The UK current account deficit does not matter much according to the Bank of England

Today has opened with a speech by Bank of England Deputy Governor Ben Broadbent at Chatham House. In many ways it is an extraordinary speech so let us get straight to a description of what Ben considers to be a … Read More

Posted in Bank of England, General Economics, IMF, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , | 23 Comments

Despite the promises real wages continue to fall in Japan

It is time again to take a look at the economy of the land of the rising sun. Before we do so there are a couple of developments in other areas in Japan. The first is that it is suffering/enjoying … Read More

Posted in Bank of England, General Economics, Japan's Economic Situation, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 12 Comments

The UK economy breaks new ground or rather the service sector does

Today is a day which is in tune with the hot sunny weather that most of the UK has been receiving recently. This is because the UK economy has now officially broken new ground compared to its past pre credit … Read More

Posted in Bank of England, General Economics, House Prices, UK Inflation Prospects and Issues | Tagged , , , , | 19 Comments

Spain continues a more than welcome economic recovery

The economy of Spain has been through quite a boom and then bust in the last decade. This was driven at first by the credit crunch but was then followed by another dip caused by the banking and housing markets. … Read More

Posted in Employment, Euro zone Crisis, GDP, General Economics, House Prices, Unemployment | Tagged , , , , , | 22 Comments

The Bank of England blows its own trumpet but what purpose is it now serving?

Today has seen the Bank of England reveal more details about its past and present economic policies. If we look backwards apparently its performance was much better than we thought! Let us investigate the thoughts of Paul Fisher who has … Read More

Posted in Bank of England, Forward Guidance, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , , | 16 Comments

How do we defuse the UK student debt time bomb?

One of the features of the credit crunch era is that the engaging of reverse gear for the UK economy followed by a period of flatlining made our debt problems look worse. During that period we crossed our fingers and both hoped … Read More

Posted in Debt, General Economics, Public finances, UK Inflation Prospects and Issues | Tagged , , , , | 24 Comments

What will happen next to the UK economy?

Later this week on July 25th we will receive the figures for economic growth (Gross Domestic Product) for the UK in the second quarter of 2014. Finally we will be able to observe a set of numbers which surpass those of … Read More

Posted in General Economics, House Prices, UK Inflation Prospects and Issues | Tagged , , , , | 27 Comments

What is wrong with the UK banking-sector and banks?

Today has seen the announcement of an enquiry into the UK banking sector by the Competition and Markets Authority or CMA. In case like me you were wondering about the CMA it has replaced the Office for Fair Trading and … Read More

Posted in Bank of England, Banks, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , , | 18 Comments

What have been the consequences of the banking bail- in for Cyprus and the depositors?

The last week or so has seen banking problems develop in both Portugal (Espirito Santo) and Bulgaria (CCB or Corpbank). This takes minds back to the spring of 2013 when issues with banks in Cyprus led to what is euphemistically … Read More

Posted in Euro zone Crisis, European Central Bank, General Economics, House Prices, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , , , | 17 Comments

When will UK wages respond positively to the recovery?

One of the features of the credit crunch era in the UK has been the way that the output (Gross Domestic Product or GDP) numbers have told a different story to the employment ones. As we stand we have just exceeded … Read More

Posted in Bank of England, Forward Guidance, General Economics, Income, Wages | Tagged , , , , | 22 Comments
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