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Recession Watch
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Recession Watch

Households have been shielded from much of the Bank's tightening so far. That will soon begin to change.

Duncan Weldon
May 20
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Recession Watch
duncanweldon.substack.com

My own preferred indictor of how bad things are getting for the British economy is flashing red. I have been on the radio 4 times this week and broadcast interest in me moves inversely to economic activity.

GfK’s measure of consumer confidence has a longer track record though, so it probably worth paying more attention to. The fall in the headline numbe…

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