U.K. Service Industries Return to ‘Pre-Snow’ Growth

Still looks to me like the govt deficit is plenty high enough to support at least modest gdp growth until the pro active austerity measures actually reduce it. UK Headlines: U.K. Service Industries Return to ‘Pre-Snow’ Growth Inflation Could Force Bank of England to Raise Interest Rates, Says Deputy Governor Charlie Bean UK Faces US-style […]

Re: UK

[Skip to the end] (email exchange) >   On 12/3/08, Kevin wrote: >    >   Hi Warren, >  &#160 >   The UK deficit and debt to GDP is increasing dramatically as the government >   seeks to stabilize the economy. >    Yes, good move on their part. That will restore demand/output/employment. >    >   With the UK being a net importer of goods. >    Yes. […]

UK Daily News Highlights

[Skip to the end] Highlights U.K. Home Prices Drop as Economy Nears `Abyss,’ Rightmove Says U.K. Mortgage Lending Declines to Lowest Since 2005, CML Says Economy in recession, says E&Y Darling to ‘reprioritise’ spending U.K. Deposit Fund Pays 3 Billion Pounds for ING Iceland Savers   Very constructive move here- front loading future public sector […]

2008-08-13 UK News Highlights

[Skip to the end] Highlights: BoE Cuts Growth Forecasts, Jobless Climbs U.K. Unemployment Rose the Most Since 1992 in July Surge in credit card debt charge-offs U.K. Homebuilders Fall as Unemployment Rise May Worsen Slump     Article snip: BoE Cuts Growth Forecasts, Jobless Climbs (Bloomberg) The BoE cut its forecast for U.K. economic growth […]

2008-08-07 UK News Highlights

[Skip to the end] Highlights: ECB Leaves Interest Rates at Seven-Year High to Fight Inflation German industrial orders drop Western European Car Sales Fall by 6.7% in July, JD Power Says German June Exports Rise the Most in Nearly Two Years German Economy Contracted as Much as 1.5% in 2Q French Trade Deficit Expands to […]

Re: UK economy

[Skip to the end] (an email exchange) >    >    >   On Wed, Aug 6, 2008 at 12:25 AM, Prof. P. Arestis wrote: >    >   Dear Warren, >    >   Just received the piece below. The situation over here is getting >   worse but pretty much as expected. >    >   Recession signalled by key indicators of British economy >    >    >   Best wishes, […]

U.K. mortgage approvals drop to least since 1999

U.K. Mortgage Approvals Drop to Least Since 1999 By Jennifer Ryan (Bloomberg) U.K. mortgage approvals dropped in December to the lowest in at least nine years, and consumer credit fell, threatening the outlook for economic growth. Lenders granted 73,000 loans for house purchase, down from 81,000 in November and the least since records began in […]

King Says U.K. Inflation May Match Fastest Pace in a Decade

States the issues clearly: King Says U.K. Inflation May Match Fastest Pace in a Decade (Bloomberg) Bank of England Governor Mervyn King said inflation may match the fastest pace in at least a decade this year and require an explanation to the Treasury, a sign that policy makers have limited scope to cut interest rates. […]