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The MPC voted unanimously to raise interest rates and the Fed looks like it is warming up for more of the same Rate hike ahoy! The Bank of England’s Monetary Policy Committee raised rates by...
The labour market continues to strengthen but wage growth refuses to escape its sluggish trajectoryStrong and stable: UK labour market conditions continue to improve. Witness the 137k rise in...
Latest UK data points to a rebound in Q2 GDP after a lacklustre Q1Striking. What a difference a month makes. Not the football. This is an economics update after all. UK GDP grew by 0.3% between April...
An upbeat speech from Bank of England governor Mark Carney shortens the odds of an August rate hikeBullish Carney. Bank of England governor Mark Carney’s latest speech was upbeat about the UK...
Some crumbs of comfort for the UK economy, but the outlook remains uncertainThe Past. Take a small number, double it, and it’s still small. UK Q1 GDP growth was revised from 0.1% to 0.2%. This...
Pressure eases on public finances, but not enough to finance a big Birthday gift without recourse to higher taxes.Honey, Hammond, I shrank the deficit. Another welcome surprise for UK public finances,...
Big, expensive, marred by controversy and inherently political. No, not the World Cup. QE. And the final whistle for this extraordinary period for monetary policy is approaching. At least for this...
A reversal of fortune in the service sector should hair a return to business as usual for the UK economy.Pressure building. Confidence returned to the UK service industry in May with its PMI reaching...
Rising oil prices means that, like the eponymous shark Jaws, inflation keeps coming back. Manufacturers report tighter margins and consumers face a summer of squeezed budgets. Just when you thought...
Not a lot to write home about in last week's economic data. In the round it was fairly soft. But at least the public finances are improving. Perhaps important with a certain 'national institution's'...
Despite strong investment, record employment and (finally) real pay growth, weak spending slows the economy.Hiring on all cylinders. The UK’s well-oiled jobs machine continues to produce the...
Sense that spring was postponed too long this year? The UK economy and the Bank of England feel the same.Data dependent. The Bank of England held rates at 0.5% last week. The move was expected after a...
Old Gods. The UK private sector slowed to a 20-month low in March, accompanied with much harking at the weather and foretelling of April’s strong rebound. Well, the weather improved but the...
A sharp slowdown in economic activity adds to calls for the bank of England to pause before raising interest rates.Wipeout. The UK eked out growth of a paltry 0.1% between Q4 and 2017 and Q1, the...
An exceptionally hot spell of spring weather has brought out the beachwear and disagreements on the MPC.Phew! January 2017 marked the end of the two-year ‘consumer sweet spot’ whereby wage...
In its stride.UK manufacturing production fell 0.2% between February and March, the first decline in a year. There may be some ripple effects from what’s happening in the wider EU. Data from...
You might love them or loathe them but the inescapable fact is that the UK’s recent snow days have had a big impact on business. The latest surveys suggest only manufacturers managed to escape...