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Most parents will be familiar with the anguished cry of “it wasn’t my fault”. And if they could speak, both the US and UK economies would probably be making it. Both had a lacklustre...
If you had to condense into three words the factors driving the UK’s economic performance you’d do worse than simply repeating jobs, jobs, jobs. Over 200,000 were added in the three...
Booming retail sales, government finances that are being boosted by low inflation and a central bank in no rush to raise interest rates – the UK economy is basking in the spring sunshine. But...
UK job creation continued in the three months to February with almost a quarter of a million more people in work. A second month of zero inflation also supported a respectable rise in...
It’s the season for planting and many of the factors driving UK economic growth are home grown. The service and manufacturing sectors are flowering. In contrast, many exporters continue to...
A respectable 0.6% expansion in output in the final quarter of the year currently places the UK in top spot among advanced nations for 2014 economic performance. Yet poor productivity growth continues...
Nothing was big news last week. Or at least zero was. In both the US and the UK consumer prices were unchanged on the previous year. Temporary deflation beckons, but signs are it will be of the...
The die is cast. As the final set-piece before the election, the 2015 Budget provided the Chancellor with the opportunity to fix the framework on which the economic debate will rest. It also...
Low inflation doesn’t just support household budgets it helps the Government’s, too. The fall in oil prices and inflation coupled with slightly faster than expected growth ensure the...
A mixed week last week, with poor January UK numbers for much of manufacturing, construction and exports. There was more reassuring news from the housing market, which while slowing, is showing no...
As the Bank of England’s Bank Rate celebrates its sixth birthday at 0.5%, the European Central Bank blasted its new government bond buying programme today in a bid to fire up economic growth and...
Deflation has reached the US, but not to worry it’s the “good” sort that helps boost household spending. In contrast, continuing Eurozone deflation contains some of the...
Last week’s crunch meeting of European finance ministers had echoes of crisis-driven summits from 2010. But despite the Oscar-worthy build up, this time a deal was done without the need to...
You've never had it so goodBank of England Governor Mark Carney did not mince his words. Launching the Monetary Policy Committee's latest inflation report, he predicted that 2015 would see the...
What’s the difference between top flight football and top flight politics? In football everyone is trying to get into Europe. A change of management in Greece was followed by a surprise move by...
To a fanfare of average economic growth numbers, the US Fed decided not to start talking up rate rises. Patience is the watch-word. Across the pond, the UK posted its own perfectly average economic...
A global “Who’s Who” descended on Davos this week for the World Economic Forum, but all the attention was on the ECB in Frankfurt. After all the waiting, Quantitative Easing arrived...