UK: Recovery Lags in Most Sectors Through June
The rebound in some survey balances and sectoral indicators has raised relatively bullish expectations about the recovery. However, balances are...
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UK: VAT Cut Is a Feasible Folly
Recent reports indicate the government is considering a temporary VAT cut, despite historical evidence that it makes little difference to UK...
298 Views
UK: 40% Recovery in May-20 Split Unevenly
UK retail sales rebounded by double the expected amount in May-20, with the 12% m-o-m rise recovering 40% of the level lost in the lockdown. A...
288 Views
BoE: Slowing Stimulus Surprisingly Soon
The BoE has increased its asset purchase target by £100bn. Rather than being a top-up until August, though, the MPC will stretch the programme...
289 Views
UK: Inflation in May-20 Approaches Its Trough
UK inflation data matched expectations for the CPI to slow to 0.5% y-o-y while the RPI was 18bp below my forecast at 1.04%. The latter surprise...
281 Views