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It was kind of the new UK Prime Minister to so enthusiastically confirm one of my main economic themes yesterday afternoon/evening as this policy proposal appeared. NEW: Andy Burnham has privately agreed to reverse Keir Starmer’s cuts and increase international … Continue reading →
A troubling thought through the recent phases of bond yield rallies has been that the central bankers who had previously considered themselves masters ( and in some cases mistresses ) of the bond universe were being humiliated. Or to be more precise some combination of the central banks balance sheet and their national taxpayers were … … Continue reading →
This morning those in the UK woke up to another in a sequence of disappointing inflation numbers. The Consumer Prices Index (CPI) rose by 2.9% in the 12 months to July 2026, up from 2.6% the previous month. On a monthly basis, CPI rose by 0.3% in July 2026, compared with a rise of 0.1% … … Continue reading →
At the moment events have the feeling that they are picking up pace and we get some more signs of that from this morning’s UK labour market data. One context is how unreliable the official numbers have become as I pointed out last Wednesday. Regular readers will recall discussions on here about one official survey … … Continue reading →
It is time again to look east to Nihon the land of the rising sun as several of our main economic themes are in play there this morning. Of course with a Japanese twist. We can start with the latest economic growth figures. Japan’s economic growth in the April-June quarter fell short of analyst forecasts, … … Continue reading →
This morning I spotted something that has both serious repercussions and frankly also raises a smile so let us get straight to the Financial Times. UK chancellor John Healey has been urged by senior figures in Sir Keir Starmer’s former government not to blow a “strong” economic inheritance by raising taxes and hitting business in … … Continue reading →
This morning has brought some better news for the UK economy and let me start with the headline act. UK real gross domestic product (GDP) is estimated to have increased by 0.4% in Quarter 2 (Apr to June) 2026, following growth of 0.6% in Quarter 1 (Jan to Mar) 2026. So the UK had a … … Continue reading →
Yesterday brought a rather important update from the UK Office for National Statistics. Transitioning to the online-first Transformed Labour Force Survey (TLFS) in 2027 is an important strategic priority for the Office for National Statistics (ONS) as the sustainable solution to declining participation and quality issues affecting traditional social surveys. The bit that caught my … … Continue…
It is time again for one of our trips to a land down under. There is quite a bit going on and into the mix a few hours ago we heard from its Reserve Bank the RBA. At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent. So we … … Continue reading →
Over the past few days there have been several developments in one of my earliest themes which is that housing is too expensive in the UK. Something that us linked to my campaign to make sure that housing is properly measured in the inflation indices as the establishment keeps forgetting to put owner-occupied housing in … … Continue reading →
This morning has brought more news on a theme of mine that is an increasing concern which is the economic malaise affecting La Belle France. In the second quarter of 2026, the number of unemployed in France, as defined by the International Labour Organization (ILO), increased by 62,000 compared to the previous quarter, reaching 2.7 … … Continue reading →
