UK: Winter Is Coming to Crush the Recovery
second wave of the Covid-19 pandemic is motivating new activity restrictions, which seem set to get tighter as seasonality raises infections. I...
466 Views
UK: Retail Faces Painful Consumer Awakening
Retail sales grew again in August to sit 4% above pre-Covid levels. It remains supported by the rotation away from the greater value-added...
320 Views
BoE: More QE in Nov-20, Not Negative Rates
The BoE MPC voted unanimously in favour of no policy change at its September meeting, while focusing on the economic impact of Covid and Brexit...
292 Views
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...
209 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...
228 Views