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

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><em>The SNP has used Brexit as a pretext for a second independence referendum request, but the new realities of UK-EU relations fundamentally change the debate.</em></li>
<li><em>If a clear majority of MSPs elected to the new Scottish Parliament on 6 May favour independence, the perceived risk premium around indyref2 is likely to rise.</em></li>
</ul>


The SNP has used Brexit as a pretext for a second independence referendum request, but the new realities of UK-EU relations fundamentally change the debate.
If a clear majority of MSPs elected to the new Scottish Parliament on 6 May favour independence, the perceived risk premium around indyref2 is likely to rise.


UK: Election Raising Indyref2 Risk