Chief Economist’s Weekly Brief – No time to rest

Unemployment may be low and job growth robust, but it’s not time to rest. The UK’s productivity performance is screaming for more investment. So it’s encouraging that more spending on infrastructure and R&D look to be key planks of the government’s ‘industrial strategy’. We await Wednesday’s Autumn Statement for more detail.

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Chief Economist’s Weekly Brief – The only way is up (maybe)

One pound coin on fluctuating graph. Rate of the pound sterling (shallow DOF)
One pound coin on fluctuating graph. Rate of the pound sterling (shallow DOF)

As the world watches and waits for the outcome of the US election there are signs of modest improvements in performance across the major economies. The Bank of England marked up its 2017 growth forecast. The US continues to create jobs apace. Even the eurozone gives some cause for optimism. What could possibly go wrong?  Continue reading

Chief Economist’s Weekly Brief – The fall

UK businesses appear in decent shape. Turnover is up as are Corporation Tax receipts. Yet sterling has lost roughly one-tenth of its value since June and that’s raising input costs and squeezing profits. A long summer of falling costs boosting profits is coming to an end. Continue reading