(Govt) Bond buying --> money printing
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Bank of England Base rate & other news
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Bank Rate maintained at 0.1% - June 2021
Full report here:
https://www.bankofengland.co.uk/mone...2021/june-2021Comment
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Originally posted by Martin@AS Financial View Post
:::
"Labour could order biggest Bank of England shake-up in decades"
https://uk.reuters.com/article/us-br...-idUKKBN1JF32Y
Also, "productivity" is measured by GDP, which perversely includes public spending. So Labour's pledge, although it sounds commendable, is no more than a deceitfully indirect way of saying they would increase government borrowing and taxes, which would end up massively DEcreasing genuine private sector productivity!
Edit: I just noticed, that article is over three years old! (Not that Labour policy will ahve changed since then)Last edited by OwlHoot; 24 June 2021, 21:31.Work in the public sector? Read the IR35 FAQ hereComment
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Bank Rate maintained at 0.1% - August 2021
Full report here:
https://www.bankofengland.co.uk/mone...21/august-2021
Comment
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Base rate maintained at 0.1%
Of particular interest, the Bank of England have revised their expectations of UK GDP in Q3 downwards by 1% since their report in August which is 2.5% below pre covid levels.
This is partly due to "lengthier supplier delivery times, backlogs of work and significant material and labour shortages in some sectors".
Happily though, consumer confidence remains strong with household spending remaining at generally good levels
"Although official estimates of retail sales volumes had fallen by 0.9% in August, the level of sales had remained over 4% above its pre-Covid levels".
Full report here:
https://www.bankofengland.co.uk/mone...fa85-113524461Comment
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Originally posted by Martin@AS Financial View PostBase rate maintained at 0.1%
Of particular interest, the Bank of England have revised their expectations of UK GDP in Q3 downwards by 1% since their report in August which is 2.5% below pre covid levels.
This is partly due to"lengthier supplier delivery times, backlogs of work and significant material and labour shortages in some sectors".Brexit
Happily though, consumer confidence remains strong with household spending remaining at generally good levelsFirst Law of Contracting: Only the strong surviveComment
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Originally posted by Martin@AS Financial View PostHappily though, consumer confidence remains strong with household spending remaining at generally good levelsComment
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Originally posted by Paralytic View Post
Well, duh, of course it is. The economy is full of £billions of furlough money the government has given for people to watch Homes Under the Hammer and order Uber Eats . It'll be interesting to see how it compares in a couple of months.
https://www.mortgagefinancegazette.c...me-17-09-2021/First Law of Contracting: Only the strong surviveComment
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Bank Rate maintained at 0.1%
For all the talk recently of an increase The MPC voted by a majority of 7-2 to maintain Bank Rate at 0.1%
Full report here:
https://www.bankofengland.co.uk/mone...c395-113524461Comment
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