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 worse. Continue reading
The Chancellor would happily swap the UK’s current annual economic growth rate with its inflation rate. While GDP growth remains sluggish and below the rates being experienced in most other EU countries, the converse is true for inflation. Continue reading
The UK 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 sector that’s supporting generalised weakness elsewhere. Until the other parts of the economy start moving, growth will remain sluggish. Continue reading
The latest PMI highlights some noteworthy trends on the local, national and global economy from March 2017. This slide pack explores them in more detail.
Key highlights include: Continue reading
The latest PMI highlights many noteworthy trends on the local, national and global economy from April 2017. This slide pack explores them in more detail. Continue reading
The latest PMI highlights many noteworthy trends on the local, national and global economy from March 2017. This slide pack explores them in more detail. Continue reading
The Bank of England’s upgrade to its GDP growth forecast this year takes it almost back to pre-referendum levels. Meanwhile the Government published some of its post-Brexit policy goals in a discussion document.
Boost. The Monetary Policy Committee’s new forecasts show GDP growth of 2% for the UK this year. Continue reading
Rising inequality has been blamed for everything from slow growth to political earthquakes last year, but on at least one sensible measure income inequality in the UK is substantially lower than it was before the recession. Continue reading
December’s data indicates a clean sweep of good growth across UK, Europe and US. 2016 went out with a bang. Continue reading
An extension to budget deficit reduction amidst weaker productivity growth and some measures to fix the latter – it feels like Budgets and Autumn Statements have always been thus. Last week was no different and changing the narrative is tricky. Therapy for productivity is key. It just may need to be more of the ‘shock’ variety. Continue reading