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....To gauge the impact of the Brexit vote on a monthly basis, the Guardian has been tracking eight economic indicators, along with the value of the pound and the performance of the stock market. The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
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....“Although challenges remain in recruiting both skilled and unskilled labour, businesses are anticipating higher sales, increased profits and staffing levels to rise, which is all very positive for the economy. “With details of the terms of Britain’s exit from the EU still to come, inflation on the rise and general volatility and uncertainty in the economy, the outlook remains mixed at best. ... [Read full article on Guardian ]
Sunday 25th of June 2017 11:01:43 PM
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....Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books. The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – providing some hope that a stronger manufacturing sector would cushion the effect of higher inflation on consumer spending. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:55:53 AM
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....25% after Brexit – and financial policy instruments. “Monetary policy is the last line of defence to address financial stability issues,” he said, with monetary policy focused on keeping inflation at its target rate of 2% rather than controlling lending. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 09:44:48 AM
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.... She popped up on Thursday to accuse her colleagues on the monetary policy committee of keeping rates low by virtue of a colossal misjudgment. They had failed to understand that inflation would soon rocket, demanding a rise in rates to calm the situation. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
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.... He said during the referendum campaign that we would have better trade deals and cheaper food outside the market-distorting protections of the EU. Instead, thanks to a fall in sterling post-Brexit, rising food prices, increasing inflation and labour shortages are likely to make things worse. ... [Read full article on Guardian ]
Monday 26th of June 2017 06:00:02 AM
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. Booming sales of ice-cream, gin and cider during the heatwave have combined with a jump in inflation to deliver the biggest rise in supermarket sales in more than five years. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 09:11:01 AM
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....1% in May. The rise comes despite a weaker backdrop by household finances, which are being squeezed as inflation outpaces wage growth. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 09:37:05 AM
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....13. A weaker pound has reduced the spending power of UK holidaymakers abroad, and put pressure on consumer finances by pushing up inflation to a four-year high of 2. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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....He said: “Economic slack in the major economies has diminished further; in some, unemployment rates have fallen back to levels consistent with full employment. And inflation has moved closer to central bank objectives. ... [Read full article on Guardian ]
Sunday 25th of June 2017 10:30:27 AM
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....Consumer confidence slumped in the 12 days after the general election to its lowest level since the aftermath of last year’s Brexit vote, as households were unnerved by the impact of a hung parliament. A poll by YouGov found that consumers feared the unstable political situation would hit house prices and dent their living standards, which have already come under pressure in recent months from high inflation and sluggish wages growth. ... [Read full article on Guardian ]
Monday 26th of June 2017 11:05:13 PM
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....The new welfare and pensions secretary believes the government will have to reform the triple lock on pensions within his lifetime, despite concerns that it could lose votes for the Conservatives. David Gauke said the mechanism, under which recipients receive an annual increase of whichever is the highest among rises in average earnings, rises in inflation, or 2. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 06:15:54 PM
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....The triple lock guarantees pensioners a rise in the basic state pension of at least 2. 5%, the rate of inflation or earnings, whichever is the higher. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 05:04:26 PM
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....“When the MPC last met earlier this month, my view was that given the mixed signals on consumer spending and business investment, it was too early to judge with confidence how large and persistent the slowdown in growth would prove,” Carney said at a gathering of central bankers in Portugal. “Moreover, with domestic inflationary pressures, particularly wages and unit labour costs, still subdued, it was appropriate to leave the policy stance unchanged at that time. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 03:15:46 PM
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Latest Finance News related to Inflation

Pound leaps as Carney says growth will factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
....“When the MPC last met earlier this month, my view was that given the mixed signals on consumer spending and business investment, it was too early to judge with confidence how large and persistent the slowdown in growth would prove,” Carney said at a gathering of central bankers in Portugal. “Moreover, with domestic inflationary pressures, particularly wages and unit labour costs, still subdued, it was appropriate to leave the policy stance unchanged at that time. ...
London house price growth slows as rest of UK bounces back image
Source : Guardian [Read Article] Wednesday 28th of June 2017 09:37:05 AM
....1% in May. The rise comes despite a weaker backdrop by household finances, which are being squeezed as inflation outpaces wage growth. ...
Extra £1bn for Northern Ireland will barely dent public finances image
Source : Guardian [Read Article] Tuesday 27th of June 2017 05:04:26 PM
....The triple lock guarantees pensioners a rise in the basic state pension of at least 2. 5%, the rate of inflation or earnings, whichever is the higher. ...
