Chief Economist, Heteronomics

Phil Rush

Philip Rush is the Founder and Chief Economist of Heteronomics. Until launching in November 2016, he was Nomura's Senior European Economist and was the Chief UK Economist there since 2010. Before that, he was UK Economist at Barclays Wealth, where he also developed strategic asset allocation models for their market return portfolios. Philip started his career at Lehman Brothers covering the UK, Scandinavian and Swiss economies. A book on his fundamental framework was published in January 2018 as "Real Market Economics".

Chief Economist

Preview: UK Parliamentary Pushes on Plan B

Politics: Unusual UK Unity Promotes Plan B

Preview: BoE Temporarily Tolerant of Excesses

UK Politics: Swerve, Crash or Stop (55:30:15)

FLASH: UK's No-Confidence Vote in May Day

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

Macroeconomics

<ul>
<li>The UK parliament rejected the Brexit deal by a historically substantial margin of 230 votes (432 vs 202). Presentation of a plan-B will probably occur on Monday.</li>
<li>A vote of no confidence in the government will occur on 16 Jan. With eurosceptics and the DUP maintaining support, an early election should be avoided.</li>
<li>Theresa May is signalling greater openness to opposition support, despite its unreliability, which the market has welcomed. A codicil that clearly clarifies the backstop’s non-permanence still looks like the most likely solution, in my view.</li>
</ul>


The UK parliament rejected the Brexit deal by a historically substantial margin of 230 votes (432 vs 202). Presentation of a plan-B will probably occur on Monday.
A vote of no confidence in the government will occur on 16 Jan. With eurosceptics and the DUP maintaining support, an early election should be avoided.
Theresa May is signalling greater openness to opposition support, despite its unreliability, which the market has welcomed. A codicil that clearly clarifies the backstop’s non-permanence still looks like the most likely solution, in my view.


FLASH: Brexit Deal Defeated by 230