Conor O'Kane
@IntMacro
Senior Lecturer in Economics at Bournemouth University. Economic history and macroeconomics.
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BYD’s R&D department employs 120,000 engineers. To give you an idea of how insanely large that number is, Tesla employs 100,000 people *in total* — not just engineers and not just in one department. China is the future of the global auto industry, if it isn’t already.
"Economics has always been preoccupied with equilibrium. That’s like analyzing how a car works by studying a parked vehicle." -Jay Forrester
This right here is why I love what @JustinWolfers does. Aside from being a very smart guy, he has the great ability to make economics make sense as it applies to the every day life of the average American. For that we owe him a debt of thanks. 🎥 TikTok -…
JUST IN: Fed Chair Powell announced that rates will remain at 3.50%-3.75%, citing: ● Trump's tariffs jacking up goods inflation ● Trump's immigration policies hurt the labor force and job growth. ● Trump's shutdown dragged growth last quarter. Trump is his own worst enemy.
Vehicle production in the UK falls to 73-year low bbc.in/3LIWlYu
bbc.com
Vehicle production in the UK falls to 73-year low
The industry has "the toughest year in a generation" as vehicle making falls back to 1952 levels.
Absolutely extraordinary unprecedented development in a modern democracy… we are in uncharted territory…
NEW Interest rate cut by the Bank of England to 3.75% 5-4 vote after inflation peak “passed” says Bailey
NEW Quite the drop in the headline inflation rate - still above target - but down to 3.2% CPI (from 3.6%) - ahead of interest rate decision tomorrow…
EXCL: An agreement to rejoin Erasmus – the EU’s student exchange programme – set to be announced on Wednesday as part of UK government’s drive towards closer relations with Brussels. theguardian.com/world/2025/dec…
NEW: Budget measures will cut as much as half a percentage point off headline rate of inflation in a few months’ time, Bank of England economists have calculated. Deputy Governor Clare Lombardelli told MPs today. “we think it will reduce inflation by between 0.4 and 0.5% for a…
"We've seen the early stages of what economists call stagflation. The '-flation' part is inflation, and you've all felt that at the grocery store. The 'stag-' part is stagnation, which is we've got rising unemployment and slower economic growth than we otherwise would have."
The Consumer Prices Index (CPI) rose by 3.6% in the 12 months to October 2025, down from 3.8% in September 2025. Read the article ➡️ ons.gov.uk/economy/inflat…
👀Just look at the economic impact of the cyberattack and shutdown at Jaguar Land Rover👇 Output from the entire UK motor industry contracted by 28.6% in September, according to the ONS. Save for the pandemic that's the biggest monthly fall on record...
Third quarter UK GDP growth slows to 0.1%, with a fall in the month of September, with the ONS citing impact of the 28% fall in car manufacturing around the JLR cyber incident… but there is also evidence that the underlying momentum in the economy in the first half of the year…
New research from Stanford, the Bank of England, and King’s College London finds Brexit has hit the UK hard: ⤵️GDP: Down 6–8% since the referendum 👉roughly £2,000 per person per year lost. ⤵️Investment: Down 12–18%, a drag that compounds over time. ⤵️Employment & Productivity:…
Two crucial reforms the Budget could make are to motoring taxes. Petrol and Fuel Duty are both historically cheap: permanently cancelling scheduled rises should not be a priority. Read our Budget Preview now➡️ buff.ly/qj8kgp1
I wonder if the United States can learn anything from the last time a major industrialized country decided to isolate itself from the rest of the world? Almost a decade after the Brexit vote, GDP in the UK is 6-8% lower relative to peer countries. (More: nber.org/papers/w34459)
I'm no lawyer, but the Supremes seem unimpressed by the President's lawyer in the tariffs case. Prediction markets have revised the probability of the White House winning (and the tariffs being found constitutional) from 45% to 30% in just half an hour. The question at the…
This IMF paper finds that during and after the 2022 global inflation surge - largely driven by supply shocks -inflation outcomes in inflation-targeting countries were no better than in non-targeting countries, despite the former implementing more aggressive interest rate hikes.
"Words ought to be a little wild, for they are the assaults of thoughts on the unthinking." -John Maynard Keynes
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