Kitty Ussher
Kitty is a former MP for Burnley and served as a Treasury minister in the early phase of the financial crisis (2007-09). She currently works as Managing Director of Tooley Street Research.

In addition she sits on the Financial Services Consumer Panel of the FCA, and is Chief Economic Adviser to Portland for whom she writes a twice-yearly note on the UK public finances. For speaking requests, please visit

Kitty holds degrees in Economics and Politics (PPE) from Balliol College Oxford and an MSc in Economics from Birkbeck College, London.

Entries by Kitty Ussher

The Economy Is Contracting - What Next?

(0) Comments | Posted 23 July 2016 | (08:10)

It's now looking pretty likely that the shock to the system that came from the Brexit vote is causing an economic contraction. The questions are whether it is a short-lived wide-eyed moment that will dissipate over the next few months, or whether it becomes entrenched.

Last week we saw the...

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Four Ways the OBR Could Be Wrong

(0) Comments | Posted 18 March 2016 | (15:50)

It is rather inconvenient for the Chancellor, George Osborne, that his Office of Budget Responsibility has downgraded all the growth forecasts for the next few years. It means for a start that his promise that the pile of debt would start to fall in 2015-16 will be missed - because...

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Does Having Money Make You Happy?

(1) Comments | Posted 6 October 2015 | (10:46)

It looks like there is good news for people out there stuck in the rat race and wondering what it's all about, apparently there is a connection between affluence and happiness. So don't chuck in the day job quite yet then.

The Office of National Statistics (ONS) has recently started...

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The Pro-State Case for Fiscal Responsibility

(0) Comments | Posted 11 September 2015 | (16:04)

Watching the Labour leadership contest has made me, and many others of my political generation feel like old-fogies. After all we had the importance of fiscal responsibility etched into our souls in the run up to the 1997 election. No unfunded spending commitments. Have a long term plan for fiscal...

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The Female Face of Low Pay

(2) Comments | Posted 26 June 2015 | (00:00)

The bottom end of the labour market is more dynamic than you might think. That is, although a large number of people are in low pay, it isn't necessarily the same people at any point in time - people move in and out of low pay as their circumstances change....

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Game Theory and the Greek Election

(0) Comments | Posted 22 January 2015 | (17:01)

Last time the Greeks had an election, in 2012, the markets feared calamity and the word eurogeddon was shortlisted for the Oxford University Press 'word of the year' prize. But that fear was misplaced: Greece was never going to leave the euro, regardless of what happened to its...

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A Living Wage Without the Law

(2) Comments | Posted 27 November 2014 | (11:18)

There is confusion in the debate around the Living Wage. Calculated with reference to the cost of living in the area in question it is an estimate of what hourly pay rate is required to earn a "decent" wage: £7.85 per hour, or £9.15 in London. Notwithstanding the fact that...

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It's the Assets, Stupid

(0) Comments | Posted 10 November 2014 | (15:56)

The recent decision by the Office of National Statistics to undertake large-scale data collection on the distribution of household wealth and assets in Britain has significant implications for public policy. The case for having a greater policy emphasis on wealth - as opposed to simply focussing on income - is...

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A Nation of Virtual Shopkeepers

(0) Comments | Posted 15 October 2014 | (13:59)

Economists trying to figure out what is going on in the UK economy, and specifically why the number of people saying they are self employed is so high, should perhaps look no further than recent data on on-line selling by households from the Office of National Statistics. Released in August,...

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