UK inflation has risen to 3.1%, driven heavily by fuel and energy. Core and services inflation have not accelerated, while petrol prices have risen further in September. Higher interest rates can supp
I think they'll hike, and it'll be a policy error. I mean by itself 25bps doesn't really make a big difference anyway (gilt yields have already done far more tightening), but the Fed and ECB hiking have in effect given them cover for it, and they'll probably use the dubious, still subject to possible revisions 0.4% July GDP figure to say the economy can withstand it.
Spot on, Julian. Leaning on initial GDP estimates as cover to follow the Fed always feels a bit like navigating by rear-view mirror while ignoring the potholes ahead.
A bit off topic but it’s pretty obvious stop the virtue signalling and economic & scientific illiteracy, get drilling the North Sea immediately cancel all subsidies on intermittent energy and eventually we could nearly become self sufficient. I would also open the very efficient and clean coal mines that China is opening and get fracking, The blob cannot have Net zero and Uk growth one has to go.
Never one to sit on the fence, Tim! Energy security is certainly back at the sharp end of the debate, especially when household bills bite. Whichever way we cut it, balancing the grid while keeping the lights affordable without tanking growth is proving far easier said than done in Whitehall.
Tom Luongo is an excellent source on the financial world system and Promethean Update are spot on, excellent benchmarks👍
Some other sources are mostly the opposition spouting the DS propaganda designed to confuse and take us down the wrong path.
The Midterms Are Irrelevant Trump's Already Won 😃👍
https://youtu.be/62g66fB0RYo?is=357yWb8SXzxDUQas
I think they'll hike, and it'll be a policy error. I mean by itself 25bps doesn't really make a big difference anyway (gilt yields have already done far more tightening), but the Fed and ECB hiking have in effect given them cover for it, and they'll probably use the dubious, still subject to possible revisions 0.4% July GDP figure to say the economy can withstand it.
Spot on, Julian. Leaning on initial GDP estimates as cover to follow the Fed always feels a bit like navigating by rear-view mirror while ignoring the potholes ahead.
A bit off topic but it’s pretty obvious stop the virtue signalling and economic & scientific illiteracy, get drilling the North Sea immediately cancel all subsidies on intermittent energy and eventually we could nearly become self sufficient. I would also open the very efficient and clean coal mines that China is opening and get fracking, The blob cannot have Net zero and Uk growth one has to go.
Never one to sit on the fence, Tim! Energy security is certainly back at the sharp end of the debate, especially when household bills bite. Whichever way we cut it, balancing the grid while keeping the lights affordable without tanking growth is proving far easier said than done in Whitehall.