Pickled Brits Anyone?

Well, the slew of economic data in the past few days suggests the UK economy is in a bit of a pickle, with a mix of recessionary signals pulling against some more positive wages news (at least for some). And it highlights the dilemma facing many Central Banks, as their data dependency pulls them in multiple directions and highlights how complex the current environment actually is. It seems the economy is losing steam, though that’s partly driven by industrial action and unusually wet weather but its tracking well below the Bank of England’s growth forecast for 3Q, and yet cost […]