David Smith's EconomicsUK.comDavid Smith's EconomicsUK - all the economics you'll ever need...Time to ease the loan stranglehold- June 29, 2008 Something extraordinary is happening in the housing market. We are seeing an unprecedented collapse in mortgage lending and no sign of an official or private-sector response. Housebuilders are hurting badly, as are others that rely on a thriving housing...http://www.economicsuk.com/blog/000728.html GDP revised down, record low for savings- June 27, 2008 The new estimate for first quarter GDP (gross domestic product) was revised down to 0.3% (from 0.4%), with year-on-year growth lowered from 2.5% to 2.3%. Most striking was what happened to the personal sector - real household disposable incomes fell...http://www.economicsuk.com/blog/000727.html Slow growth will tame the inflation beast- June 22, 2008 Your starter for 10. Who said: "The rise in inflation that we are experiencing today is a worldwide phenomenon ... Indeed, on a genuinely comparable basis, inflation in this country has increased over the past six months by less...http://www.economicsuk.com/blog/000726.html Retail sales surge, King's gloomy- June 19, 2008 Some figures surprise, some are real shockers. A 3.5% jump in retail sales last month definitely fell into the latter category. People will probably have a Victor Meldrew response to this, the largest ever monthly jump in sales volume. More...http://www.economicsuk.com/blog/000725.html MPC considered rate hike- June 18, 2008 The minutes of the monetary policy committee's June meeting showed, as expected, an 8-1 vote for no change, with David Blanchflower again the lone voice calling for a cut from 5%. But the story in the minutes is that the...http://www.economicsuk.com/blog/000724.html Inflation at 3.3%, and a letter- June 17, 2008 Inflation rose above 3.3%, as generally expected, triggering a second governor-chancellor letter (and the chancellor's response) in more than 11 years of independence. Food and energy were the main culprits behnd the rise from 3%, though "core" inflation also edged...http://www.economicsuk.com/blog/000723.html Bank should not raise rates over oil- June 15, 2008 The next few days will do much to determine whether prospects for Britains economy over the next 12 to 18 months are merely poor, or start to look dreadful. On Tuesday the May inflation figures will be published and,...http://www.economicsuk.com/blog/000722.html Migrants, wages and unemployment- June 12, 2008 Have migrant workers held down the wages of indigenous employees and increased unemployment among the young and unskilled Not according to a new paper by Sarah Lemos and Jonathan Portes, published by the Department of Work and Pensions. It says,...http://www.economicsuk.com/blog/000721.html |