UK Economics Update OBR forecasts do not point to a soft Budget The lower path of public borrowing projected by the Office for Budget Responsibility might seem to relieve some of the pressure for an additional fiscal tightening in next week’s Budget. But we don’t... 14th June 2010 · 1 min read
UK Economics Update Rising inflation unlikely to scare MPC into rate hikes The lower path of public borrowing projected by the Office for Budget Responsibility might seem to relieve some of the pressure for an additional fiscal tightening in next week’s Budget. But we don’t... 10th June 2010 · 1 min read
UK Economics Update UK faces a tougher task than Canada to cut deficit The Canadian experience of the mid-1990s has been taken by many as evidence that the UK’s large government deficit can be brought under control fairly easily and without undermining the broader... 8th June 2010 · 1 min read
UK Economics Update Monetary Indicators Monitor (May) The broad money supply has finally started to grow at the rates the MPC was aiming for when it began its policy of quantitative easing (QE). However, we are yet to see a decent pick-up in bank lending... 2nd June 2010 · 1 min read
UK Economics Update Spending cuts just the tip of the iceberg The planned efficiency savings detailed by the new Government today are just the tip of the iceberg. Much bigger cuts, alongside hefty tax increases, will be needed to bring the budget deficit down. 24th May 2010 · 1 min read
UK Economics Update OBR details underline likelihood of tax hikes George Osborne’s presentation today of the new Office for Budget Responsibility as an answer to the previous Government’s habitual over-optimism on the economy and the public finances reinforces our... 17th May 2010 · 1 min read
UK Economics Update OBR could prompt bigger budget tax hikes The fact that the forthcoming emergency budget will incorporate economic and fiscal forecasts produced by the new Office for Budget Responsibility (OBR) increases the likelihood that it will include... 13th May 2010 · 1 min read
UK Economics Update OBR could prompt bigger budget tax hikes The fact that the forthcoming emergency budget will incorporate economic and fiscal forecasts produced by the new Office for Budget Responsibility (OBR) increases the likelihood that it will include... 13th May 2010 · 1 min read
UK Economics Update Tax bargaining just a sideshow to the great squeeze While the first job for the coalition parties was to iron out the differences in their manifesto pledges, the tax changes announced are just a sideshow to the real action needed to address the fiscal... 12th May 2010 · 1 min read
UK Economics Update Tax bargaining just a sideshow to the great squeeze While the first job for the coalition parties was to iron out the differences in their manifesto pledges, the tax changes announced are just a sideshow to the real action needed to address the fiscal... 12th May 2010 · 1 min read
UK Economics Update Fiscal uncertainty keeps MPC on hold Political uncertainty no doubt played a large part in the decision by the Monetary Policy Committee (MPC) to keep policy unchanged today. But with a large fiscal squeeze looming - whatever government... 10th May 2010 · 1 min read
UK Economics Update Economy should not scupper the deal Whether or not the Conservatives and the Liberal Democrats are able to form a stable government will depend on all sorts of issues. But we see no reason why apparent differences on economic and fiscal... 10th May 2010 · 1 min read
UK Economics Update Economy should not scupper the deal Whether or not the Conservatives and the Liberal Democrats are able to form a stable government will depend on all sorts of issues. But we see no reason why apparent differences on economic and fiscal... 10th May 2010 · 1 min read
UK Economics Update Fiscal uncertainty keeps MPC on hold Political uncertainty no doubt played a large part in the decision by the Monetary Policy Committee (MPC) to keep policy unchanged today. But with a large fiscal squeeze looming - whatever government... 10th May 2010 · 1 min read
UK Economics Update How will sterling markets fare after the election? We are not convinced that a hung parliament in the UK would now be such bad news for all sterling assets. Whatever the outcome of tomorrow’s general election, we think 10-year gilt yields will drop to... 5th May 2010 · 1 min read
UK Economics Update UK election ushers in the Great Squeeze Tomorrow’s general election will mark the beginning of a new and difficult phase for the UK economy. Get ready for the Great Squeeze. 5th May 2010 · 1 min read
