As far as the Bank of England is concerned, the inflation panic is over for now. You may recall that many feared that one of Mark Carney’s first acts as governor of the Bank of England would be to put pen to paper and knock off a quick letter to...Read More
This morning the latest Purchasing Managers’ Index (PMI) on UK construction was out, and boy was it good. It was especially good for residential construction.
Posted Sep 03, 2013
The headline PMI for UK construction hit 59.1 – that is seasonally adjusted by the way. To put this in context, any score over...Read More
Is it for real? We keep hearing talk of an export-led recovery for the UK. But is it simply that the UK exports are so low that any rise looks to be quite significant in percentage terms. A new report from Ernst and Young provides just a hint that this...Read More
Posted Aug 27, 2013
There is good and bad side to a currency falling in value. A cheaper currency is bad news for importers. It is bad news for consumers who want to pay as little as possible for the goods they buy, and for their holidays abroad. A falling currency can be bad...Read More
Posted Aug 23, 2013
The last couple of days has seen news on the UK to delight all but the most cynical. Alas it has also seen news to make the cynical look smug, and say ‘I told you so’.
Posted Aug 13, 2013
The good news relates to trade. Exports of goods in the second quarter...Read More
If only interest rates were higher; it’s the lament of savers everywhere. Then they could enjoy a nice little income from hard-won savings. Some don’t merely sigh; they grimace; they are angry. They worked hard all their life. They saved hard, putting off holidays, sacrificed transitory pleasures today for security,...Read More
Posted Aug 12, 2013
"Software (Google and Amazon), hardware and design (Apple), social networking (Facebook and Twitter), biotech, pharmaceuticals, robotics, nanotechnology, entertainment and retail (Wal-Mart)” – these are the bedrocks of modern capitalism. And without high rewards for the innovators – the people who broke the mould and gave us great new innovations –...Read More
Posted Jul 22, 2013
In the UK there is something confusing going on. They call it the productivity puzzle. Why is it that during the worst downturn ever suffered by the UK – at least it’s the worst since the beginning of the last century which is how far back the data goes –...Read More
Posted Jul 17, 2013
The threat posed by debt just won’t die down. Last week we reported that the Bank of England’s figures suggest that the UK cannot afford much higher interest rates. New figures from the Resolution Foundation suggest that the situation is even worse than the Bank of England suggested.
Posted Jul 15, 2013
The rich get richer and the poor get poorer. It sucks, but that is the way of the world. At least that is what most of us assume, but data from the ONS out this week suggests this may be wrong.
Posted Jul 12, 2013
Since the start of the economic downturn in...Read More