First, the bad news – and there is plenty of it. Updated figures from the Office for National Statistics show that the UK economy failed to grow at all in the third quarter of the year, revised down from an increase in GDP of just 0.1%. Most forecasters, including the Bank of England, expect zero … Continue reading UK economy has stalled but disaster not yet inevitable
Tag: bank of england
Stalling economy unlikely to sway the Bank of England
On Thursday (19 December), the Bank of England’s Monetary Policy Committee (MPC) will reveal its latest interest rate decision. Those of us hoping that the recent bad economic news will prompt another cut are set to be disappointed. Believe it or not, most forecasters still expect Rachel Reeves’ first Budget to boost the economy in … Continue reading Stalling economy unlikely to sway the Bank of England
Is Britain really fated for economic decline?
Another day, another flurry of bad news on the fallout from October’s Budget. The BDO Monthly Business Trends indices - which pull together the results of all the main UK business surveys – show that confidence has fallen to the lowest level in almost two years, with output and employment down, and only inflation up. … Continue reading Is Britain really fated for economic decline?
More pain to come as Budget measures bite
The jump in inflation in October was not a big surprise after the 10% increase in household fuel bills, but the cost-of-living crisis will worsen before it gets better. Most commentators expect the measures in last month’s Budget to add to inflation next year, as businesses pass on the costs of the large increases in … Continue reading More pain to come as Budget measures bite
Plain-speaking Economics 