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...Additional reporting by Aiden Reiter in London Letter in response to this report:Habakkuk’s productivity warning is worth recalling / From James Winpenny, Wychwood Economic Consulting, Chipping Norton,...
...“This is a classic case of kicking the fiscal can down the road,” said Paul Dales, its chief UK economist....
...There is, said Paul Dales of Capital Economics, an “implausibly big hole” in the UK’s public spending plans....
...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....
...“A year ago, that looked like a distinct possibility,” said Paul Dales, economist at Capital Economics....
...James Bowler, the Treasury’s permanent secretary, frostily told a House of Lords committee: “I don’t agree with the language he used.”...
...The evening began with Tom Cawley’s watery electric piano conjuring a sense of mystery while a hiss of James Maddren’s cymbals implied the beginnings of a pulse....
...The sum total of tax rises pushed through in recent years is “really concentrated at the top”, said James Smith, head of research at the Resolution Foundation....
...“The rapid rebound suggests the dip was more likely down to the ever-shifting seasonal trends in spending, which have continued to change pace since Covid-19,” said James Smith, economist at ING bank....
...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...
...James Bowler, Treasury permanent secretary, took exception to Hughes’ remarks, telling MPs on Wednesday: “I don’t agree with that. I don’t agree with the language used.”...
...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....
...Paul Dales of Capital Economics said that Bailey and his colleagues were sending a hawkish message because they do not want markets to conclude that rates will fall anytime soon, loosening financial conditions...
...James Smith, economist at bank ING, said the decline in the headline CPI index was broad-based, driven by “discounting across the board” on consumer goods, including clothing, household goods and cars....
...Fleming’s ever-dominating mother Eve forbade the match. Fleming’s lawyer chum Ernie Cuneo detected in James Bond’s philandering “Ian’s revenge for the terrible hurt”....
...Additional reporting by Paola Tamma in Brussels, James Politi in Washington, Martin Arnold in Frankfurt and Richard Milne in Oslo...
...knows that high inflation has dented its credibility so it will want to be absolutely sure that inflationary pressures are consistent with the 2 per cent inflation target before cutting rates,” said Paul Dales...
...“While we are of the strong view that independence should be preserved, reforms are needed to improve the bank’s performance and to strengthen its accountability to parliament,” said Lord James Bridges,...
...It’s included in Iain Dale’s forthcoming new book British General Election Campaigns 1830-2019 (Biteback £25)....
...The conflict could “restrain how far inflation falls next year”, Paul Dales, an economist at Capital Economics, said....
...“They can’t declare victory [over inflation], and the data is actually quite helpful to push back against the market narrative,” said James Knightley, chief international economist at ING....
...Yet his verdict, in a strongly worded 75-page document that ranges over flaws in the BoE’s software to the way it deploys staff with doctoral degrees, was “strikingly technocratic”, according to James Smith...
...“Businesses weren’t in a position to maximise these sort of incentives . . . because of the short-term scale,” said James Brougham, senior economist at the manufacturers’ trade body....
...Paul Dales, economist at Capital Economics, agreed....
...Seeing Red will bring together 40 artists including Marina Abramović and Dale Chihuly, as well as lesser-known names, with prices starting at around £7,000....
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