Hints and tips:
...“The Bank of England will probably throw in the towel on the pretence that interest rates could rise further,” said Paul Dales, chief UK economist at Capital Economics....
...Paul Dales, economist at the consultancy Capital Economics, said a soft landing was still “the most likely outcome”, adding that this week’s data pointed to “a bit of mild turbulence as the plane comes into...
...Andrew Goodwin, chief UK economist at consultancy Oxford Economics, cautioned that while there was no immediate need for a rate rise in the UK, inflation remains “uncomfortably strong”....
...Andrew Goodwin, at the consultancy Oxford Economics, is among the economists expecting a smaller rate increase, arguing that the change in market expectations “gives the MPC cover to dial tightening down...
...“There is a legacy that is hard to see,” said Paul Dales at the consultancy Capital Economics, who believes that lengthening NHS waiting lists are a factor in the post-pandemic contraction in the UK labour...
...“The situation is still very much in flux,” Dales said....
...Andrew Goodwin: I would like to see government investment increased to 3 per cent of GDP....
...So another rise in interest rates looks inevitable,” said Andrew Goodwin, at the consultancy Oxford Economics....
...This rise “will exacerbate the cost-of-living crisis by reducing households’ real incomes”, warned Paul Dales, chief UK economist at Capital Economics....
...If confirmed, that would be more than three times the BoE target of 2 per cent, which Dales thinks would justify four bank rate rises this year to 1.25 per cent....
...“The outcome of November’s meeting is more unpredictable than any since the pandemic began,” said Andrew Goodwin, at the consultancy Oxford Economics....
...Paul Dales: Yes....
...Arch, Beazley, Dale, Hiscox and Munich Re are supporting the scheme that begins next month and will run until September 2022....
...The longer it goes on, the more it will weigh on activity and push up prices,” said Paul Dales, at the consultancy Capital Economics....
...Andrew Goodwin, economist at consultancy Oxford Economics, said excess savings were “in the wrong hands — a large chunk of it sits with wealthier people who are less likely to spend it”....
...However, Paul Dales, chief UK economist at Capital Economics, said a recovery was possible with time if there were no major second virus outbreaks....
...Andrew Goodwin: I don’t think the Bank of England has lost control of inflation in the first place....
...Mr Dales at Capital Economics described this as “the worst result for the economy” as it would “prolong Brexit and policy paralysis”....
...Andrew Goodwin: One of the hidden transmission mechanisms is through local government finances....
...“Markets have been deaf to the MPC’s message of late and this is unlikely to change,” said Andrew Goodwin, at the consultancy Oxford Economics....
...The prime minister’s team reportedly wants to engineer an immediate stimulus, holding an emergency Budget in early October — but Paul Dales, at the consultancy Capital Economics, warns that “what you can...
...Paul Dales: Looser fiscal policy will ultimately determine how well the economy does over the next couple of years....
...partner, Berwin Leighton Paisner 67 Dan Fitz , group general counsel and company secretary, BT Group 68 Daniel Winterfeldt , partner, Reed Smith 69 Geoff Godwin , chief operating officer, AIG 70 Pippa Dale...
...In a media age, if it takes James Herriot’s All Creatures Great and Small to popularise the Dales and ITV’s Heartbeat to draw visitors to the North York Moors, so be it....
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