Filtered by Subscriptions: UK Economics Use setting UK Economics
The Monetary Policy Committee (MPC) is likely to wait for February’s Inflation Report before reviewing its asset purchase programme. Interest rates and the £200bn quantitative easing programme are therefore likely to be left unchanged at this week’s …
4th January 2010
Broad money growth remains disappointingly sluggish given the large amount of money the Bank of England has pumped into the economy. And while lenders claim to be expanding the supply of credit, lending growth itself remains weak and is likely to …
December’s data on industry and the housing market suggest that the UK economy ended last year with reasonable momentum. Nonetheless, 2010 is likely to be a year of gradual recovery, rather than booming growth. … CIPS/Markit Report on Manufacturing …
A mood of doom and gloom has descended regarding the UK economy. The fact that the UK has been much slower to exit recession than other economies has raised concerns that its previous economic success was just an illusion and that the recent crisis has …
This report is only available as a PDF. Click to download. … National Accounts & Balance of Payments (Q3) …
22nd December 2009
Conditions in the banking sector have been improving, but in its latest Financial Stability Report (FSR), the Bank of England echoed our view that banks still have a lot more work to do in repairing their balance sheets. We still doubt that bank lending …
18th December 2009
This report is only available as a PDF. Click to download. … Public Finances & Money Supply (Nov.) …
It does not appear to have been a spectacular run-up to Christmas on the high street so far. But with the Chancellor confirming that VAT will return to 17.5% on 1st January, we should see an end-of-year surge as people bring forward some spending. This …
17th December 2009
This report is only available as a PDF. Click to download. … UK Retail Sales (Nov.) & CBI Dist. Trades (Dec.) …
This report is only available as a PDF. Click to download. … UK Labour Data (Oct./Nov.) …
16th December 2009
This report is only available as a PDF. Click to download. … UK Consumer Prices (Nov.) …
15th December 2009
This report is only available as a PDF. Click to download. … Producer Prices (Nov.) …
11th December 2009
The Monetary Policy Committee (MPC) never looked likely to take any action today. But even though the Committee has slowed its rate of asset purchases, it might yet have to give the economy more support in the new year – whether through more quantitative …
10th December 2009
As highlighted by this week’s dismal trade figures, evidence of a boost from the lower level of sterling is conspicuous by its absence. There remain few signs that the drop in the pound is either boosting exports or reducing imports. … Still little …
Consumers are likely to bear the brunt of the looming tax rises and government spending cuts. The worst year of the fiscal squeeze looks likely to be 2011, when we think that it could knock some 2.5% off households annual income growth. … Pre-Budget …
9th December 2009
This report is only available as a PDF. Click to download. … UK Trade (Oct.) …
This checklist is intended to help clients keep track of the important measures and numbers announced during the Chancellor’s Pre-Budget Report speech at 12.30pm and to provide some instant context. … Pre-Budget …
This report is only available as a PDF. Click to download. … UK Ind. Prod. (Oct.) & CBI Industrial Trends (Dec.) …
8th December 2009
This report is only available as a PDF. Click to download. … Halifax House Price Index (Nov) …
With the Monetary Policy Committee (MPC) likely to wait for February’s Inflation Report before reviewing its asset purchase programme, this week’s meeting should be a non-event. In any case, the Committee’s decision to extend its quantitative easing (QE) …
3rd December 2009
This report is only available as a PDF. Click to download. … UK CIPS/Markit Report on Services (Nov.) …
Consumers are likely to bear the brunt of the looming tax rises and government spending cuts. The worst year of the fiscal squeeze looks likely to be 2011, when we think that it could knock some 2.5% off households annual income growth. … How will …
2nd December 2009
October’s rise in CPI inflation from 1.1% to 1.5% marked the start of an upward trend which could see inflation rise to 3% or above early next year. (See Chart.) Energy base effects and the planned reversal of the VAT cut will be the main drivers of the …
This report is only available as a PDF. Click to download. … CIPS/Markit Report on Manufacturing (Nov.) …
1st December 2009
The narrow M0 measure of the money supply is being kept high by the Bank of England’s asset purchases. However, the broad money aggregates remain weak. In fact, today’s data showed that the measure of the money supply most closely related to economic …
30th November 2009
This report is only available as a PDF. Click to download. … Mortgage lending (October) …
25th November 2009
This report is only available as a PDF. Click to download. … GDP: Output, Income and Expenditure (Q3) …
All of the main measures of retail spending were strong in October. And spending will receive further support in the next month or two as consumers bring forward some purchases ahead of the reversal of the VAT cut on 1st January. So although it is …
19th November 2009
This report is only available as a PDF. Click to download. … UK Retail Sales, Public Finances & M4 (Oct.) …
This report is only available as a PDF. Click to download. … MPC Minutes & CBI Industrial Trends (Nov.) …
18th November 2009
This report is only available as a PDF. Click to download. … UK Consumer Prices (Oct.) …
17th November 2009
The recent improvement in the unemployment figures has quietened concerns about the labour market. But we think that much of the labour market adjustment is yet to come. We continue to expect unemployment to breach the 3 million mark and to stay there for …
12th November 2009
This report is only available as a PDF. Click to download. … Bank of England Inflation Report (Nov.) …
11th November 2009
This report is only available as a PDF. Click to download. … UK Labour Data (Sep./Oct.) …
This report is only available as a PDF. Click to download. … UK Trade (Sep.) & BRC Retail Sales (Oct.) …
10th November 2009
This report is only available as a PDF. Click to download. … Producer Prices (Oct.) …
6th November 2009
The Monetary Policy Committee’s decision to extend its quantitative easing (QE) programme by only £25bn today presumably reflects the recent improvement in some of the economic indicators. But with the strength and durability of the recovery still highly …
5th November 2009
This report is only available as a PDF. Click to download. … UK Industrial Production (Sep.) …
This report is only available as a PDF. Click to download. … UK CIPS/Markit Report on Services (Oct. …
4th November 2009
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 continues to look unlikely. We still expect the continued …
3rd November 2009
This report is only available as a PDF. Click to download. … CIPS/Markit Report on Manufacturing (Oct.) …
2nd November 2009
The news that the economy failed to emerge from recession in the third quarter highlighted that the recovery will be a long and painful process. Not only is this now the longest recession since at least 1955, when quarterly data began, but the UK looks …
This report is only available as a PDF. Click to download. … UK GfK/NOP Consumer Confidence (Oct.) …
30th October 2009
We anticipate more monetary fireworks from the Monetary Policy Committee (MPC) at its meeting on 5th November. With the previous extension to its quantitative easing (QE) programme now complete and the economy still stuck firmly in recession, we expect it …
29th October 2009
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 as large a boost to the UK economy as some recent …
