Daily Archives: November 19, 2008

All speculators on election timing should take a look at the Treasury’s summary of independent economic forecasts, which was released earlier today. It basically shows is that there is no good time for Gordon Brown to call an election, at least in terms of the economy. Read more >>

Jim Pickard

The Bank of England’s MPC – which sets interest rates – agreed two weeks ago to slash rates by 150 basis points to 3 per cent: their lowest level for half a century.

The minutes of that meeting, out today, suggest that members believe more cuts are needed. Interesting to note however they agreed ”it would make sense…to reassess the required scale of monetary easing after the Chancellor’s pre-Budget report”. Read more >>