UK CPI creeps up during January lockdown February 17, 2021 The UK’s Consumer Prices Index was 0.7 per cent in January, the Office for National Statistics said on Wednesday. Rising prices for food, transport and household goods helped to drive the increase. January’s figure was up slightly from December’s reading of 0.6 per cent despite a return to national lockdown restrictions. Inflation remains a long [...]
Before the Bell: Reflation concerns prompts yields spike while UK CPI is up next February 17, 2021 Over the past few weeks, it’s been notable that bond markets, both in the UK and in the US are starting to price the risk of higher inflation pressures, as long-term yields move to the upside. Yesterday, US 10-year treasury yields jumped sharply higher to 1.3 per cent, in a move that suggested that markets [...]
Eurozone GDP fell as lockdown restrictions tightened ahead of Christmas February 16, 2021 Eurozone GDP fell as lockdown restrictions tightened ahead of CHristmas
Proposals to help self-employed and directors backed by cross-party MPs February 16, 2021 The Federation of Small Businesses (FSB) chairman has said the government needs to act to help the businesses that fell through the gaps in business support requirements. In response to the Treasury Committee’s Economic Impact of Coronavirus inquiry update this morning, FSB chairman Mike Cherry said: “The government urgently needs to come forward with a [...]
Maybe analyst recommendations DO add value February 16, 2021 | City Talk This is something all investors know for a fact: following analyst buy or sell recommendations isn’t going to lead to outperformance in the long run. Or is it? A new study may cast some doubt on the conventional wisdom. In “Analyst Recommendations and Anomalies Across the Globe,” Vitor Azevedo and Sebastian Müller, CFA, examine 3.8 million analyst forecasts in [...]
IFS urges Rishi Sunak not to raise taxes in March Budget February 16, 2021 Rishi Sunak’s March Budget should announce “well targeted” extensions to current emergency Covid support measures and avoid any tax rises, according to one of the UK’s largest economics think tanks. The Institute for Fiscal Studies (IFS) will today urge the chancellor in an online event to “secure the UK’s economic recovery” and “set out plans [...]
New WTO boss Ngozi Okonjo-Iweala: Vaccine nationalism will erode global rebound February 15, 2021 New WTO boss Ngozi Okonjo-Iweala: Vaccine nationalism will erode global rebound
Treasury Committee chair: ‘One-off wealth tax’ could patch the Covid gap in public finances February 15, 2021 The MP who leads the Treasury Committee suggested this morning that Chancellor Rishi Sunak should introduce a one-off wealth tax to help revive the country’s public finances. As the pandemic is tearing its way through public finances, the chair of the UK Treasury Committee, Mel Stride, said a one-off wealth tax may be an effective [...]
Treasury Committee calls for economic modelling alongside Covid lockdown roadmap February 15, 2021 Westminster’s Treasury Select Committee has called for the government to release economic and epidemiological modelling on Covid restrictions when Boris Johnson unveils his roadmap out of the lockdown. Committee chair and Tory MP Mel Stride wants chancellor Rishi Sunak to produce the combined modelling, known as epi-macro modelling, to provide businesses the economic and social [...]
UK GDP: How City analysts reacted to the record economic slump February 12, 2021 The City was hit with some sobering figures this morning, as the latest official data showed UK GDP suffered its largest annual fall on record. The economy shrank 9.9 per cent in 2020 as a result of the Covid-19 pandemic, but narrowly avoided a double-dip recession with growth of one per cent in the final [...]