UK: Puny Pass-Through of VAT and EOHO
UK inflation data delivered another upside surprise in Aug-20 as restaurant prices were resilient again. Puny pass-through of EOHO and VAT should...
192 Views
UK: Return to Real Labour Begins in Jul-20
The unemployment rate increased to 4.1% in July but not because of falling employment. Normalisation in the labour force participation rate meant...
217 Views
BoE: Preparing for a QE Extension in Nov-20
The BoE’s ongoing easing programme means it need not announce any policy change at this meeting. However, with insufficient room to continue...
246 Views
UK: GDP Recovery Lags and Languishes in Jul-20
UK GDP grew by 6.6% m-o-m in July, broadly matching the Consensus expectation. Nonetheless, activity is still 11.8% below February levels, with...
284 Views
Brexit: Brinkmanship Beckons
Negotiations for the UK and EU’s replacement relationship are still snagged on the same issues identified last year. Rigid terms of reference for...
189 Views