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Last week’s data suggests inflation’s recent run-up could very well be peaking. That would be welcome. The less good news was a rare decline in the number of people in work. Here’s...
"Global growth remains strong." That was key judgement number one underpinning the Bank of England's forecast in the most recent Inflation Report. The euro zone has been at the heart of the...
Bank of England Governor Mark Carney has taken some flak for talking about interest rate rises in the past, but not delivering. That ended last week when the MPC’s raised Bank Rate. Now to see...
It wasn't blockbuster but GDP growth was slightly better than expected last quarter, lending a little support to members of the Bank of England's Monetary Policy Committee minded to raise rates this...
It's a familiar narrative for the UK. Strong job growth but signs of a weakening consumer on the back of paltry income growth squeezed by higher inflation. Yet markets are convinced the Bank of...
Debt looms large not just in the UK but across major economies. So rate hikes have to proceed very gently.The producers. A decent August for UK production as output rose by 0.2% on the month. If it...
Keeping our fingers crossed about an improvement in productivity isn't working. Last week provided a stark reminder that the UK's problem in this area remains critical. In fact, it seems to be getting...
The Bank of England is debating the best way to tackle the UK’s current dose of inflation. But for the central banks of the Eurozone and the US the issue is stubbornly low inflation. Urgent:...
You can't keep the British shopper down. The retail sales figures for August are testament to that. Is a hike in interest rates on the way to cool things off?Boom! Britons hit the shops with gusto in...
With unemployment at a 40-year low, wages should be rising at roughly twice their current pace. That they are not reflects rising supply, a shift to self-employment, less job switching than usual and,...
Often left in the shadow of a resurgent service sector, finally it’s the manufacturers’ time to step into the sunshine.Revving up. British industry made a good start to Q3 as output rose...
How to stop worrying and learn to love the economy. Beneath the headlines, last week’s data depict a reasonably sunny economic landscape across the eurozone, the US and, even the UK. Hope. UK...
Confirmation, if one was needed, of a slowdown in the UK economy in the first half of 2017. Faster price rises have slowed consumer spending to a sloth-like pace. It’s rebalancing Jim (of...
As far as the jobs market is concerned, we’ve rarely (if ever) had it so good. Yet the link between jobs and pay remains severed. This is unlikely to reunite until productivity improves. And...
The financial crisis may be ten year's old, yet many of the problem it exacerbated are even older. Lost. Last week marked the tenth anniversary of what is widely considered to be the beginning of...
The summer’s weather has been, by and large, a mixture of sunshine and showers. The economic weather has been similar, with the number of ‘positive’ economic results generally...
The economy is hardly firing when growth accelerates by half, only to reach 0.3%q/q. Yet many would settle for that given the predictions made last year. For that thank a surprisingly strong service...