There has been some speculation that Wednesday’s UK CPI data for July will include an “Oasis bump”. In fact, the fallout from the reunion gigs is unlikely to have a significant impact on UK-wide inflation, and even less likely to influence UK monetary policy. Nonetheless, this is an interesting angle, so here goes anyway. (I’ve … Continue reading Will the July inflation data reveal an “Oasis bump”?
Tag: economics
Better news on growth, but still not good enough
The latest GDP data should ease fears that the UK economy is sliding back into recession. But growth is still too weak to fix the public finances, or encourage hiring and investment, and there are already signs that any positive momentum is fading again. First, though, the good news. GDP grew by 0.3% in the … Continue reading Better news on growth, but still not good enough
One and a half cheers for Rachel Reeves!
The Chancellor has a taxing job (pun intended), but we all deserve a break occasionally. So, I’m going to be positive about her latest Mansion House speech. Admittedly, there is nothing here to justify the hype about a new ‘Big Bang. The so-called ‘Leeds Reforms’ (in a nod to Reeves’ constituency) are little more than a … Continue reading One and a half cheers for Rachel Reeves!
The UK economy’s strong start to the year was a flash in the pan (reprise)
On Monday the Office for National Statistics (ONS) confirmed that the UK economy grew by 0.7% in the first quarter of the year, as measured by Gross Domestic Product (GDP). That may sound impressive and was certainly better than most had expected a few months earlier. But unfortunately, it was as good as it gets. … Continue reading The UK economy’s strong start to the year was a flash in the pan (reprise)
Plain-speaking Economics 