Filtered by Subscriptions: UK Economics Use setting UK Economics
Gordon Brown will present his seventh Pre-Budget Report (PBR) on December 10th against a now familiar background of rapidly escalating public borrowing. We expect him to push his forecast for Public Sector Net Borrowing in the current year up by around …
3rd December 2003
This report is only available as a PDF. Click to download. … Rate rise is final straw for consumer confidence …
1st December 2003
Household debt continues to rise at worryingly rapid rates, having already reached record highs relative to households’ income. Admittedly, debt servicing costs are historically low, with interest payments on household debt equalling just 7.2% of …
26th November 2003
This report is only available as a PDF. Click to download. … Falling services inflation to help limit rate hikes …
24th November 2003
With the threat of falling house prices around the corner, the question inevitably arises of whether we are about to see a return of the widespread negative equity of the 1990s, when thousands of households saw the value of their houses fall below that of …
20th November 2003
This report is only available as a PDF. Click to download. … MPC’s growth optimism justifies rate rises...for now …
17th November 2003
The growth of average earnings is likely to pick up over the next two years. We see it accelerating from an average of 3.4% this year to 4% in 2004 and 4.5% in 2005 due to a number of special factors. … Average earnings growth to …
11th November 2003
This report is only available as a PDF. Click to download. … Is the MPC hiding behind sterling? …
10th November 2003
Predictions from some forecasters that interest rates are set to rise to 5% or above in the current cycle are based at least in part on the assumption that the Monetary Policy Committee will want to raise interest rates back up to a “neutral” level from …
9th November 2003
This report is only available as a PDF. Click to download. … Is the MPC targeting asset prices? …
6th November 2003
This report is only available as a PDF. Click to download. … Is the MPC going beyond its remit? …
3rd November 2003
This report is only available as a PDF. Click to download. … Short sterling is wrong – despite those sales data …
27th October 2003
This report is only available as a PDF. Click to download. … Interest rates – where to and with what effect? …
This report is only available as a PDF. Click to download. … Forecast change – UK rates to rise to 4.25% by mid-2004 …
22nd October 2003
This report is only available as a PDF. Click to download. … Mr King’s comments excite – but for no real reason …
20th October 2003
This report is only available as a PDF. Click to download. … The manufacturing recovery needs nurturing …
13th October 2003
This report is only available as a PDF. Click to download. … Hey presto, the consumer slowdown’s back! …
6th October 2003
Conventional wisdom has had it that the impending switch in the targeted measure of UK inflation from RPIX to the harmonised index of consumer prices (HICP) will have either a neutral or downward influence on UK interest rates. But this view has been …
30th September 2003
This report is only available as a PDF. Click to download. … Tinkering with the trend won’t save the public finances …
29th September 2003
In May next year, eight Central and Eastern European Countries together with Cyprus and Malta will join the European Union, increasing membership from 15 to 25 states. How this enlargement works will be a test case for the still greater enlargements which …
27th September 2003
This report is only available as a PDF. Click to download. … MPC flirts with a dangerous game …
22nd September 2003
This report is only available as a PDF. Click to download. … Forecast change – UK interest rates on hold until Q3 2004 …
18th September 2003
This report is only available as a PDF. Click to download. … Future looks brighter for manufacturing …
15th September 2003
This report is only available as a PDF. Click to download. … The upturn in the housing market won’t last …
8th September 2003
This report is only available as a PDF. Click to download. … Rate expectations will drop back...some day! …
1st September 2003
This report is only available as a PDF. Click to download. … Consumers still spending for now… thank goodness …
25th August 2003
Recent months have seen renewed concerns over the outlook for the public finances, prompted both by the latest fiscal numbers themselves and worries over the future performance of the economy. Together, these have led some forecasters to predict that …
18th August 2003
This report is only available as a PDF. Click to download. … Higher saving doesn’t negate debt worries …
This report is only available as a PDF. Click to download. … A lifeline for Mr Brown …
11th August 2003
This report is only available as a PDF. Click to download. … Further rate cuts still on the cards …
7th August 2003
This report is only available as a PDF. Click to download. … Bond sell-off not underpinned by fundamentals …
4th August 2003
This report is only available as a PDF. Click to download. … Strong borrowing doesn’t rule out further rate cuts …
Households have been building up debt at ever increasing rates over the past few years, spurred on by low interest rates and rising house prices. The average household now has debts totalling about £45,000, equivalent to 130% of its income. … The Debt …
28th July 2003
This report is only available as a PDF. Click to download. … The consumer returns, but not for long …
This report is only available as a PDF. Click to download. … Price pressures ease further …
21st July 2003
This report is only available as a PDF. Click to download. … Beware of the cautious consumer …
14th July 2003
This report is only available as a PDF. Click to download. … On the way to 3% …
10th July 2003
This report is only available as a PDF. Click to download. … Why wait? …
7th July 2003
This report is only available as a PDF. Click to download. … Fed’s caution won’t stop UK interest rates falling …
30th June 2003
The Treasury’s assessment of the five economic tests to determine whether the UK should adopt the euro has had an unexpected benefit – five ideas for reform, admittedly not all new, to improve the efficiency of the UK economy. The Treasury’s assessment of …
27th June 2003
This report is only available as a PDF. Click to download. … Spending’s slowing, but there’s no sign of the cavalry …
23rd June 2003
In his speech on the assessment of the economic tests for UK membership of the euro, the Chancellor confirmed the Treasury’s second worst-kept secret too – that the UK will adopt the European harmonised index of consumer prices (HICP) as its targeted …
16th June 2003
This report is only available as a PDF. Click to download. … No euro – and the dole queues are lengthening …
This report is only available as a PDF. Click to download. … Luke-warm assessment belies friendly rhetoric …
9th June 2003
This report is only available as a PDF. Click to download. … If not now then when? …
This report is only available as a PDF. Click to download. … MPC will cut rates later this year …
5th June 2003
This report is only available as a PDF. Click to download. … Closer than it looks …
2nd June 2003
This report is only available as a PDF. Click to download. … Hawks chase their tails …
27th May 2003
This report is only available as a PDF. Click to download. … The door’s still open …
19th May 2003
Now that the UK has decided not to adopt the euro, attention will turn to the implications of this decision. Many studies in the last year or so have concluded that the UK has already missed out on a large chunk of Foreign Direct Investment (FDI). This …
12th May 2003
