Before the Bell: Inflation genie returns to his bottle as UK GDP data is next March 12, 2021 The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, Bitcoin rose, and the US Dollar fell, with markets partying like it was 2020. Yesterday, the European [...]
Hancock firm on NHS one per cent pay rise despite nurse and union pressure March 5, 2021 Matt Hancock rejects opposition to one per cent pay rise despite union hostility towards the decision
UK CPI creeps up during January lockdown February 17, 2021 The UK’s Consumer Prices Index was 0.7 per cent in January, the Office for National Statistics said on Wednesday. Rising prices for food, transport and household goods helped to drive the increase. January’s figure was up slightly from December’s reading of 0.6 per cent despite a return to national lockdown restrictions. Inflation remains a long [...]
Some City investors are starting to get nervous about inflation February 16, 2021 The UK will release new inflation data later this week, but if recent investor comments and analyst notes are anything to go by, it is becoming increasingly clear that some within the investment community are starting to get nervous about inflation. According to last month’s figures by the Office for National Statistics (ONS), the UK’s annual [...]
Runaway inflation might not happen. But what if it does? February 13, 2021 As 2021 dawned, we were all inevitably thinking thank Goodness 2020 is over. And fair enough. But I felt a little less easy when friends went on to say, 2021 can’t be any worse. Actually, how can we know? Think of January 1666: was the average Londoner – say, a baker on Pudding Lane – thinking, thank Goodness [...]
The pandemic is distorting forecasters’ economic data, argues chief economist February 10, 2021 The pandemic already forced economic forecasters out of their comfort zone, but the terrain is now getting even more perilous. It is no longer sufficient to make a simple assumption about ‘the virus’. According to Neil Shearing, group chief economist at economic research firm Capital Economics, forecasts now have to consider factors such as vaccine [...]
UK inflation doubles in a month as transport prices rise January 20, 2021 UK inflation doubled in December as prices rose during the festive period, the Office for National Statistics has announced. Prices in the run-up to Christmas were up 0.6 percent compared to a year earlier and rose from 0.3 per cent in November. Higher prices for transport, recreation and culture were flagged by statisticians, despite food [...]
Salaries for those who kept their jobs through pandemic rose in 2020, says Reed January 18, 2021 Salaries for those who kept their jobs through pandemic rose in 2020, says Reed
UK inflation drops to 0.3 per cent as clothes and food prices sink December 16, 2020 The UK’s inflation rate fell sharply to 0.3 per cent as food and clothes prices eased during England’s month-long lockdown, according to the latest official figures. The headline CPI rate sank from 0.7 per cent in October to 0.3 per cent in November, data from the Office for National Statistics (ONS) showed. Clothes and footwear [...]
UK inflation picks up despite lockdowns as clothing prices rise November 18, 2020 Prices picked up across the UK economy in October, the latest figures have shown, with clothing pushing inflation higher after disruption to the sector earlier in the year. Consumer price index inflation came in at 0.7 per cent on an annual basis last month, the Office for National Statistics (ONS) said. That was up from [...]