Category Archives: UK Inflation Prospects and Issues

Mervyn King gives the UK a retirement present of falling real and now also nominal wages

Yesterday saw a disturbing development in a regular theme for the UK economy. But before I get there I wish to address the last Quarterly  Inflation Report of the Bank of England to be presented by the current Governor Mervyn … Read More

Posted in Banks, General Economics, Inflation, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , | 24 Comments

When When When will we ever learn?

Last night I was made aware by Shireblogger of a speech by Governor Elizabeth Duke of the US Federal Reserve and it reminded me of the quotation above which is based on one regularly used by the dog Snoopy in … Read More

Posted in Banking Reform, Banks, General Economics, Quantitative Easing and Extraordinary Monetary Measures, Ratings agencies, The US Economy, UK Inflation Prospects and Issues | Tagged , , , , , | 25 Comments

What did Quantitative Easing do for the UK in the economic war daddy?

Today the Bank of England meets to discuss the outlook for the UK economy and to decide if it needs to change policy. It does so in an atmosphere where central banks all around the world have been cutting their … Read More

Posted in Banks, GDP, General Economics, Gilts, Inflation, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , | 15 Comments

Why are central banks still easing policy more than five years into the credit crunch?

My intention today is to review central bank policy over the credit crunch era. As we are now pretty much six years into it we have an opportunity to raise our noses from the day to day grindstone of events. … Read More

Posted in Banks, Barclays Scandal, Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , , , | 22 Comments

Will UK economic policy ever stop subsidising our banks and housing market?

As the credit crunch has impacted on the UK it has become clearer and clearer that both the Bank of England and the Coalition government are unwilling to accept any sustained fall in house prices. Indeed virtually the whole UK establishment … Read More

Posted in Bank savings rates, Banks, General Economics, House Prices, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , | 38 Comments

As food banks spread across the UK don’t forget that the GDP numbers were “improved”!

The UK finds itself today awaiting a set of economic growth figures which have scope for headline writers should it find itself in what has already been christened a “triple-dip” but which will not change the stagflationary environment in which … Read More

Posted in GDP, General Economics, Growth, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , | 21 Comments

The UK Public Finances are a shambles of which we should be ashamed

The UK coalition government has set out its stall on economic policy with the main emphasis being on reducing the structural  budget (fiscal) deficit in the UK. However this is proving easier said than done in the stagflationary environment that … Read More

Posted in Budget, GDP, General Economics, Growth, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , | 22 Comments

So much for Funding for Lending stimulating bank lending in the UK

This week I have been examining aspects of the UK economy and the central theme of this is that our  economy is going to continue to struggle if wage growth remains so weak. This is because it has fallen well below … Read More

Posted in General Economics, Growth, IMF, Inflation, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , , | 28 Comments

The falling level of UK real wages highlights the flaws in letting inflation run persistently above target

Today we see a new set of UK inflation figures (for March) and we do so knowing that the official inflation measure has been over its 2% target for some time. For example if we use annual averages it has … Read More

Posted in General Economics, Growth, Inflation, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , , | 35 Comments

What is happening in the UK Economy? Is our services sector keeping us out of a depression?

One of the themes of this blog has been and indeed is that the UK is mired in stagflation with weak economic growth combined with inflation which is over its official target. We received more evidence of this yesterday afternoon … Read More

Posted in Banks, GDP, General Economics, Growth, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , , | 34 Comments
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