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
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
UK Economics Update Monetary Indicators Monitor (Apr.) There are finally tentative signs that the Bank of England’s programme of quantitative easing (QE) is boosting the broad money supply. However, bank lending, particularly to businesses, remains weak. 4th May 2010 · 1 min read
UK Economics Update Macroprudential toolkit could help interest rates stay low While all main parties look set to leave the current inflation-targeting regime in place, all seem agreed on the need for some form of so-called “macroprudential” toolkit. New tools to control asset... 29th April 2010 · 1 min read
