UK Wrap: Settling on the New Normal
This 'Wrap' pulls together the UK story as an annotated compilation of my published charts, updated to include the latest data. Economy: The GDP...
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BoE: FPC Hikes to Normal Well Ahead of MPC
All banks passed the BoE’s annual stress tests for the first time. No new capital is required, but some capital will become incorporated into...
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FLASH: UK Demand Better than Often Assumed
The ONS’s second estimate of UK Q3 GDP growth was broadly unrevised with the headline pace at 0.4% q-o-q. Its monthly trend since the referendum...
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UK Budget: Excessive Stress After Supply Smash
The OBR made surprisingly sharp downward revisions to its productivity growth assessment that reduced the government’s room for manoeuvre. Fudging...
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UK Budget Preview: Supply Shocks
Borrowing is better than had been expected. The financing requirement is likely to be several billion smaller, with the T-Bill stock temporarily...
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