Topic filter : Consumer Spending

Most trending topics in Business & Finance ( last 24 hours ):
Consultancy Chinese Manufacturer Manufacturer Ford Facebook Newspaper Pension Pension Scheme Employer Deficit Millions Of Pounds Pound European Commission Budget Deficit Commission Euro Bailout Taxpayer Compensation Royal Bank Of Scotland Investor Start-up Conservative Brexit Television Amazon Dollar Shareholder Arsenal For Sale Stock Market FTSE 100 Investigation Merger Competition And Markets Authority Election Labour Debt Social Care Energy Firm Tariff

Socially Most Trending News

....Last week, the Bank of England warned that inflation as measured by the Consumer Prices Index (CPI) would peak at just below 3% this year. It also warned that 2017 would be "a more challenging time for British households" with inflation rising and real wages falling - leading to a consumer spending squeeze. ... [Read full article on BBC ]
Tuesday 16th of May 2017 08:32:29 AM
Total Trend count
182
Most trending on :
165 14 3
....30 to its highest level since September last year. David Cheetham, chief markets analyst at XTB, said the figures would "go some way to allay the fears of a slowdown in consumer spending following last month's sharp drop". ... [Read full article on BBC ]
Thursday 18th of May 2017 09:01:02 AM
Total Trend count
118
Most trending on :
108 8 2
....Britons have also become less materialistic, the report notes, prioritising spending on leisure activities and experiences over material possessions in what is dubbed “the experience economy”. Despite political turbulence following the vote to leave the EU, Mintel said consumer spending edged up 3. ... [Read full article on Guardian ]
Friday 19th of May 2017 04:53:37 AM
Total Trend count
55
Most trending on :
37 18
....Officials at the Bank have a growing list of concerns. Not only is there the second mortgage problem and the number of car loans: figures show consumer spending on unsecured credit has also rocketed in the last year. ... [Read full article on Guardian ]
Sunday 21st of May 2017 05:59:46 AM
Total Trend count
40
Most trending on :
39 1
....The forecast highlighted the challenges facing even discounters, which had been considered a retail bright spot. Stores in many sectors are under pressure as online competitors claim an increasing share of consumer spending. ... [Read full article on BBC ]
Tuesday 16th of May 2017 03:15:57 PM
Total Trend count
38
Most trending on :
34 4
....“The improvement in the export orders balance, to its joint highest since December 2013, indicates that the drop in the pound is still having substantial positive effects for manufacturing exporters,” said Ruth Gregory, UK economist at Capital Economics. “The upbeat survey supports our view that the manufacturing sector should perform well this year and help to offset some of the slowdown in consumer spending growth. ... [Read full article on Guardian ]
Friday 19th of May 2017 01:17:38 PM
Total Trend count
15
Most trending on :
11 4
....4%, easing fears of an imminent consumer slowdown and signalling a decent start to the third quarter. The stronger-than-expected figures were at odds with broader expectations of a slowdown in consumer spending this year, as prices begin to outpace wage growth, putting increasing pressure on household budgets. ... [Read full article on Guardian ]
Thursday 18th of May 2017 10:39:36 AM
Total Trend count
12
Most trending on :
11 1
....With wages increasing by just 1. 9%, opposition parties and the TUC said the new inflation figure highlighted the growing pressure on living standards and consumer spending. ... [Read full article on Guardian ]
Tuesday 16th of May 2017 09:04:59 AM
Total Trend count
9
Most trending on :
8 1
.... Online retailers coined it in. Spring brought with it an end to the winter consumer spending blues. ... [Read full article on Guardian ]
Thursday 18th of May 2017 11:10:55 AM
Total Trend count
6
Most trending on :
3 3
....7% in the previous quarter. The second estimate of GDP growth provides a more detailed breakdown of how the economy performed, including a first take on consumer spending. ... [Read full article on Guardian ]
Sunday 21st of May 2017 02:14:58 PM
Total Trend count
4
Most trending on :
4
....If that proves to be the case and the UK’s services sector struggles as 2017 continues, domestic growth could fall sharply. So while today’s retail sales figures were upbeat, the consumer spending reports published over the next few months could paint quite a different picture. ... [Read full article on Daily Express ]
Thursday 18th of May 2017 03:47:00 PM
Total Trend count
2
Most trending on :
2
....As the UK’s services sector accounts for such a significant proportion of total GDP, weakness in this area could lead the UK economy into trouble as the year continues. The BoE warned of this consumer spending squeeze in last week’s quarterly inflation report. ... [Read full article on Daily Express ]
Tuesday 16th of May 2017 01:35:00 PM
Total Trend count
1
Most trending on :
1

Latest Finance News related to Consumer Spending

Growth slump as rising prices slowed consumer spending, figures to show image
....7% in the previous quarter. The second estimate of GDP growth provides a more detailed breakdown of how the economy performed, including a first take on consumer spending. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
....“The improvement in the export orders balance, to its joint highest since December 2013, indicates that the drop in the pound is still having substantial positive effects for manufacturing exporters,” said Ruth Gregory, UK economist at Capital Economics. “The upbeat survey supports our view that the manufacturing sector should perform well this year and help to offset some of the slowdown in consumer spending growth. ...