UK banks ordered to hold more capital as consumer debt surges image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:44:48 AM
....25% after Brexit – and financial policy instruments. “Monetary policy is the last line of defence to address financial stability issues,” he said, with monetary policy focused on keeping inflation at its target rate of 2% rather than controlling lending. ...
Ice-cream demand fires up supermarket sales in June image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:11:01 AM
. Booming sales of ice-cream, gin and cider during the heatwave have combined with a jump in inflation to deliver the biggest rise in supermarket sales in more than five years. ...
Consumer confidence collapsed after general election, YouGov finds image
Source : Guardian [Read Article] Monday 26th of June 2017 11:05:13 PM
....Consumer confidence slumped in the 12 days after the general election to its lowest level since the aftermath of last year’s Brexit vote, as households were unnerved by the impact of a hung parliament. A poll by YouGov found that consumers feared the unstable political situation would hit house prices and dent their living standards, which have already come under pressure in recent months from high inflation and sluggish wages growth. ...
DUP Deal: Pension Triple lock and Winter Fuel Allowance SAVED image
Source : Daily Express [Read Article] Monday 26th of June 2017 12:23:00 PM
....It means the retirement income from the state will continue to rise by the highest of 2. 5 per cent, earnings or inflation each year. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
.... He said during the referendum campaign that we would have better trade deals and cheaper food outside the market-distorting protections of the EU. Instead, thanks to a fall in sterling post-Brexit, rising food prices, increasing inflation and labour shortages are likely to make things worse. ...
Skilled labour shortage fuelled by uncertainty for EU workers image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:01:43 PM
....“Although challenges remain in recruiting both skilled and unskilled labour, businesses are anticipating higher sales, increased profits and staffing levels to rise, which is all very positive for the economy. “With details of the terms of Britain’s exit from the EU still to come, inflation on the rise and general volatility and uncertainty in the economy, the outlook remains mixed at best. ...
Central banks raise alarm over new crash after steep rise in lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....He said: “Economic slack in the major economies has diminished further; in some, unemployment rates have fallen back to levels consistent with full employment. And inflation has moved closer to central bank objectives. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
.... She popped up on Thursday to accuse her colleagues on the monetary policy committee of keeping rates low by virtue of a colossal misjudgment. They had failed to understand that inflation would soon rocket, demanding a rise in rates to calm the situation. ...
BRITAIN'S SHAME: Ex-soldiers facing 'dangerous' levels of debt, warn experts  image
Source : Daily Express [Read Article] Saturday 24th of June 2017 10:33:00 AM
....Ms Clack added: “Support from organisations such as, the Royal British Legion, SSFFA and Forces Mutual is very important to helping former military personnel adjust to civilian life but it is crucial that people struggling with debt seek out the support that is available. ”It comes as soaring inflation has started to outpace wage increases, putting more pressure on household finances. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....13. A weaker pound has reduced the spending power of UK holidaymakers abroad, and put pressure on consumer finances by pushing up inflation to a four-year high of 2. ...
Triple lock on pensions will go eventually, says pensions secretary image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:15:54 PM
....The new welfare and pensions secretary believes the government will have to reform the triple lock on pensions within his lifetime, despite concerns that it could lose votes for the Conservatives. David Gauke said the mechanism, under which recipients receive an annual increase of whichever is the highest among rises in average earnings, rises in inflation, or 2. ...
Inflation needs to be checked with rate increase, says MPC member image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:01:21 PM
. A Bank of England policymaker has heaped further pressure on Mark Carney, the governor, with a warning that the central bank’s policymakers have failed to spot an inflationary spiral that needs to be choked off with an immediate increase in interest rates. ...
UK manufacturing soars thanks to weak pound and global recovery image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:55:53 AM
....Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books. The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – providing some hope that a stronger manufacturing sector would cushion the effect of higher inflation on consumer spending. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....To gauge the impact of the Brexit vote on a monthly basis, the Guardian has been tracking eight economic indicators, along with the value of the pound and the performance of the stock market. The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). ...
Bank of England rift as chief economist ponders interest rate rise image
Source : Guardian [Read Article] Wednesday 21st of June 2017 11:09:59 AM
....27 before later falling back. “The risks of tightening ‘too early’ have shrunk as growth and, to lesser extent, inflation have shown greater resilience than expected. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....But analysts said this still meant the government would fail to meet its previous plan of reducing the deficit in every year of the parliament, with the gap between government income and spending heading towards £58bn, compared with £47bn last year. The economy has slowed dramatically since the start of the year as the prospect of Brexit negotiations unnerved businesses and the lower value of the pound fed through into increased inflation, causing living standards to fall. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
.... But he warned that if transaction activity continued to fall, closures may be inevitable. “Commission has reduced in percentage terms but due to house price inflation, the amount agents receive is not vastly different,” he said. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
....In his delayed speech to the City of London’s elite at Mansion House, Carney explained why he was one of five of eight members voting for no change in borrowing costs. “From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment [to higher rates]. ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
.... Growth should be steady, if restrained, over the next couple of years as the pace of the economy shifts down a gear,” said Carolyn Fairbairn, the CBI director general. Fairbairn warned the strain on households was likely to continue as the pound’s weakness since the Brexit vote pushed up the cost of imports and stoked inflation. ...
