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  • The economy was ticking along fine before the war, even if Q1 GDP exaggerates growth somewhat.
  • Ten-year gilt yields have another 30-to-40bp to rise if Andy Burnham wins a Labour leadership contest.
  • April inflation should drop to 3.0% in data published this week, while the jobless rate should hold steady.

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Keywords for: 18 May 2026 UK Monitor Week

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence