Notayesmanseconomics's Blog
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Blog by Shaun Richards. I am an independent economist who studied at the London School of Economics. My speciality is monetary economics and I analyse current economic trends.
Notayesmanseconomics's Blog
1d ago
As we approach summer in the Northern Hemisphere we can look back on a year that is not going as planned. We began 2024 with markets on a surge backed by anticipation of a succession of interest-rate cuts which were ..read more
Notayesmanseconomics's Blog
1d ago
This morning has brought the latest update on the UK public finances and after some more welcome numbers today’s is more nuanced. Borrowing – the difference between public sector spending and income – was £11.9 billion in March 2024, £4.7 ..read more
Notayesmanseconomics's Blog
3d ago
On Friday evening we got quite a significant policy speech from the Bank of England. This is partly because of its structure as of the 9 members of the Monetary Policy Committee some 5 of them are “insiders” under the ..read more
Notayesmanseconomics's Blog
6d ago
This morning has seen the latest UK Retail Sales release and on the surface not much is happening. Retail sales volumes (quantity bought) were estimated to be flat (0.0%) in March 2024, following an increase of 0.1% in February 2024 ..read more
Notayesmanseconomics's Blog
6d ago
The economic story of 2024 is again being driven by the US economy. Back on the 4th of this month we were ahead of the game. The Bond market sold off in response to the above and the thirty-year yield ..read more
Notayesmanseconomics's Blog
1w ago
This morning has brought some better news for the UK on the inflation front. The Consumer Prices Index (CPI) rose by 3.2% in the 12 months to March 2024, down from 3.4% in February. So we have seen quite a ..read more
Notayesmanseconomics's Blog
1w ago
This morning’s UK laboir market release is a bit of a change on what we have become used to. But we can start with something that is both familiar and in my opinion good news. Annual growth in regular earnings ..read more
Notayesmanseconomics's Blog
1w ago
Friday brought something which could have come straight from the pages ( or tv programmes) of Yes Minister. What I mean by that is releasing the Bernanke Review at Midday on Friday meant many minds were already drifting towards the ..read more
Notayesmanseconomics's Blog
1w ago
This morning has started pretty brightly for the UK economy via the latest monthly GDP release. From the Office for National Statistics. Monthly real gross domestic product (GDP) is estimated to have grown by 0.1% in February 2024, following growth ..read more
Notayesmanseconomics's Blog
1w ago
This morning we have heard from the Bank of England or at least one of its nine ( like the Nazgul in The Lord of the Rings) policymakers. But before we get to the words of Megan Greene there is ..read more