David Smith's EconomicsUK.comDavid Smith's EconomicsUK - all the economics you'll ever need...A jobless rise but not a bloodbath- July 13, 2008 Every day, it seems, brings a new announcement of job losses from housebuilders. Totting up the numbers for the past week or so gives a figure not far short of 10,000, and this is not counting the thousands of...http://www.economicsuk.com/blog/000735.html FT house price index merely slips- July 11, 2008 The FT house price index, compiled by Acadametrics, continues to provide an oasis of calm when set against the Halifax and Nationwide numbers. It showed a drop of 0.6% last month but a rise of 1.2% compared with a year...http://www.economicsuk.com/blog/000734.html Held at 5%- July 10, 2008 The Bank of England's monetary policy committee held Bank rate at 5%, as expected. Any other decision would have been a surprise, despite more downbeat news on the housing market, with the Halifax reporting a 2% drop in house prices...http://www.economicsuk.com/blog/000733.html Gathering gloom- July 8, 2008 A clutch of weak surveys and official statistics to start the week. This morning's British Chambers of Commerce survey, here, has given rise to very gloomy headlines. Many of the survey balances are weak, though not quite as weak as...http://www.economicsuk.com/blog/000732.html Economy is running on nearly empty- July 6, 2008 One of the most remarkable things about Britain's economy in recent years has been its ability to keep growing. Through thick and thin, even at times when the battery threatened to give up entirely, the long expansion has continued....http://www.economicsuk.com/blog/000731.html Bank should hold, says shadow MPC- July 6, 2008 In its latest monthly E-mail poll (carried out in conjunction with the Sunday Times) the Shadow Monetary Policy Committee (SMPC) voted by eight votes to one to hold UK Bank Rate at 5% on Thursday 10th July. The one dissenting...http://www.economicsuk.com/blog/000730.html Credit conditions tightening- July 3, 2008 Apart from Marks & Spencer, which has been making the headlines, there is more slowdown evidence from the Bank of England. Its latest credit conditions survey, here, shows that lenders tightened credit to households and businesses in the second quarter...http://www.economicsuk.com/blog/000729.html |