UK: IP Shutdown Starts Small in Mar-20
The UK manufacturing PMI dropped 3.9 points to 47.8, which is where it broadly was throughout 19H2. Output and new orders decline by more, with...
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UK Inflation: Descending Towards a New Trough
UK inflation data for Feb-20 were broadly in line with expectations as the CPI printed at 1.7% and the RPI at 2.5%. Transport and recreation were...
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BoE: Prematurely Blowing Its Load
After its second emergency MPC meeting in a little over a week, the BoE has announced a rate cut to its effective lower bound of 0.1% and £200bn...
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UK: Momentum Won’t Survive Covid-19
The labour market report revealed a range of robust signs, including surprisingly strong employment growth, record-high participation, and a...
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UK Budget: Manifesto and Mitigation Measures
This Budget has been a long time coming, so it had a wide range of commitments to deliver upon, while also tackling the Covid-19 shock. Measures...
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