Hamish McRae

One of the country’s most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press Awards.

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The trouble with the economic recovery is it mainly benefits those already doing well

The real story behind sterling’s recovery and the improved inflation figures

Mark Carney has iterated the importance between the long-term and short-term economic effect of the flooding

Will the recovery be able to withstand the weather?

Whatever the storms' effect on economic output, people will feel worse off. The message for politicians is that living standards matter more than GDP

Hamish McRae: The Governor of the Bank of England has no idea what interest rates will need to be in three years' time

Economic View: If we get three years of above-trend growth we are going to feel pretty chipper

You can’t blame immigrants for wanting to go to a country as successful as Switzerland. So does it make sense to keep them out?

Democracy is democracy and the politicians have to do what the voters want

Putin has thrown £30bn at the winter games

Russia's Winter Olympics party hides the economic truth

President Putin's willingness to blow $50bn on the Sochi Games shows a weakness shared by those other emerging markets: Brazil, India and China

Big country: Morzine connects to the vast Portes du Soleil

Hamish McRae: Now that the economy is moving decently, it is important policymakers do not muck things up

Economic View: Better for the Bank to make an early start on the path to normality than move too late

Russia doesn’t seem to care that it has had to spend stupid money in order to host the Winter Olympics. Maybe it should

The Games are stunningly, ludicrously, absurdly expensive. To take a round figure they look like costing $50bn

Michael Gove has suggested Moocs be used in schools to broaden the curriculum

A better quality of life does not have to cost a thing

Technology is improving our existence in ways that don't show up in the GDP figures, which is tricky for the politicians – but great for the rest of us

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