Ex-chief Treasury adviser suggests Ed Miliband for chancellor role

A former Treasury adviser speaks at a press conference, advocating for Ed Miliband's appointment as Chancellor of the Exchequer while journalists take notes and capture the moment.

The adviser highlighted Miliband’s extensive experience in government and his understanding of economic policy as key reasons for this recommendation. Miliband, who previously served as Labour leader, has been vocal about issues such as climate change and economic inequality, positioning him as a potentially transformative figure in the Treasury. Andy Burnham, the current Mayor of … Read more

Edmund Phelps who changed our understanding of inflation dies at 92

A group of economists and students gather in a university lecture hall to discuss the legacy of Edmund Phelps following the announcement of his passing at 92.

Phelps’s most notable achievement was the development of the concept of the natural rate of unemployment, which posits that there is a specific level of unemployment that exists in an economy even when it is healthy. His passing comes at a time when many economies are grappling with rising inflation rates, making his insights more … Read more