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...We think real household disposable income will continue to rise this year due to lower inflation and the boost from further cuts to national insurance tax announced in the March Budget from April,” said Ashley...
...Ashley Webb, an economist at Capital Economics, said the BoE figures suggested “the drag on consumer spending and the housing market from higher interest rates [was] easing”, adding: “The recession will...
...“There are green shoots of a recovery in the housing market and perhaps the wider economy,” said Ashley Webb, economist at the consultancy Capital Economics....
...“This provides further evidence that households are no longer searching for higher interest rates by tying up money in fixed-term accounts,” said Ashley Webb, economist at research company Capital Economics...
...Ashley Webb, UK economist at Capital Economics, said after the cost of living crisis would come “a cost of borrowing crunch”....
...“The fear is that the rise this year will contribute to stickier wage growth and inflation,” said Ashley Webb, UK economist at consultancy Capital Economics, noting that last year’s pay boost had coincided...
...“Mortgage rates are likely to stay high, because interest rate expectations will stay high,” said Ashley Webb, an economist at Capital Economics....
...Ashley Webb, UK economist at Capital Economics, said there was still “scope for pre-election splash in Spring Budget”, adding that he expected borrowing for the whole fiscal year, ending in March 2024, to...
...Ashley Webb, economist at the consultancy Capital Economics, said the “big drop in wage growth” suggested “domestic inflationary pressures are fading fast”....
...“Overall, today’s release will add to the [BoE]’s unease about the stickiness of inflation,” said Ashley Webb, economist at Capital Economics....
...“The decline in broad money shows that higher interest rates are working,” said Ashley Webb, economist at Capital Economics....
...“August’s public finances figures continued the recent run of better than expected news on the fiscal position,” giving the chancellor “a bit more wriggle room for pre-election giveaways”, said Ashley Webb...
...“The drag from higher interest rates on bank lending grew further in July,” said Ashley Webb, UK economist at the consultancy Capital Economics....
...Ashley Webb, economist at consultancy Capital Economics, said: “The further decline in bank lending in September will continue to weigh on activity, particularly in the housing market....
...Ashley Webb, economist at consultancy Capital Economics, said the “significant increase” in energy prices and tighter monetary policy meant setting up a business had become more expensive since the start...
...“Wage growth has passed its peak, but we suspect it will fall only gradually from here,” said Ashley Webb, an economist at the consultancy Capital Economics, which expected the BoE to hold interest rates...
...Ashley Webb, at the consultancy Capital Economics, said that while PMIs were “rarely an accurate predictor of GDP growth”, the recent trend supported the view that GDP would contract during the third quarter...
...Ashley Webb, UK economist at Capital Economics, said this was “not big enough to constitute a bank run”....
...Ashley Webb, UK economist at consultancy Capital Economics, attributed some of the fall to “people moving money into other investments outside of the banking sector, such as UK gilts”....
...Ashley Webb, UK economist at Capital Economics, said that while some of the expansion in sales could have been due to a rebound from the more seasonable weather in April, the boost to household incomes from...
...Ashley Webb, UK economist at Capital Economics, said the uptick resulted from “fast wage growth, due to the tight labour market, and government handouts supporting nominal household incomes”....
...“Higher interest rates were a further drag on lending in February, particularly in the housing market,” said Ashley Webb, UK economist at Capital Economics....
...Ashley Webb, UK economist at Capital Economics, a research company, said that “even though real household incomes have been eroded due to high inflation, households appear to have supported their real spending...
...“April’s flash PMIs suggest the economy is still proving resilient to the dual drags of high inflation and high interest rates going into [the second quarter of 2023]”, said Ashley Webb, UK economist at...
...“The coming months may still be a struggle for retailers,” warned Ashley Webb, UK economist at Capital Economics....
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