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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BoE: Throwing the Kitchen Sink at Covid-19
The BoE has made an emergency 50bp rate cut to 0.25%, launched a new term funding scheme to aid transmission, and floored the CCyB in a panicked...
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Preview: UK Budget Boxed in by Manifesto
The upcoming Fiscal Statement (11 March) needs to formally account for the restated public finance data, Sep-19 Spending Round splurge, manifesto...
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Covid-19: Policy Cart Coming Before the Horse
The Fed has cut its target rate by 50bp to a range of 1-1.25%, which places pressure on the BoE to make a similarly panicked move. I now expect a...
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