Britain’s Goldilocks moment has arrived in the nick of time September 23, 2019 Not too hot, and not too cold. It’s time for the three bears to move over and take the porridge with them, because the temperature of the UK economy points to a Goldilocks moment arriving just in the nick of time. A low-inflation fairy tale has come to the aid of a nation grappling with [...]
UK households’ inflation expectations at highest in six years, survey reveals August 30, 2019 UK households are expecting inflation to rise over the next 12 months as the possibility of a no-deal Brexit increases. The public’s expectations for inflation are at their highest level since 2013, according to a survey from US bank Citi and pollsters YouGov, released on Friday. Read more: UK consumer confidence staggers in face of [...]
UK wages rise again as employment rate stays at record high says Office for National Statistics May 14, 2019 UK wages rose 3.2 per cent in the year to March, slightly down from a 3.5 per cent rise in the month before, data showed today as the unemployment rate hit an almost 45-year low. Read more: UK inflation rate holds steady sending Britons' real wages higher Average weekly earnings climbed 1.3 per cent year [...]
City A.M.’s shadow MPC votes to hold interest rates despite recent sunnier data May 1, 2019 Ongoing Brexit uncertainty means the Bank of England should hold interest rates steady tomorrow, City economists have said, despite the economy recently showing signs of strength. Read more: UK inflation rate holds steady sending Britons' real wages higher The Bank’s monetary policy committee (MPC) will at midday tomorrow announce its latest interest rate decision, along [...]
This investment clock says what assets to buy and when March 11, 2019 | City Talk By Tom Bailey from interactive investor. It’s inevitable that the unremitting global economic cycle will impact stock markets, but when? The economist Paul Samuelson once joked that the stock market has predicted nine of the past seven recessions. But while the over-reactive nature of equity market investors and their poor predictive powers ring true, there [...]
Sign of the times: Smart speakers in and crockery out of UK inflation goods basket March 11, 2019 Bluetooth speakers, flavoured tea and washing gel have been added to the “basket of goods” used to calculate inflation in the UK, while crockery sets and hi-fi systems have been shelved. Read more: Inflation drops to two-year low of 1.8 per cent The Office for National Statistics (ONS) outlined changes this morning to the list [...]
We’re not as stuck as the Brexit blues would have you believe January 28, 2019 IF YOU’RE looking for a meaningful vote of confidence tomorrow, look elsewhere than the sentiments of our 650 MPs. Instead try the 650,000 British businesses registered last year – each one a vote of confidence in the future. But when you’re surrounded by extremes, it’s hard not to get swept away by it all. As [...]
London house prices slump as Brexit stagnation spreads to suburbs December 19, 2018 London house prices fell in October as slowdown in the capital dragged down UK property price growth to its lowest level in five years. House prices in London fell 0.3 per cent in October, taking the annual price fall in the capital to 1.7 per cent, according to data released today by the Office for National [...]
British household savings declined in October October 22, 2018 British household savings declined this month as salary growth slowed to the weakest rate in eight months, according to a survey of household finances. The IHS Markit Household Finance Index declined to 45.1 in October from 45.7 the previous month, signalling increased pessimism by UK households towards their financial situations. Read more: Goldman Sachs enters British savings [...]
UK shoppers flee high street over August bank holiday weekend August 31, 2015 Heavy rain over the bank holiday weekend resulted in a washout for high streets across the country with people opting to visit shopping centres instead, new figures show. High street stores suffered a 4.1 per cent year-on-year decline in footfall on Sunday after the wet weather and strong winds dampened shoppers' mood, according to [...]