A well-deserved defeat for Donald Trump and more dither and delay from Andy Burnham. At least the BoE delivered a decisive rate hike – the first of ‘two and done’? – and it was right to do so. Theme of the Week Global attention turned to the aftermath of the US mid-term elections, where Trump’s … Continue reading Weekly wrap – Mid-term blues
Tag: mortgages
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?
Rachel Reeves ‘£4,800’ mortgage claim is a house of cards
Labour’s Rachel Reeves has scored some political points this week by claiming that the Conservatives have made £71 billion of “unfunded policy pledges”, and that this will “mean £4,800 on your mortgage”. But these calculations are simply absurd and easy to knock down. Let us start with the ‘£71 billion’. This figure first appeared in … Continue reading Rachel Reeves ‘£4,800’ mortgage claim is a house of cards
Rate cuts are coming, but the markets may have to force the Bank’s hand
The Bank of England’s decision to leave interest rates on hold this week was no surprise. However, there is still little sign that policymakers are thinking of cutting rates any time soon, despite stagnant growth and falling inflation. Indeed, three of the nine members of the Monetary Policy Committee (MPC) voted again for another quarter … Continue reading Rate cuts are coming, but the markets may have to force the Bank’s hand
