defence spending. What can economic theory tell us about financing a defence build-up of this type?
niesr.ac.uk
February 8, 2026 at 9:39 AM
⚡️JUST PUBLISHED⚡️ The latest #DirectorView is out now 📈

In today's 'Dean Trench' Weekly Memo our Director David Aikman outlines what economics and public finance theory suggests about financing an increased #defence spending👇

#UKeconomy
#FiscalRules
niesr.ac.uk/blog/how-sho...
How Should We Pay for Increased Defence Spending? - NIESR
The UK needs a sustained increase in defence spending. What can economic theory tell us about financing a defence build-up of this type?
niesr.ac.uk
February 6, 2026 at 12:23 PM