U.K. Document Vault
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We're bracing for another ugly set of labour market data on Thursday, showing that both employment and earnings fell sharply in May and June.... More by Samuel Tombs
June's consumer price figures, released on Wednesday, probably will be overshadowed this week by data for May for GDP--see our detailed preview here--and the labour market.... More by Samuel Tombs
We expect May's GDP report, released on Tuesday, to provide an early blow to hopes that the economy will embark on a V-shaped recovery this year.... More by Samuel Tombs
The Chancellor's Summer Statement contained a targeted package of measures aiming to sustain employment and support the ailing hospitality sector. In total, these measures could inject up to £30B into the economy, depending on take-up by households and firms.... More by Samuel Tombs
Speculation has mounted in the press that the Chancellor will raise the threshold for Stamp Duty Land Tax temporarily to £500K, from £125K, in today's Summer Statement.... More by Samuel Tombs
The next couple of months likely will see some activity data rebound to close to pre-Covid levels, fuelling hopes of a V-shaped recovery.... More by Samuel Tombs
Governor Bailey signalled a potential shift in the Bank of England's approach to withdrawing monetary stimulus--whenever the time comes--last month in an article for Bloomberg Opinion.... More by Samuel Tombs
The release today of the final reading of the composite PMI for June will provoke further debate over its usefulness in charting the economy's recovery from the Covid-19 shock.... More by Samuel Tombs
The recovery in the industrial sector from Covid-19 finally commenced in earnest in June, after May's stalled start.... More by Samuel Tombs
Yesterday's national accounts showed that the downturn in the economy on the eve of the Covid-19 outbreak was sharper than first estimated.... More by Samuel Tombs
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