UK Economics Weekly Low tax/low spending rhetoric is fiscal fiction It’s true that the Chancellor’s pre-election splurge unveiled in this week’s Autumn Statement was the biggest tax-cutting package since 1988. But the reality is that the tax burden is still set to... 24th November 2023 · 4 mins read
Japan Economics Weekly Kishida on the ropes PM Kishida's disapproval rating has reached levels that prompted his two predecessors to resign. While Kishida could call snap elections by early next year, LDP leadership elections looming for autumn... 24th November 2023 · 7 mins read
Australia & New Zealand Economics Weekly Homegrown inflation set to slow further Following a rather hawkish speech by RBA Governor Michele Bullock, the financial markets now consider it more likely than not that the Bank will lift interest rates further next year. However... 24th November 2023 · 7 mins read
Event Global Drop-In: Fed, ECB and BoE December meetings and the 2024 policy outlook 14th December 2023, 3:00PM GMT A year of the most aggressive monetary tightening in a generation is expected to end with the major DM banks leaving rates on hold at their December meetings.
UK Economics Rapid Response UK Migration (Jun. 2023) The net migration figures for the year to June 2023 give some ammunition to both sides of the political divide. When it comes to the economy, it’s disappointing that despite strong net migration the... 23rd November 2023 · 3 mins read
UK Economics Rapid Response UK S&P Global/CPIS Flash PMIs (Nov. 2023) The rise in the flash composite activity PMI, from 48.7 in October to 50.1 in November, is still consistent with a mild contraction in real GDP. However, activity isn’t weak enough to reduce... 23rd November 2023 · 3 mins read
Australia & New Zealand Economics Update Migration not the sole cause for productivity slump While subdued capital spending has contributed to the slump in productivity, the recent plunge in the capital/labour ratio can only partly be explained by the surge in net migration. 23rd November 2023 · 3 mins read
UK Economics Focus Autumn Statement – Pre-election splurge, post election squeeze The net giveaway the Chancellor announced in the Autumn Statement is designed to curry favour ahead of an election late in 2024. However, fiscal policy is still being tightened in 2024/25 and it looks... 22nd November 2023 · 16 mins read
US Economics Weekly Post SVB bank lending holding up well The SVB crisis back in mid-March sparked fears of a credit crunch, particularly among regional banks who are the principal source of funding for commercial real estate. Post-SVB, while the Fed’s... 22nd November 2023 · 6 mins read
UK Economics Rapid Response UK Autumn Fiscal Statement (22nd Nov. 2023) For more detailed analysis of the Autumn Statement, see our UK Economics Focus here. The net new giveaway the Chancellor announced today of £14.3bn in 2024/25 (0.5% of GDP) is a bit bigger than the... 22nd November 2023 · 3 mins read
Event UK Housing Drop-In: Is the worst behind the UK housing market? 1st December 2023, 9:30AM GMT Chief Property Economist Andrew Burrell and Andrew Wishart, who leads our UK housing coverage, held a client briefing shortly after the release of t
Canada Economics Update Freeland avoids pouring more fuel on the inflation fire Faced with much higher interest costs, Finance Minister Chrystia Freeland outlined very little in the way of new spending measures in the Fall Economic Statement today. Most of the focus was on non... 21st November 2023 · 3 mins read
