U.K. Publications
Below is a list of our U.K. Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep
Please use the filters on the right to search for a specific date or topic.
ois
- Public borrowing has tracked the OBR's forecast this year, but government spending now will soar.
- Loans to energy suppliers, to limit energy price rises, will boost the cash requirement, but not borrowing.
- We look for a gross financing requirement of about £325B in 2023/24, but the outlook is very uncertain.
Samuel Tombs (UK Economist)U.K.
- The drop in August’s retail sales volumes was below consensus, but almost matched our forecast.
- The weakness was broad based; consumers cut back on both essential and discretionary goods.
- The larger-than-consensus fall makes a 50bp increase in Bank Rate this week more likely than a 75bp hike.
Gabriella DickensU.K.
- The average household will spend less on energy over the next six months than during the last six.
- So a winter recession now looks unlikely, and the MPC can return to focussing on core CPI inflation.
- Fiscal policy will stabilise demand, not lift it; job market slack still looks set to emerge, limiting rate hikes.
Samuel Tombs (UK Economist)U.K.
