Pressure of Truth
Exposing the spin on all sides of the news.
Outlet profile

Capital Economics

Independent UK-based macroeconomic research firm (market-oriented, non-partisan in style)

Owned byPrivately held. Founded by economist Roger Bootle in 1999. Minority stakes were sold to Lloyds Banking Group (2014, valuing the firm at about £70 million) and later to private equity firm Phoenix Equity Partners. Bootle remains a non-executive director and senior adviser. I did not confirm the current split of ownership.
FundingPaid subscriptions and advisory services sold to institutional clients, mainly financial firms, plus some corporations and governments. It carries no advertising and is not funded by a government or donors. Its research is mostly behind a paywall, though some of it is free.
On the administrationmostly neutral

Background

Roger Bootle, a former HSBC group chief economist who also advised the UK government, founded Capital Economics in 1999. The firm grew from a small London shop into a global research provider with offices in London, New York, Toronto, Sydney and Singapore. It says it serves more than 1,500 institutional clients. In 2014 Bootle sold a stake to part of Lloyds Banking Group, and he later sold stakes to Phoenix Equity Partners. The firm and Bootle won the Wolfson Economics Prize in 2012 for a proposal on handling a eurozone breakup. Bootle writes a column for the Daily Telegraph and has been a prominent commentator on Brexit and UK policy. Its research covers the UK, the US, China, emerging markets and commodities. Since 2025 its US team, led by Paul Ashworth, has analyzed Trump's tariffs and fiscal policy and projected higher inflation and slower growth. It has also adjusted those forecasts as tariff policy changed. Like most economics consultancies, its views reflect mainstream, market-focused forecasting rather than a political agenda. It is a research vendor, not a news outlet, so it has no newsroom or editorial line of the usual kind. Its public commentary on the administration is mainly economic and data-driven.

Sources

  1. Roger Bootle - Wikipedia
  2. Roger Bootle of Capital Economics talks Brexit, macroeconomics and making a market for research - City A.M.
  3. Roger Bootle - Capital Economics
  4. Q2 2025 US Economic Outlook - Capital Economics
  5. US Focus: The inflationary impact of tariffs for all - Capital Economics

Profile compiled 2026-10-19; refreshed when ownership, funding, or the administration changes.

← Back to track record