UK Economics Update State-supported banking system still looks too weak to lend The Government today announced more details on its latest round of assistance for UK banks. With the banking system still heavily dependent on state support, a significant pick-up in bank lending... 3rd November 2009 · 1 min read
UK Economics Update State-supported banking system still looks too weak to lend The Government today announced more details on its latest round of assistance for UK banks. With the banking system still heavily dependent on state support, a significant pick-up in bank lending... 3rd November 2009 · 1 min read
UK Economics Update London 2012 – Still no gold medal for the economy On 31st October, there will be 1000 days to go until the start of the London 2012 Olympics. Without wishing to downplay the sporting and cultural significance of the Games, we doubt they will provide... 29th October 2009 · 1 min read
UK Economics Update London 2012 – Still no gold medal for the economy On 31st October, there will be 1000 days to go until the start of the London 2012 Olympics. Without wishing to downplay the sporting and cultural significance of the Games, we doubt they will provide... 29th October 2009 · 1 min read
UK Economics Update Lloyds going it alone may not help the lending outlook It is looking increasingly likely that the Government will allow Lloyds Banking Group to bow out of the Asset Protection Scheme (APS). While this is testimony to the improvement in both financial and... 29th October 2009 · 1 min read
UK Economics Update Lloyds going it alone may not help the lending outlook It is looking increasingly likely that the Government will allow Lloyds Banking Group to bow out of the Asset Protection Scheme (APS). While this is testimony to the improvement in both financial and... 29th October 2009 · 1 min read
UK Economics Update Growth revision would not change the big picture Last week’s provisional GDP figures showing the UK economy unexpectedly contracting in Q3 have prompted much debate over whether the figures under-represented the true strength of the economy and will... 27th October 2009 · 1 min read
UK Economics Update Fear of another Winter of Discontent overdone Fears are growing that the UK is heading for a repeat of the damaging industrial action that characterised the so-called “Winter of Discontent” in 1978/9. However, we doubt that the damage to the... 26th October 2009 · 1 min read
UK Economics Update Fear of another Winter of Discontent overdone Fears are growing that the UK is heading for a repeat of the damaging industrial action that characterised the so-called “Winter of Discontent” in 1978/9. However, we doubt that the damage to the... 26th October 2009 · 1 min read
UK Economics Update Monetary Indicators Monitor (Oct.) The narrow M0 measure of the money supply is still being kept high by the Bank of England’s asset purchases, but the broad money aggregates remain much weaker. That said, September’s figures on money... 20th October 2009 · 1 min read
UK Economics Update Big-ticket items benefit most from rising consumer confidence The recent rise in consumer confidence may not be sustained. But for now, it is big-ticket items that seem most likely to benefit from the improvement in sentiment. 19th October 2009 · 1 min read
UK Economics Update Big-ticket items benefit most from rising consumer confidence The recent rise in consumer confidence may not be sustained. But for now, it is big-ticket items that seem most likely to benefit from the improvement in sentiment. 19th October 2009 · 1 min read
UK Economics Update Rising unemployment to keep pay growth slowing At its September meeting, the Monetary Policy Committee noted the importance of earnings growth for the inflation outlook and suggested that firms had in part squeezed pay to offset the effect of... 14th October 2009 · 1 min read
UK Economics Update Can the lower pound offset the fiscal squeeze? There are have been suggestions that the adverse impact on the economy of the coming fiscal tightening will be largely or wholly offset by the positive effects of the fall in the sterling exchange... 14th October 2009 · 1 min read
UK Economics Update Can Brown do a Major? The recent improvement in consumer confidence might give Gordon Brown hope that he can emulate John Major and pull off an unlikely election victory in the aftermath of a deep recession. But much... 13th October 2009 · 1 min read
UK Economics Update MPC just waiting for November’s meeting The Monetary Policy Committee (MPC) has made it clear that it wants to wait until November before re-assessing its programme of asset purchases, so today’s no-change decision was of little surprise... 8th October 2009 · 1 min read
