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Showing 1 - 10 of 54 results for "UK economy"

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... and consumer confidence, alongside higher output levels due to the phased reopening of customer-facing areas of the UK economy." The flash UK manufacturing PMI soared to 66.1 in May - the highest since 1992 - from the final reading of 60.9 in the previous ...

Chief economist update: More manna from UK Treasury

BENJAMIN ONG  |  FRIDAY, 5 MAR 2021
... Sunak prefaced his delivery of more manna from the government by stressing the damage the coronavirus has done to the UK economy. It has "shrunk by 10% -- the largest fall in over 300 years; and "since March, over 700,000 people have lost their jobs" ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... government worked from home - implementing support measures amounting to around 5% of GDP. Still, latest data show that the UK economy is heading for an even deeper dive. UK GDP growth plunged by 10.4% in the three months to April following a 2.0% contraction ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... "horrible" events which happened to the royal family back then but she might as well have described the state of the UK economy. UK GDP growth shrank for the seventh straight quarter in June 1992 and the pound sterling was forced out of the Exchange ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... which occurred due to changes in Lloyds Banking Group's reporting assumptions given the "expected deterioration in the UK economy" as a result of COVID-19. Lloyds' underlying profit was £558 million compared to more than £2.1 billion in the first quarter ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... at the end of this year, the possibility of a no-deal divorce will continue to remain a nagging uncertainty for the UK economy. Looks like incoming BOE Governor Andrew Bailey would have to hit the ground running.

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... to reinforce the expected recovery in UK growth and inflation." Needless to say, the strength (or otherwise) of the UK economy relative to the EU would partially dictate the outcome of the Brexit negotiations over the next 12 months. Carney has every ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... peak (March) and 11.4% down from the nearest pre-Brexit vote high. Sterling's weakness is providing support to the UK economy. Case in point, concerns that the UK economy will slip into a recession in the third quarter have been eased by stronger-than-expected ...

Chief economist update: The fear of Brexit

BENJAMIN ONG  |  THURSDAY, 29 AUG 2019
... quarter to 0.2% in the third quarter. US GDP growth slowed to an annualised rate of 2.1% from 3.1% -- but it's the UK economy that's still responding to the dictates of Economics 101. The UK's low unemployment rate - 3.9% in June - is lifting ...

Emerging markets for the win: ABDO

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
... cheaper to the Aussie dollar. "Currency can be a huge windfall for your portfolio," Campbell said. "The pound is cheap. UK economy has done okay despite the Brexit kerfuffle." Other currencies Malaysian Ringgit, the Korean Won and the Japanese Yen are ...
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