Price rises caused by Brexit a big worry for UK consumers, survey finds image
....Britons have also become less materialistic, the report notes, prioritising spending on leisure activities and experiences over material possessions in what is dubbed “the experience economy”. Despite political turbulence following the vote to leave the EU, Mintel said consumer spending edged up 3. ...
What does increased consumer spending really mean for the UK? image
Source : Daily Express [Read Article] Thursday 18th of May 2017 03:47:00 PM
....If that proves to be the case and the UK’s services sector struggles as 2017 continues, domestic growth could fall sharply. So while today’s retail sales figures were upbeat, the consumer spending reports published over the next few months could paint quite a different picture. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....4%, easing fears of an imminent consumer slowdown and signalling a decent start to the third quarter. The stronger-than-expected figures were at odds with broader expectations of a slowdown in consumer spending this year, as prices begin to outpace wage growth, putting increasing pressure on household budgets. ...
Retail sales in April beat forecasts with a 2.3% rise image
Source : BBC [Read Article] Thursday 18th of May 2017 09:01:02 AM
....30 to its highest level since September last year. David Cheetham, chief markets analyst at XTB, said the figures would "go some way to allay the fears of a slowdown in consumer spending following last month's sharp drop". ...
Sales growth grinds to a halt for TK Maxx image
Source : BBC [Read Article] Tuesday 16th of May 2017 03:15:57 PM
....The forecast highlighted the challenges facing even discounters, which had been considered a retail bright spot. Stores in many sectors are under pressure as online competitors claim an increasing share of consumer spending. ...
UK inflation: How could latest figures impact an international property purchase? image
....As the UK’s services sector accounts for such a significant proportion of total GDP, weakness in this area could lead the UK economy into trouble as the year continues. The BoE warned of this consumer spending squeeze in last week’s quarterly inflation report. ...
Energy price rises help drive UK inflation up to 2.7% image
Source : Guardian [Read Article] Tuesday 16th of May 2017 09:04:59 AM
....With wages increasing by just 1. 9%, opposition parties and the TUC said the new inflation figure highlighted the growing pressure on living standards and consumer spending. ...
UK inflation rate at highest level since September 2013 image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:32:29 AM
....Last week, the Bank of England warned that inflation as measured by the Consumer Prices Index (CPI) would peak at just below 3% this year. It also warned that 2017 would be "a more challenging time for British households" with inflation rising and real wages falling - leading to a consumer spending squeeze. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
.... It would also review the system of business rates in England and Wales, whose revaluation earlier this year angered many businesses which were left facing bill rises of more than £1,000. "Many firms are struggling to borrow to invest and that is suffocating an economy being propped up on consumer spending," Mr Farron will argue. ...
Australian dollar news: GBP/AUD down from 8-month high as British workers face pay squeeze image
....3 per cent and economists predicting that April’s CPI reading will mark a further rise tomorrow, British households are facing the very real prospect of a fall in living standards. Investors fear that the pay squeeze will likely lead to a subsequent fall in consumer spending, which has remained remarkably robust since the start of the year, helping to fuel Britain’s all-important services sector. ...
Jobs market will suffer a Brexit slowdown, say experts image
Source : Guardian [Read Article] Sunday 14th of May 2017 11:01:29 PM
....“The bad news is that there is a real risk a significant proportion of UK workers will see a fall in their living standards as the year progresses, due to a slowdown in basic pay and expectations of inflation increases over the next few months. “This could create higher levels of economic insecurity and could have serious implications for consumer spending, which has helped to support economic growth in recent months. ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
.... (Set aside for a minute the fact that these cars were mostly acquired with credit plans and are not really bought at all, but leased. Just accept that it is one of the major developments in consumer spending in recent years. ...
