An upbeat speech from Bank of England governor Mark Carney shortens the odds of an August rate hike
Some crumbs of comfort for the UK economy, but the outlook remains uncertain
Pressure eases on public finances, but not enough to finance a big Birthday gift without recourse to higher taxes.
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 round. And there’s always the chance of extra time.
A reversal of fortune in the service sector should hail a return to business as usual for the UK economy.
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 it was over eh!
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’ 70th birthday on the way. Continue reading
Despite strong investment, record employment and (finally) real pay growth, weak spending slows the economy.
Sense that spring was postponed too long this year? The UK economy and the Bank of England feel the same.
A sharp slowdown in economic activity adds to calls for the Bank of England to pause before raising interest rates.