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

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

Preview: UK Parliamentary Pushes on Plan B

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

FLASH: UK Political Palliative Sought Before Voting

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>Theresa May won the confidence of her parliamentary party by 200 votes to 117 after pledging to hand over before the next election and suggesting an early exit.</li>
<li>Large-scale opposition to her leadership diminishes authority, but an inability to re-challenge her for a year provides some space for pivoting even softer if needed.</li>
<li>Attempts to improve the backstop can now resume. A stated intent to make it a deal the DUP can tolerate makes it much more challenging to fix swiftly.</li>
<li>Unless the European Council sounds surprisingly open to change tomorrow, talks are likely to drag on and deprive the BoE of the clarity needed to hike in Feb-19.</li>
</ul>


Theresa May won the confidence of her parliamentary party by 200 votes to 117 after pledging to hand over before the next election and suggesting an early exit.
Large-scale opposition to her leadership diminishes authority, but an inability to re-challenge her for a year provides some space for pivoting even softer if needed.
Attempts to improve the backstop can now resume. A stated intent to make it a deal the DUP can tolerate makes it much more challenging to fix swiftly.
Unless the European Council sounds surprisingly open to change tomorrow, talks are likely to drag on and deprive the BoE of the clarity needed to hike in Feb-19.


FLASH: UK Back to Brussels with Bruises