Brexit critic joins Bank of England interest rate-setting committee image
Source : Guardian [Read Article] Monday 19th of June 2017 03:47:58 PM
.... She will replace the US economist Kristin Forbes who leaves the monetary policy committee (MPC) this month. Tenreyro joins at a time of heated debate among policymakers over whether to leave interest rates at their record low to shore up growth as Brexit talks unfold, or to raise them in order to keep a lid on rising inflation. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
....25%. Three members voted against the other five and called for an immediate rise in borrowing costs to keep a lid on inflation. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
.... These are the same employers who, despite enjoying a cut in corporation tax from 28% since 2010 to 19% today under the Conservatives and the promise of 17% by 2020, are hoarding profits and investing very little to increase output. Without strong increases in average wages now that inflation has returned, workers must borrow to maintain their standard of living. ...
Jaguar Land Rover to recruit 5,000 staff after record year of sales image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:50:45 PM
.... It is also one of the UK’s largest exporters, with about 80% of its £24bn annual revenues generated from cars sold abroad. Its expansion plans will bolster hopes that the UK’s export sector can help offset some of the domestic pressures on the economy in the years ahead as household budgets continue to be squeezed by weak pay growth and rising inflation on the back of the slide in sterling triggered by Brexit. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....There has been concern in the Bank of England that consumer spending is being underpinned by debt, amid comparisons to the run-up to the financial crash. In addition, figures published last week show inflation reached a four-year high in May, meaning shopping is getting increasingly expensive, further intensifying the squeeze on household budgets. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
....5. Inflation proof your savingsSoaring inflation, which hit a four-year high last month, is a problem for anyone on fixed incomes - typically pensioners. ...
Get more sounds for your pound at UK music festivals this summer image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:30 AM
. Are you paying more, less or the same for your music festival fix this year? Some fans are being hit with well-above-inflation increases, but others are benefiting from frozen prices and two-for-one deals – indicating that some of this year’s events might be struggling to sell out. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
....Tesco is avoiding passing on the full impact of price rises to consumers, the supermarket group has said, as it reported its best UK quarterly sales growth for seven years. Household budgets are being stretched by inflation, which hit a four-year high of 2. ...
The eurozone must reform or die | Kenneth Rogoff image
Source : Guardian [Read Article] Friday 16th of June 2017 05:00:00 AM
....Ironically, by far the main reason why euro adoption was originally so popular in southern Europe was that back in the 1980s and 1990s ordinary people longed for the price stability Germans enjoyed with their deutsche mark. But, while the euro has been accompanied by a dramatic eurozone-wide fall in inflation, most other countries have managed to bring down inflation without it. ...
Bank of England doves right to thwart hawks seeking interest rate rise image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:18:37 PM
.... Inflation stands at 2. 9%, well above the government’s 2% target and higher than the Bank anticipated in its May inflation report. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
. The Bank of England has edged closer to raising interest rates as a deeper split emerged among its committee of policymakers, with three out of eight voting for an immediate rise to keep inflation in check. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
....In April sales surged to an eight-month high, though this was seen as a blip in a longer-term trend for shoppers to tighten their belts. The Office for National Statistics blamed the steep rise in the annual rate of inflation over the last year to 2. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
.... Homewares specialist Dunelm, which like DFS trades from “out-of-town” superstores on retail parks, was also marked down. Official data published this week showed British workers’ earnings after inflation have been shrinking at their fastest pace since 2014. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... Higher government borrowing is warranted because the outlook for two of the other components of demand – consumer spending and investment – is so poor. Consumers are seeing their living standards eroded by higher inflation, while political uncertainty and a slowing economy hardly provides a fertile climate for investment. ...
Fed raises interest rates again in further sign of confidence in US economy image
....Kashkari, who has been tipped as a potential successor to the current chair, Janet Yellen, has consistently warned against raising rates, fearing that it might harm the recovery. “We are still coming up short on our inflation target, and the job market continues to strengthen, suggesting that slack remains,” Kashkari wrote after objecting to a rate rise earlier this year. ...
