Filtered by Subscriptions: UK Economics Use setting UK Economics
Headlines over the past month have been dominated by the steps needed to reduce the public sector deficit, with Prime Minister Gordon Brown finally uttering the “c” word and talking about cutting government spending. The public finances have continued to …
2nd October 2009
The Monetary Policy Committee (MPC) has made it fairly clear that it will wait until November before deciding whether to extend its quantitative easing (QE) programme again. This will coincide with the completion of the current set of asset purchases and …
1st October 2009
This report is only available as a PDF. Click to download. … CIPS/Markit manufacturing (Sep.) & Credit Conditions Survey (Q3) …
This report is only available as a PDF. Click to download. … UK Index of Services (Jul.), Cons. Conf. (Sep.) & Productivity (Q2) …
30th September 2009
The Q2 National Accounts suggested that households have gone some way to repairing their finances. However, we think that this process has much further to go. … Saving rate still some way from …
29th September 2009
This report is only available as a PDF. Click to download. … National Accounts (Q2), M4 & H’hold borrowing (Aug.) …
This report is only available as a PDF. Click to download. … MPC Minutes (Sep.) …
23rd September 2009
Despite the recent rise in share prices, firms’ pension funds remain in a sorry state. This is just one of the reasons why domestic demand is unlikely to help to drive the economic recovery. … Pension deficits another constraint on investment …
21st September 2009
There are still only tentative signs that quantitative easing (QE) is starting to boost the broad money supply. Money growth is certainly still below the rates consistent with a decent economic recovery. … Monetary Indicators Monitor …
18th September 2009
This report is only available as a PDF. Click to download. … Public Finances (Aug.) …
The recent strength of high street spending has been impressive, but we may now be seeing the first signs of a slowdown. Even if the resilience lasts a bit longer, the outlook for next year looks pretty bleak. Not only is unemployment still rising and pay …
17th September 2009
This report is only available as a PDF. Click to download. … UK Retail Sales (Aug.) & CBI Ind. Trends (Sep.) …
This report is only available as a PDF. Click to download. … UK Labour Data (Jul./Aug.) …
16th September 2009
This report is only available as a PDF. Click to download. … UK Consumer Prices (Aug.) & MPC Testimony …
15th September 2009
With a significant pick-up in bank lending still looking unlikely, hopes are pinned on the economy achieving a so-called “creditless recovery.” This type of upturn has been seen before, both in the UK and abroad. However, the conditions for such a …
14th September 2009
This report is only available as a PDF. Click to download. … Producer Prices (Aug.) …
11th September 2009
This report is only available as a PDF. Click to download. … Halifax House Price Index (Aug) …
10th September 2009
Having only extended its quantitative easing programme last month, the Monetary Policy Committee was always likely to sit on its hands today. But with the economic outlook still highly uncertain and few signs that its previous asset purchases are having …
The recent improvement in the tone of the domestic economic data and some upward revisions to our global economic forecasts have led us to nudge our forecasts for UK GDP growth in 2010 a bit higher. But we still expect the UK recovery to lag behind those …
9th September 2009
This report is only available as a PDF. Click to download. … UK Trade (Jul.) …
This report is only available as a PDF. Click to download. … UK Industrial Production (Jul.) …
8th September 2009
August’s UK car registration figures showed that the scrappage scheme introduced in May is giving a sizeable boost to new car sales. But it is likely to give only a minimal boost to the overall economy. … Scrappage scheme boosts car sales – but wider …
4th September 2009
The Monetary Policy Committee (MPC) is unlikely to alter its quantitative easing (QE) programme at this meeting, given that it was only last month that it voted to extend the policy. Nonetheless, we see scope for the policy to be extended again later this …
3rd September 2009
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 …
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
