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At May’s MPC meeting the committee revised up its forecast for GDP growth in 2021 significantly and laid out its plans to slow the pace of asset...
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Recent survey and high-frequency data have boosted hopes that the economy is in the early stages of a strong rebound as lockdown ends. Positively,...
Reflecting recent positive developments, we think the MPC will vote unanimously to keep policy on hold in its May meeting. It will likely also push
A win for pro-independence parties at Scottish elections on May 6 will put Scotland’s exit from the UK back on the political agenda. But in our...
Although February saw GDP make only a modest advance in exiting a Covidshaped hole, the month’s 0.4% m/m rise in output should herald the start of...
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...
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...
March’s MPC meeting proved predictably uneventful. Monetary policy was left unchanged, while the committee was relaxed about the recent rise in...
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...
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