The inflation miss should not be overplayed - rates are almost certainly near their peak.
What caught my attention
Being in favour of economic growth is easy. It is also empty.
The OBR and the BOE foresee very different recessions. The key difference is household savings.
A horrible squeeze, a disagreement on monetary policy & a Gordon Brown-type fiscal approach
The UK macro-policy mix looks awful. Again.
From one extreme to another.
The UK macro mess
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