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 , , , , , | Leave a comment

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

UK house prices surge again as consumer inflation pushes higher

Today sees the publication of the inflation numbers for June and the UK will see a  relatively welcome situation where official consumer inflation is a little below its target. But for the fact that it still exceeds wage growth the … Read More

Posted in Bank of England, Forward Guidance, General Economics, Inflation, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , , , | 22 Comments

Whatever happened to yield? Where do risk-averse investors go now?

The credit crunch era has brought all sorts of different effects to the economies of the world but one of the most powerful has been to change the relationship between capital returns and interest or yield returns. Official interest-rates in so many … Read More

Posted in Bank of England, Bank savings rates, General Economics, Interest rates, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , , , | 29 Comments

Weak demographics and lack of economic growth are real problems for Portugal

Yesterday saw fears about Portugal and in particular its banking system affect and perhaps infect financial markets. It was quite a big impact for such a relatively small economy which is less than 2.5% of the Euro area’s economy let … Read More

Posted in Euro zone Crisis, European Central Bank, General Economics, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 12 Comments

Who would have though such a large trade deficit would be accompanied by a rising UK Pound?

Today the Monetary Policy Committee of the Bank of England meets or if you read this after midday has met. After Tuesdays industrial production figures for May the already very low chance of a policy change -Forward Guidance still exists- … Read More

Posted in Bank of England, Forward Guidance, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , | 29 Comments
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