Hints and tips:
...“Even a few new tax cuts probably wouldn’t prevent total tax revenues as a share of GDP rising to levels not seen since the late 1940s,” said Capital Economics economist Paul Dales....
...But Capital Economics economist Paul Dales expects the OBR to cut its growth forecast again. “The recent weakness of the economy may mean the OBR cuts it further, perhaps to 0.2 per cent,” he said....
...“It’s a real miss,” said Paul Dales, chief UK economist at consultancy Capital Economics, adding that it would be “a huge improvement” if the MPC published its own projections for rates and showed what action...
...Paul Dales, chief UK economist at the consultancy Capital Economics, said that without this “clear weakening in activity in the labour market, we’d be a bit worried that the UK’s disinflation process is...
...“GDP would need to fall by an unlikely 1 per cent month on month or more in March for the economy to contract in the first quarter as a whole,” said Paul Dales, chief UK economist at Capital Economics....
...Paul Dales, economist at Capital Economics, agreed....
...Paul Dales, chief UK economist at the consultancy Capital Economics, said the easing in pay growth was “probably still a bit too slow for the Bank of England’s liking”, although there were “signs that a...
...Paul Dales, economist at Capital Economics, said the central bank would “be pleased that the public’s inflation expectations have continued to fall, but it probably doesn’t mean the first interest rate cut...
...Meanwhile, Cleveland Fed president Loretta Mester will speak about financial stability at a policy conference in Chicago....
...“There appears to be something of a middle malaise, with a big number of “middle” firms having become significantly less productive,” said Paul Dales, economist at consultancy Capital Economics....
...There is, said Paul Dales of Capital Economics, an “implausibly big hole” in the UK’s public spending plans....
...Cleveland had also secured the backing of the United Steelworkers union....
...“Despite efforts in the statement to keep the door open to further hikes, many investors will now assume that the Bank of England’s hiking cycle has concluded,” he said.Paul Dales from Capital Economics...
...“This is a classic case of kicking the fiscal can down the road,” said Paul Dales, its chief UK economist....
...“A year ago, that looked like a distinct possibility,” said Paul Dales, economist at Capital Economics....
...Paul Dales, chief UK economist at the consultancy Capital Economics, said resilient consumer credit data suggested that “higher interest rates are yet to significantly crimp unsecured borrowing”....
...Paul Dales, of Capital Economics, said he expected the bank to “throw in the towel” on the notion that it was prepared to lift interest rates further. He expects the first cut to come in June....
...“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....
...“In a few months’ time, the UK will have shaken off its tag as the global inflation laggard,” said Paul Dales, economist at the consultancy 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...
...Paul Dales, at the consultancy Capital Economics, said the strong inflows were “encouraging” since “the UK’s shortage of labour since the pandemic has held down economic growth and boosted inflation”....
...Paul Dales, economist at the consultancy Capital Economics, said faster growth in the HCI for mortgagors was “exactly what you would expect and what the BoE would want to see after raising interest rates...
...Paul Dales, UK economist at Capital Economics, said any attempt to improve the UK’s performance would need to address three key areas: improving the labour supply, lifting the investment rate and reinvigorating...
...Some of the factors may explain the higher inflation rates seen in the UK compared with its peers, according to Paul Dales of Capital Economics....
...“The key point is that the economy is not weak enough to reduce core inflation and wage growth quickly,” said Paul Dales, economist at the consultancy Capital Economics....
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