Including thoughts on UK GDP, “rocket and feather” pricing at the pumps, should the BoE follow the ECB, US bond market intervention, German defence spending, and the latest UK evidence on “second round” effects... Theme of the Week The reassuringly strong GDP data added to evidence that the UK economy is holding up better than … Continue reading Weekly wrap – Has the UK economy really “turned the corner”?
Category: global economy
Don’t bank on a “Burnham bounce”
Andy Burnham's first week as PM has coincided with some better economic news. The more positive tone from No.10 may help a little further, but the inflation and fiscal risks haven't gone away. Andy Burnham’s first week as Prime Minister has coincided with some better news on the UK economy and especially on business and … Continue reading Don’t bank on a “Burnham bounce”
Weekly wrap: don’t forget the US-Iran war…
The spotlight is on Andy Burnham, but the immediate prospects both for UK markets and for the economy may depend more on events in the Middle East than in Westminster for quite a while yet. Welcome to the latest summary of news that caught my eye over the past seven days. Theme of the week … Continue reading Weekly wrap: don’t forget the US-Iran war…
How much should we worry about surging gilt yields?
Investors are mainly being spooked by global inflation fears, not UK politics. But the additional uncertainty created by the crisis in the Labour government is definitely not helping! Once again, UK government bonds (aka gilts) are making the news again, and not in a good way. The yields on these bonds can be read as … Continue reading How much should we worry about surging gilt yields?
Plain-speaking Economics 