Hints and tips:
...After its nadir in the 1950s and 1960s, with race riots and unscrupulous landlords, the west London district rose at dizzying speed....
...The employment rate fell 0.5 percentage points to 74.5 per cent over the three months to February, while the share of working-age adults who were neither in work or job-seeking rose to 22.2 per cent....
...Paul Dales, economist at Capital Economics, agreed....
...The probability of the first 0.25 percentage point cut being delivered by June rose from about 50 per cent to 60 per cent, with traders moving to price in three cuts by the end of the year....
...“That’s a mammoth task for whoever wins the next general election,” said Dales....
...The benchmark FTSE 100 index rose 1.4 per cent after the news, putting it on track to close at a record high....
...Work smarter Another issue is work intensity — the report found it rose during the trial, falling a year later....
...Net mortgage approvals for house purchases rose to 47,400 in October from 43,700 in September, Bank of England data showed....
...“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....
...On Tuesday, the agency reported that real wages rose in the three months to November, while nominal pay growth slowed....
...GDP rose by just 0.2 per cent in August following a 0.6 per cent quarter-on-quarter fall in July....
...The countries’ population rose 1 per cent from mid-2022 to 60.2mn a year later, the fastest increase since 1962....
...“If the PMIs mean that the economy is heading for a mild recession, as we expect, then in time that would lead to less robust tax revenues and slower wage growth,” said Dales....
...Paul Dales, economist at Capital Economics, said he expected the economy had grown marginally during the three months to June....
...“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....
...The conflict could “restrain how far inflation falls next year”, Paul Dales, an economist at Capital Economics, said....
...The survey, based on interviews carried out between August 10 and August 21, reported that input costs rose at the slowest pace for two-and-a-half years, while average prices charged by private sector companies...
...Paul Dales, chief UK economist at the consultancy Capital Economics, said: “We still think the bank will raise interest rates by 0.25 percentage points tomorrow, although the risk that the bank leaves rates...
...Paul Dales, economist at the consultancy Capital Economics, said the fact that public dissatisfaction was not falling back with lower inflation “would imply the surge in inflation may have stripped the BoE...
...Persimmon, Barratt and Taylor Wimpey rose 8.3 per cent, 7 per cent and 6.8 per cent, respectively, helping London’s FTSE 100 rise 1.8 per cent....
...Paul Dales, chief UK economist at Capital Economics, said the BoE would have to “fight tougher” to bring down inflation because “the acceleration in core inflation leaves the UK looking increasingly like...
...Farming managed a cut of only 1.2 per cent, although that was a swing from 2021, when agricultural emissions rose 3.6 per cent....
...Savannah’s shares rose 22 per cent on Wednesday following the decision. The company first submitted its environmental impact assessment three years ago....
...Real consumer spending marginally increased and business investment rose 4.8 per cent. Government spending rose 0.8 per cent....
...In Europe, the region-wide Stoxx 600 fell 0.1 per cent while Germany’s Dax rose by the same amount....
International Edition