Brexit Bond offers top rate of 3% - if savers are RIGHT about UK's exit from EU image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 04:15:00 PM
....1299. Savers are likely to be tempted by the chance to earn an inflation-beating rate of three per cent, as the next best rate from a two-year bond is 2. ...
UK pay squeeze breaks all sorts of records for all the wrong reasons | Larry Elliott image
.... But that has simply not happened. In the past year, employment has risen, unemployment has fallen and inflation has started to bite: in past times a combination of factors that would lead to pressure for higher wages. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....Britain is experiencing a rapid decline in living standards with the biggest squeeze in workers’ pay since 2014, according to the latest official data. Regular pay adjusted to account for the impact of inflation fell by 0. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....Interest rates may be stuck at all-time lows, but with a little effort you can make your money work harder. Experts are urging savers to move on as the latest figures show consumer price inflation at a four-year high of 2. ...
Incomes squeeze denied May a landslide – now she must change course image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:06:01 PM
.... In May 2015, when David Cameron won, real incomes were rising. Currently, as the latest inflation figures show, voters are getting poorer. ...
House price inflation in April at six-month high, official figures show image
....Almost £3,500 was added to the value of the average house during April after the property market enjoyed a spring boost, according to official figures. The data, which shows that annual house price inflation has risen to its highest level since last October, runs counter to reports from mortgage lenders and others that the market was slowing down. ...
UK employers plan to keep hiring despite Brexit and slow growth image
Source : Guardian [Read Article] Tuesday 13th of June 2017 05:01:47 AM
....Since the start of this year, the economy has lost steam as consumers have cut back on spending amid rising cost pressures. The pound’s sharp fall since the Brexit vote has made imports more expensive and official figures due on Tuesday are expected to show that inflation held at its highest level for more than three years last month. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
.... Even politicians obsessed by grand Hinkley Point-style projects cannot fail to have noticed some of the milestones achieved by solar and wind recently. Costs of generation are falling to a point that makes Hinkley’s inflation-linked subsidies look even more of a swindle at the expensive of UK bill-payers. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
....Figures out this week are expected to add further pressure on Theresa May as she fends off criticism of her plans to maintain cuts to government spending and restrict public sector pay. Analysts forecast the UK’s inflation rate will remain at elevated levels under May while wages remain stagnant, forcing ministers to admit that living standards will continue to plummet during the summer and most likely into the autumn. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
....Economists are worried that the inconclusive result of last week’s snap general election will add to the mood of uncertainty among consumers and businesses alike. That will compound the pressures from the pound’s sharp drop since the EU referendum, which has pushed up the cost of UK imports and stoked inflation. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....One benefit of post-electoral uncertainty is that it may delay reforms to the UK pension system that might have cost retirees dear. Jon Greer, head of retirement policy at Old Mutual Wealth, says the Conservatives were the only party planning to abolish the triple lock on pensions from 2020, which guarantees the state pension will rise in line with either prices, inflation or 2. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....Officials at the Financial Conduct Authority, the City regulator, have embarked on a review of lenders’ practices, including how they credit-score customers and the amount of checking that takes place of customer incomes and credit history. Debt charities are on standby for a wave of distressed car buyers unable to honour deals that they will struggle to pay now that inflation is increasing strongly and their disposable incomes are shrinking. ...
What are the markets telling us about the election? image
Source : BBC [Read Article] Friday 9th of June 2017 11:36:19 AM
....Clearly those investors feel less certain that the Tories will be able to manage the economy well. Stalling wage growth and higher inflation - partly as a result of the weaker pound itself - is already adding to that uncertainty. ...
UK industrial output weaker than expected image
Source : BBC [Read Article] Friday 9th of June 2017 10:05:52 AM
....That made the UK the worst performer among the G7 nations in the first quarter of the year after outpacing them in 2016. The ONS said the first-quarter slowdown was partly due to consumer-focused industries suffering as people cut back their spending in the face of accelerating inflation. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
....Conservatives pledged to drop the state pension triple-lock, which guarantees the payment will rise by the highest of 2. 5 per cent, earnings or inflation. ...
UK economy falls to bottom of EU growth league image
Source : Guardian [Read Article] Thursday 8th of June 2017 05:33:45 PM
....Recent business surveys have suggested the UK economy has picked up some momentum in the second quarter after its slow start to 2017. But with higher inflation weighing on consumer spending, most forecasters expect growth to be lacklustre over 2017 as a whole and even weaker in 2018. ...
