Big themes; A slower recovery than hoped for by the Office for Budget Responsibility – according to the NIESR – 1.7 v. 2.3 for 2011 and 2.2 v. 2.8% for 2012 Mervyn King concerned about lingering inflation – but doesn’t want to raise interest rates for some time Retail sales grow at fastest rate in […]
The Q2 growth figures may well have impressed us at 1.1% but it would be mistaken to believe we were well out of the woods just yet. Jim Rogers – he who infamously said the UK was finished a year or so ago – now predicts a recession in 2012. A technical recession, 2 consecutive […]
Big themes of the last 3 days; The stunning 1.1% quarterly GDP growth figure for Q1 – twice that anticipated by most UK economists – see Reuters Ernst & Young Item Club forecast interest rates to stay at 0.5% until 2014. The Item Club. House prices fall for the first time in 15 months – […]
Data to be released today; Preliminary Q2 GDP – to be released by the ONS here. Expected 0.6%. Index of Services – for May. BBA Loans for House Purchase – for June. Big themes of the day; The two most important Central Bankers of the world voice stark differences on policy . . . ECB […]
News yesterday from the Cabinet Office confirmed what many of us had suspected for some time – parts of the IT Industry have been ripping off the government and by extension the taxpayer for some time – particularly on websites. It is a pretty staggering set of statistics that; across government £94 million has been […]