US retail sales rise as stores struggle image
Source : BBC [Read Article] Friday 12th of May 2017 05:29:48 PM
.... . Mr Davidowitz said consumer spending isn't strong enough to overcome the headwinds traditional retailers, like Penney, face. ...
Number of second charge mortgages leaps to nine-year high image
Source : Guardian [Read Article] Friday 12th of May 2017 03:10:13 PM
.... Tens of thousands of households, many of them struggling to pay monthly mortgage payments, used second mortgages to bypass more conservative borrowing limits set by their lender. Recent industry figures show that consumer spending on credit rocketed in the past year as households increased their reliance on short-term loans to buy cars or furniture, or just to pay their rent. ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
.... . Some analysts said the decline in department store sales point to broader weakness in consumer spending - a key driver of economic growth. ...
Bank of England warns Brexit vote will damage living standards image
Source : Guardian [Read Article] Thursday 11th of May 2017 11:14:34 AM
.... Its analysis found average pay was now expected to be £320 lower this year than predicted in the Bank’s February inflation report and £915 lower than it forecast in the May 2016 report that preceded the referendum. The squeeze on household budgets will have repercussions for an economy that is highly reliant on consumer spending to drive growth. ...
Brexit slowdown fears as industrial output falls and trade deficit grows image
....3%. UK growth has been heavily dependent on consumer spending since the financial crisis, but economists believe households will begin to rein in spending in response to falling real pay, as inflation outpaces wage growth. ...
Interest rates to stay at 0.25% until 2019 as living costs surge to 3.5%, says think-tank image
....Families will feel the squeeze on budgets as wage rises fail to keep pace with rocketing inflation, according to the National Institute of Economic and Social Research (NIESR). As a result, consumer spending growth is to grind to a halt by the end of the year. ...
Retail sales 'get Easter boost' from food sales in April image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:09:56 AM
....Food spending accounted for most of the growth, but shoppers were more cautious about other items. The BRC said consumer spending would slow as inflation climbed. ...
UK high street sales weak as shoppers focus on buying essentials image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
....The two surveys found that rising inflation had resulted in consumers devoting an increasingly share of their pay packets on household essentials. Barclaycard said consumer spending was 5. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
.... Yet without car sales, growth in GDP and wages and all the other standard measures of economic progress stand still. This highlights the Bank of England’s difficult balancing act in regulating an economy dependent on consumer spending where debt is a large element for an important minority of households, especially millennials and young families with constrained budgets. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
. The UK economy has shown signs of picking up over recent weeks as strong demand from overseas helped offset moribund consumer spending at home, according to a survey that will welcomed by Theresa May’s government as next month’s election approaches. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
. Fashion chain Next has delivered another gloomy profit and sales forecast, highlighting tough trading conditions for UK retailers as rising inflation pushes up prices and consumer spending weakens. ...
UK manufacturing records fastest growth for three years, figures show image
.... But it has also raised the cost of imports. The survey of more than 600 industrial companies follows official figures last week showing the UK economy slowed markedly in the first three months of 2017 as the effect of higher import costs worked its way through the economy, raising inflation and squeezing consumer spending. ...
UK manufacturing growth at three-year high, survey suggests image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:23:58 AM
...."The big question is whether this growth spurt can be maintained, especially given the backdrop of ongoing market volatility and a number of political headwinds such as elections at home and abroad. "Other surges seen since the middle of last year have generally proved short-lived, as weak wage growth sapped consumer spending. ...
Chinese economy cools as key sectors continue to slow image
Source : Guardian [Read Article] Sunday 30th of April 2017 02:42:19 PM
....0 from 55. 1 in March, showing the sector was still expanding at a solid pace as rising living standards continue to buoy consumer spending. ...
Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
.... But the flipside to the weak pound is higher import costs for businesses, leading food companies and others to complain of pressure on margins and to raise their prices. There are also fears that those reliant on consumer spending will suffer as higher living costs erode Britons’ spending power. ...
US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
....1% in the fourth quarter. The slowdown primarily reflected slower consumer spending, which grew by just 0. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....1% growth rate seen in the final quarter of last year. The slowdown was down to stagnant consumer spending, economists said. ...