Markets edge down as fears surface on size of Tory majority image
Source : Guardian [Read Article] Thursday 8th of June 2017 04:46:15 PM
....Marc Ostwald of ADM Investor Services said even if May ends up back in No 10, she has a tough job ahead of her: “Even if a substantially larger majority is achieved, there is little doubt that it will make not an iota of difference to the EU’s stance on Brexit negotiations, though it will heighten the risk that both sides continue to talk at, rather than to each other, and end in a complete breakdown. “There is also little doubt that the UK economy is now facing some significant headwinds, above all consumers that are facing higher inflation, weak wage growth and the pressures associated with a far too rapid pace of credit growth, the more so given an increasingly soggy housing market, above all in the populous south-east. ...
Take a bow Mario Draghi – has the ECB chief saved the eurozone? image
Source : Guardian [Read Article] Thursday 8th of June 2017 02:21:01 PM
....But there was not the remotest suggestion that borrowing costs were going to rise, nor that the ECB’s quantitative easing programme would end – or even be tapered away – any time soon. Draghi wants to make absolutely sure that the recovery is assured and inflation is closer to its target before taking his foot off the pedal. ...
Gordon Ramsay's Brexit nightmare: chef hires team to halt rising costs image
....In the accounts, for the 12 months to the end of August 2016, the firm warns: “As a consequence of the referendum in the summer of 2016 there is a great deal of uncertainty about the future direction of the economy. “This will have a number of potential implications including cost pressures due to the inflationary impact of sterling against the euro, recruitment and the general economic climate. ...
ECB forecasts higher growth but keeps rates on hold image
Source : BBC [Read Article] Thursday 8th of June 2017 12:05:28 PM
....ECB president Mario Draghi also hinted that there was no need to cut rates further. He told a press conference: "We are now confident that inflation will converge with our objectives. ...
Election exacerbating UK property slowdown, say surveyors image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:19:01 PM
....The average number of properties on the books of surveyors was just 43 - another record low. Earlier this week the Halifax said annual house price inflation had slowed to 3. ...
General Election: Four ways the result could affect expats in the EU image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 04:02:00 PM
....Your state pension is likely to be affected by the result of the election. Theresa May has toyed with the idea of scrapping the Triple Lock - the mechanism that keeps your state pension increasing by the larger of inflation, wage growth, or 2. ...
How will the General Election affect your money? Pensions, savings and tax compared  image
....State pension triple lock Labour has promised to maintain the triple-lock, which means the state pension will rise each year by the highest of 2. 5 per cent, earnings or inflation. ...
Austerity has strangled the British economy. Only Labour gets this | Joseph Stiglitz image
....Changes to how our corporations are governed have allowed chief executives to take a larger and larger fraction of the corporate pie, leaving less and less to be reinvested in the company, and less to pay to workers. Monetary policy has been conducted with a focus on inflation rather than on employment. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
....The annual rate of house price growth is continuing to slow, according to the UK's biggest mortgage lender, the Halifax. In the year to May house price inflation fell to 3. ...
General Election result is make or break for investors image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 12:01:00 AM
....Prime Minister Theresa May has her critics, but the stock market has boomed during her 10-month tenure. The FTSE All-Share has soared at an annualised, inflation-adjusted rate of 18. ...
Retail sales down as consumers start to feel the pinch image
Source : BBC [Read Article] Tuesday 6th of June 2017 08:51:42 AM
. Consumers spent less at the shops last month as they felt "the pinch" from rising inflation and weak wage growth, the British Retail Consortium has said. ...
AO World warns of 'significant' slowdown in UK growth image
Source : BBC [Read Article] Tuesday 6th of June 2017 07:33:02 AM
...."Challenging" UK trading conditions seen last year had continued, it said. AO said the UK market had been affected by weaker consumer confidence after the Brexit vote, the pick-up in inflation and a slowdown in the housing market. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
....“After the surge in retail sales last month – the byproduct of this year’s relatively late Easter – retailers have been brought back down to earth with a thump,” said Paul Martin, UK head of retail at the BRC report’s co-authors KPMG. “The impact of inflationary pressures on the nation’s purse continues to play out in this month’s figures, with shoppers evidently spending more on food and drink than on non-food purchases. ...
EY report: Scottish economy 'stuck in slow lane' image
Source : BBC [Read Article] Monday 5th of June 2017 11:23:30 PM
....However, manufacturing output is predicted to grow in line with the overall economy for the first time since 2013, as weaker sterling and a pick-up in global demand "ultimately provide a boost to exports". The item club said Scottish households were "likely to endure a fall in real incomes" this year as a result in part of rising inflation and "weak" labour market conditions. ...

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