UK: Chancellor Still Spiking the Punch Bowl
The government’s support package needs to move on to encouraging an efficient reallocation of resources to what the post-Covid world needs. A...
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UK: Recovery Lags in Most Sectors Through June
The rebound in some survey balances and sectoral indicators has raised relatively bullish expectations about the recovery. However, balances are...
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UK: VAT Cut Is a Feasible Folly
Recent reports indicate the government is considering a temporary VAT cut, despite historical evidence that it makes little difference to UK...
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UK: 40% Recovery in May-20 Split Unevenly
UK retail sales rebounded by double the expected amount in May-20, with the 12% m-o-m rise recovering 40% of the level lost in the lockdown. A...
382 Views
BoE: Slowing Stimulus Surprisingly Soon
The BoE has increased its asset purchase target by ÂŁ100bn. Rather than being a top-up until August, though, the MPC will stretch the programme...
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