Firstly, happy New Year 2014. I took an extended break from blogging over Christmas. Firstly, because I was on holiday in Portugal. Secondly because in Portugal, I got knocked off my bike by a crazy dog. I just about managed to hobble home, then the next morning fell over my front door step causing grazes …
The UK economy has experienced the most prolonged decline in real GDP on record. GDP is still lower than before the start of the great recession in 2008. This unprecedented recession has been prolonged – despite a sharp depreciation in the Pound, and a raft of unconventional monetary policies. However, recent statistics suggest there are …
Ryanair certainly no how to get free publicity, and although they say there’s no such thing as bad publicity. You have to half-admire a company whose strategy seems to be to annoy customers as much as possible. Recently, the outspoken Ryanair Chief Michael O’Leary stated that the cost of checking in luggage to a Ryanair …
Latest economic stats for economic growth in the European Union Real GDP growth in 2012 -0.6% Growth in Q1 2013 -0.2% Latest at Eurostat Euro 17 GDP UK vs Euro GDP Source: ONS – ECB Economic growth within different EU countries Note figures for 2013 and 2013 are forecasts (in my opinion OECD are being …
Latest GDP statistics show economic growth of 0.3% in Q1 of 2013. (Link ONS) The strongest growth has come from the service sector (1.3%) and retail in particular. Production industries fell -2.6% in Q1 2013. Construction was hardest hit falling – 6.3% Despite the strongest growth in real disposable income since 2009. (Real household disposable …
When interest rates were cut to 0.5% in March 2009, few would have expected them to remain at 0.5 until the present time. Yet, we have seen an unprecedented period of zero interest rates. There is much speculation about: When interest rates will rise? How much will interest rates to increase to? What will be …
In Jan 2013, UK industrial production was 2.9% lower than Jan 2012. Manufacturing on a seasonally adjusted basis fell by 3.0% in January 2013 compared with January 2012. Industrial production is over 15% lower than at the start of the recession in 2007. Industrial output (production industries = Mining + manufacturing + energy + water) …
Looking at the economic factors which will influence the value of the Pound Sterling to the Euro in the future.