Martin Beck

Recent Posts

Q4’s national accounts revealed GDP falling not quite as far short of pre-Covid levels as previously believed. And a reversion of end-2020’s elevated...

The unexpected resilience of house prices last year sets 2021 up to be another year of rising values. But unsupportive macro factors and the end of...

March’s MPC meeting proved predictably uneventful. Monetary policy was left unchanged, while the committee was relaxed about the recent rise in bond...

The vaccine programme and the government’s roadmap for relaxing restrictions should support a strong economic recovery without the need for more...

The Chancellor’s ‘spend now, pay later’ Budget delayed the pain of dealing with Covid’s fiscal cost. In the near-term, extending support schemes and...

The Budget delivered a net, near-term fiscal loosening, which should buttress the economic recovery. Discretionary fiscal policy will start to drag...

The government’s roadmap for exiting lockdown takes a gradual approach to relaxing restrictions. Combined with other factors, including the rapid...

Last week’s evidence on how well the economy is bearing up to the pain of the current lockdown was mixed. Retail sales in January fell by more than...

The recent spell of very cold weather seems apt for an economy partially frozen as a result of lockdown. High-frequency indicators of economic...

The Monetary Policy Committee (MPC) chose to look through the economic blow of the current lockdown to a vaccinated, brighter, future, in its...