Eurozone inflation picks up to 1.9% image
Source : BBC [Read Article] Friday 28th of April 2017 10:13:23 AM
....5% in the final three months of 2016. The slowdown was partly due to weak consumer spending, after unseasonably warm weather led to lower spending on clothes and heating bills. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
...."It is increasingly likely that the slowdown in the first quarter is the start of a sustained period of more sluggish growth. Inflation is expected to continue to rise, increasing the squeeze on consumer spending power and firm's profit margins, pushing growth lower," he said. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....“Many analysts have said for a while that inflation would bite and these figures show that it has started to – and is likely to get worse over the coming year,” said Stephen Harmston, head of YouGov reports. The downbeat tone of the poll chimes with signs the economy has lost momentum in recent months as the post-referendum resilience in consumer spending wanes. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
....Economic confidence is at its highest since the eurozone debt crisis, but inflation continues to miss the ECB's target for a fifth straight year. Mr Draghi said the recovery was helped by higher consumer spending, wage growth and a global economic rebound. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
....The drugs giant reporting an 8. 3% fall in third-quarter profit, caused by slowing consumer spending. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
....Brittain also warned of a “tougher consumer environment” this year, with household budgets squeezed by the weak pound causing price rises, static wages and higher petrol prices. “We are starting to see some changes in consumer spending patterns,” she said. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....Separately, floor coverings retailer Carpetright said it had seen "tougher trading conditions" in recent months. Analysts have predicted a slowdown in consumer spending as shoppers' budgets are squeezed by rising inflation. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....Writing in the Guardian, Andrew Sentance, a former member of the Bank of England’s monetary policy committee, said support for the UK from a strong global economy was being offset by domestic pressures. “There are two big themes which stand out from this month’s data, and they show the UK being pulled in opposite directions by the global economy and consumer spending,” said Sentance, a senior economic adviser at the consultancy PwC. ...
‘Modest’ interest rate rise on cards, says Bank of England expert image
Source : Daily Express [Read Article] Friday 21st of April 2017 08:49:00 PM
.... . He told the Federation of Small Businesses the growth would be driven by business investment and exports, helping to offset the slowdown in consumer spending. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....Andrew Sentance, a senior economic adviser at PwC, said a nine-month recovery on the high street had hit the buffers. “These latest retail sales figures show that the post-Brexit surge in consumer spending has come to an abrupt end,” he said. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
...."The leap year comparison and other seasonal effects made the start of this year particularly challenging," said Nestle chief executive Mark Schneider. "We were encouraged by the growth in Asia and the resilience of consumer spending in Europe. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
.... . Debenhams said that leisure activities accounted for an increasing share of consumer spending and that the "leisure experience is an important part of shopping", while "mobile interaction" was growing fast. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....It also means household spending, the main driver behind economic growth, is likely to slow in coming months. Martin Beck, a senior economic adviser to the EY Item Club forecasting group, said: “This is bad news for consumer spending, a sector which is already showing signs of running out of steam. ...
UK wage growth slows as higher inflation starts to bite image
Source : BBC [Read Article] Wednesday 12th of April 2017 08:39:51 AM
....As inflation was expected to keep rising this year, the squeeze on consumers would intensify, said Andrew Sentance, senior economic adviser at PwC. "Both the employment and wage figures therefore point to a slowdown in consumer spending, which is already apparent from the retail sales data for the early months of this year. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
.... Reports from retailers suggest sales slowed in recent months. “Today’s release confirms our expectations that 2017 will see the end of the consumer spending boom which has driven economic growth in recent years,” said Nina Skero at the consultancy the Centre for Economics and Business Research. ...
UK retail sales fall again as rising living costs bite image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
. Britain’s retailers suffered a third consecutive month of falling sales in March, according to industry figures that add to evidence that a post-referendum rise in living costs is denting consumer spending. ...
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
....Fresh details on price rises and wage growth this week are expected to underline the rising pressures on UK household budgets as the pound’s sharp fall since the Brexit vote continues to stoke inflation. The Bank of England has warned the economy’s main engine of growth, consumer spending, will lose momentum this year as rising living costs eat into people’s budgets. ...
Are the wheels about to fall off the credit gravy train? image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
....In Threadneedle Street, the alarm bells are ringing. The Bank of England is concerned that consumer spending is underpinned by rising credit card debt, personal loans and car finance deals. ...
Sharp rise in UK food prices inflates household shopping bill image
Source : Guardian [Read Article] Tuesday 4th of April 2017 09:17:14 AM
....Supermarkets have been cutting multi-buy deals and other special offers, after mounting evidence that they confuse shoppers and increase food waste. Separate data from Nielsen showed the proportion of consumer spending on promotions at UK supermarkets has fallen to an 11-year low. ...
