As widely anticipated, the Bank of England’s Monetary Policy Committee (MPC) has today decided to raise interest rates by 0.25 percentage points, to 0.5% -- the first interest rate rise in 10 years.
On the 19th October, 4most will be hosting an Economic Roundtable, hosted by Head of Economic Modelling Keith Church, which will outline key economic developments and the risks that lie ahead.
UK unemployment continues to fall. In the three months to February, there were 45,000 fewer people unable to find a job than was the case in September to November 2016. This is down 141,000 on a year ago. Those looking at the numbers from a credit risk perspective can take heart: the last time the UK unemployment rate was this low was in the 1970s.
That is exactly what Albert Edwards strategist at the bank Société Générale would have us believe. Alongside RBS, he is warning of a new crash, saying oil price plunge and deflation from emerging markets will overwhelm central banks, tip the markets and collapse the Eurozone.