Filtered by Subscriptions: UK Economics Use setting UK Economics
CPI inflation was unchanged in July and is still being slow to fall compared with other countries. However, this primarily reflects the impact of the lower pound and this effect should now be easing. The more important influence on inflation over the …
3rd September 2009
Today’s figures on banks’ debt write-offs are a reminder that, whilst the biggest losses on so-called “toxic” assets may be behind us, the recession-related losses on conventional loans to firms and households are only just starting to come through. … …
1st September 2009
This report is only available as a PDF. Click to download. … UK M4, Lending & CIPS/Markit Manufacturing (Jul./Aug.) …
This report is only available as a PDF. Click to download. … GDP: Output, Income and Expenditure (Q2) …
28th August 2009
This report is only available as a PDF. Click to download. … Nationwide house prices (Aug) …
27th August 2009
This report is only available as a PDF. Click to download. … UK CBI Dist. Trades Survey (Aug. )& Bus. Investment (Q2) …
Conditions in the banking system have clearly been improving. However, we doubt that this transforms the lending outlook. Indeed, we continue to think that over the foreseeable future, bank lending will fall well short of the levels needed to drive a …
26th August 2009
The recent rises in the major house price indices have fanned hopes that the worst of the housing market correction is now behind us. Yet price rises driven only by a temporary imbalance between the number of willing buyers and sellers will not be …
21st August 2009
Retail sales remain strong and the resilience shows no sign of fading anytime soon. What’s more, there have been signs of improvement in spending off the high street. So while consumer spending is probably still falling, it seems to be contracting at a …
Given how much money the Monetary Policy Committee (MPC) has now pumped into the economy through its quantitative easing (QE) policy, the Committee’s preferred measure of broad money growth remains disappointingly weak. … Monetary Indicators Monitor …
20th August 2009
This report is only available as a PDF. Click to download. … UK Retail Sales & Public Finances (Jul.) …
This report is only available as a PDF. Click to download. … MPC Minutes & CBI Industrial Trends (Aug.) …
19th August 2009
This report is only available as a PDF. Click to download. … UK Consumer Prices (Jul.) …
18th August 2009
Employment during this recession is on course to fall by less than its past relationship with GDP would suggest. Nonetheless, the labour market shake-out still has a lot further to go. … Labour market flexibility won’t prevent further job …
17th August 2009
With a fiscal consolidation looming, households facing pressure to raise their saving rates and the lower pound giving limited support to exports, it is hard to see what might turn the recent signs of green shoots into a more sustained recovery. Might …
13th August 2009
Yesterday’s Bank of England Inflation Report highlighted a number of reasons why quantitative easing (QE) is having more success than might first appear. However, the big picture is that it is not doing enough to generate a strong economic recovery. … QE …
This report is only available as a PDF. Click to download. … Bank of England Inflation Report (August) …
12th August 2009
This report is only available as a PDF. Click to download. … UK Labour Data (Jun./Jul.) …
This report is only available as a PDF. Click to download. … UK Trade (Jun.) & BRC Retail Sales Monitor (Jul.) …
11th August 2009
The Monetary Policy Committee (MPC) has recently put great store in the broad money figures as a measure of the effectiveness of its quantitative easing (QE) policy. Its preferred measure of money is growing at an annualised rate of 3.7%. We think it …
10th August 2009
This report is only available as a PDF. Click to download. … MPC stays focused on the task at hand …
This report is only available as a PDF. Click to download. … Producer Prices (Jul.) & Insolvencies (Q2) …
7th August 2009
The fact that the Monetary Policy Committee (MPC) extended its policy of asset purchases by another £50bn at today’s meeting no doubt reflected the limited impact of quantitative easing (QE) so far and the fitful nature of the economic recovery. With the …
6th August 2009
This report is only available as a PDF. Click to download. … Halifax House Price Index (July) …
5th August 2009
Markets have reacted positively to the interim results released by the major banks in the past few days. Indeed, the banking sector appears to be getting back on its feet. But there was little in the results to suggest that bank lending is reaching the …
This report is only available as a PDF. Click to download. … UK Ind. Prod. (Jun.) & CIPS/Markit Report on Services (Jul.) …
This report is only available as a PDF. Click to download. … M4 Money Supply (Q2) …
4th August 2009
There are few signs that either money or lending growth is showing the improvement needed to turn the fragile signs of economic recovery into a strong and sustained upturn. The MPC’s preferred measure of broad money or M4 fell in June, while annual …
3rd August 2009
This report is only available as a PDF. Click to download. … CIPS Report on Manufacturing (Jul.) …
This report is only available as a PDF. Click to download. … Falls in money and lending argue for more QE …
This report is only available as a PDF. Click to download. … Nationwide house prices (July) …
30th July 2009
The fact that the Monetary Policy Committee (MPC) chose not to extend its quantitative easing (QE) programme at July’s meeting has been taken by some as a sign that it thinks that a sufficient amount of assets have been purchased. We do not agree. We …
Recent speculation that the Government may soon look to sell off its shares in some or all of the nationalised banks has raised the question of whether the proceeds from such sales might reduce the need for a major fiscal tightening to get the public …
29th July 2009
This report is only available as a PDF. Click to download. … UK Bank of England Lending Figures (Jun.) …
Getting the public finances back to a sustainable position within a reasonable timeframe is likely to require both sizeable tax increases and the tightest squeeze on public spending seen for generations. This combination could hinder the economy’s growth …
28th July 2009
This report is only available as a PDF. Click to download. … UK CBI Distributive Trades Survey (Jul.) …
With the number of reported cases of swine flu rising sharply, estimates of the impact of the pandemic on the global and UK economies are escalating too. Upper estimates for the damage to the UK have reached 3% of GDP – roughly half the amount of output …
27th July 2009
This report is only available as a PDF. Click to download. … MPC takes hope from new money figures …
This report is only available as a PDF. Click to download. … Provisional GDP (Q2) …
24th July 2009