Sterling’s fall lifts UK exports, figures show image
Source : Guardian [Read Article] Friday 31st of March 2017 04:15:49 PM
....As sterling’s fall made UK goods more competitive on overseas markets and boosted exports, there was a significant narrowing in the UK’s current account deficit, the latest ONS growth figures showed. Economists said the rebalancing towards more exports would offset some but not all of the slowdown in consumer spending expected this year as incomes are squeezed. ...
Household savings ratio falls to record low, says ONS image
Source : BBC [Read Article] Friday 31st of March 2017 10:36:39 AM
....7% in the final three months of 2016. Economists said that was driven by a rise in consumer spending, partly funded by households dipping deeper into savings and running up debt. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
....The point about the OBR is that it is independent and thoroughly trustworthy. Its best assessment is that business investment will suffer from Brexit, as will trade, consumer spending and the quality of life generally, not to say the budgetary finances. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....Nine months on from the referendum, the Guardian’s monthly tracker of economic news shows inflation is at its highest level for more than three years, retail sales have lost momentum and pay growth has slowed significantly despite the lowest unemployment rate for more than a decade. But the housing market appears to have escaped the post-referendum downturn that some commentators were predicting and though consumer spending slowed at the turn of the year, it recovered somewhat last month. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
.... . "Shifts in consumer spending patterns are not unusual and we expect that the trend will stabilise and reverse at some point," it continues. ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
....25. Paul Hollingsworth at Capital Economics said the figures would give some reassurance that higher inflation had not brought growth in consumer spending to a halt. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
....UK households are the most downbeat about their finances since 2013, as families start to feel the pinch from rising inflation and weak wage growth, according to a new survey. This suggests consumer spending, until now the main driver of UK economic growth, will weaken in coming months. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....8% on a like-for-like basis, driven by its specialist trade desks which are exclusive to plumbers and electricians. He warned the worry was the slowdown in the second half of the year, which may reflect some pullback in UK consumer spending, in addition to seasonal factors. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
.... That still looks premature given the lack of price pressure. Indeed, the squeeze on real incomes is likely to bear down on consumer spending over the coming months, and this will eventually feed through into lower inflation. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
.... After today’s data release, risks to that call are skewed towards the BoE hiking sooner rather than later,” he said. But James Smith, economist at the bank ING, said the squeeze on real incomes and the likely slowdown in consumer spending would deter the Bank from raising rates. ...
MPC member calls for interest rates to rise image
Source : BBC [Read Article] Thursday 16th of March 2017 11:52:03 PM
....But Ms Forbes said that recent weakness in wages growth probably reflects temporary caution about Brexit among employers. The majority of MPC members saw signs of slowing consumer spending as one reason for caution on interest rates, but Ms Forbes said this should be seen in the context of strong levels of consumption in recent months. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
....6%, but this is as good as its gets for a while. Welfare cuts and rising prices will squeeze real incomes and choke off consumer spending in the months ahead. ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....But for now, minutes of the latest policy meeting showed eight members of the MPC felt that the current 0. 25% base rate and electronic money-printing programme were appropriate to support the post-referendum economy amid signs that slower pay growth and rising inflation were damping consumer spending. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....75% to 1%. The central bank set aside concerns about the impact of higher interest rates on consumer spending to confirm analyst projections that it is prepared to increase rates several times this year to keep a lid on inflation as it rises above its 2% target level. ...
UK unemployment falls to joint lowest rate since 1975 but wages stall image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:27:55 AM
.... The January data already showed the first year-on-year decline in real wages since August 2014 and, given the likelihood that inflation will continue to climb through 2017, continued weakness in pay growth could threaten a squeeze on household finances. This, in turn, would risk a more severe slowdown in consumer spending growth than we currently anticipate. ...
UK unemployment is as low as 1975 – but why aren't wages rising? image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:18:08 AM
.... Here at least, statutory incomes policy lives on. While record levels of employment are welcome, the weakness of pay means that consumer spending is going to be squeezed hard over the coming months. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
. Robust consumer spending and a brighter outlook for trade and investment will mean the UK’s economic slowdown this year is less severe than previously feared, the British Chambers of Commerce has predicted. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....4% in November to 2%. It said the rise is being driven by consumer spending which will slow down as rising prices squeeze consumer budgets. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... The ratio of household debt to GDP is not quite back to its pre-crash levels but heading that way. Only additional borrowing will sustain consumer spending in the months ahead and that is only feasible because interest rates are at historically low levels. ...

Page rendered in 1.8490 seconds.