Chief Economist at the Resolution Foundation. Previous lives at the Bank of England and in the civil service. Focussed on all things economic-policy related.
Joined October 2018
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The debate on UK defence spending has jumped to a tradeoff between welfare and defending the country. That is odd, unhelpful and - in some cases - just plain inaccurate at Ruth Curtice explains here: substack.com/home/post/p-201…
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Jun 13
Really looking forward to this event. Do sign up.
🚨Book launch - Money: The Inside Story🚨
In their new book, Bank of England economists Rupal Patel and Jack Leslie pull back the curtain on how money is supposed to work, what happens when it doesn’t, and where it might be going next.
Join us to discuss next week➡️ buff.ly/4AHXEJU
ALT Poster for the event Money talks Book launch event for Money: The Inside Story by Rupal Patel and Jack Leslie Tuesday 16 June 2026 5:30 pm - 6:30 pm At the Resolution Foundation.
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JamesSmithRF retweeted
🚨Book launch - Money: The Inside Story🚨
In their new book, Bank of England economists Rupal Patel and Jack Leslie pull back the curtain on how money is supposed to work, what happens when it doesn’t, and where it might be going next.
Join us to discuss next week➡️ buff.ly/4AHXEJU
ALT Poster for the event Money talks Book launch event for Money: The Inside Story by Rupal Patel and Jack Leslie Tuesday 16 June 2026 5:30 pm - 6:30 pm At the Resolution Foundation.
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May 20
UK inflation data out this morning show an unexpectedly big FALL in the rate of price increases. You might be forgiven for thinking theres a war on, so why is inflation falling? A LOT going on here, so thread to follow. Key point: this is the last fall for a while so enjoy it...
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May 20
Where inflation goes from here depends on the Middle East (see chart). Whatever happens, tho, this is likely to be the last fall for a while. This chart shows there's potential for big inf rises, and ones that hit lower-income families hard. Big challenges for whoever is PM...
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May 20
Thanks to @LalithaTry and Cillian Sheehan for help with this thread. Excellent work 👏
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May 14
New Q1 2026 UK trade data out this morning - and the Trump tariff hit on UK exports to the US is now unmissable. Feeding into the longer-term picture of weak goods trade, offset with stronger services trade.
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Apr 30
Bank of England follows the Fed and holds its policy rate at 3.75% given uncertainty from the conflict in the Middle East. BoE hints it will be patient on raising rates but bigger issue is its assessment of the impact of the war. Thread on all that to follow...
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Apr 30
So, despite the lack of rise in interest rates today, the BoE is warning that the inflation will be higher, the economy weaker and interest rates may still rise.
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Apr 30
Finally, there is a glimmer of good news here. It comes in the emphasis the BoE puts on the looser labour market and tighter financial conditions in suggesting that it doesn't have to be as aggressive with rates this time.
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