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School of Economics and Finance

FT economists survey: 'anaemic' economy needs investment, investment, investment'

Two Queen Mary experts, Professor Francis Breedon and Professor Gulnur Muradoglu, were interviewed for the Financial Times in regards to questions on the year ahead for the UK economy.


Francis Breedon, professor at Queen Mary University London and member of the Scottish Fiscal Commission said: 'The forecasts of the Scottish Fiscal Commission were recently published alongside the Scottish budget. I will focus on Scotland (though the UK picture is very similar). We do not expect Scottish living standards (as measured by real disposable income) to return to their 2021-22 level until 2026-27, so Scottish voters are likely to feel their living standards have worsened for some time yet.'

Gulnur Muradoglu, professor of Finance at Queen Mary, University of London, said: 'It is difficult to say if voters will feel better or worse before the election. On the one hand interest rates and inflation are in decline. The prices of food, housing and energy that households use are high and incomes have not caught up with those price increases yet. Households, i.e. voters, will feel better when inflation and interest rates stabilise and incomes catch up with new price levels.' 



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