Friday, 13 February 2026

CPI, RPI and CPIH, summary of differences

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  The final table in Consumer Price Indices, Technical Manual, 2019 https://www.ons.gov.uk/economy/inflationandpriceindices/methodologies/co...
Thursday, 18 December 2025

Bank of England December Rate decision: 5-4 for a cut from 4% to 3.75%

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 Some points.  1. Self on the Today programme, Radio 4  The interview starts at 1:20:11 : https://www.bbc.co.uk/sounds/play/m002nhxx 2. A ...
Tuesday, 16 December 2025

Labour markets updated and the UV curve

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 The Resolution Foundation has a good update to the labour market situation today.  Some fasctinating trends. 1.  Unemployment is rising.   ...
Friday, 12 December 2025

Big numbers and thinking about GDP

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 UK GDP is about £2.2 trillion.  A basis point is defined as: 1bp is 0.0001 = 1/100th of 1%.   1. So a basis point of GDP, 0.01% of GDP, is ...
Tuesday, 9 December 2025

My time on the MPC and monetary policy at Covid and after

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I was asked by the IIMR to talk about my time on the MPC and how I reacted to the pandemic and subsequent inflation.  The video (18 mins) is...
Monday, 1 December 2025

The UK social security system: who "puts in" and who "gets out"?

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 https://ifs.org.uk/news/more-nine-ten-individuals-pay-more-taxes-they-receive-social-security-over-their-lifetime?utm_source=chatgpt.com I ...
Tuesday, 18 November 2025

UK minimum wages over time, comparison with other countries

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  1. This is an important chart from the resolution foundation , labour market outlook, Q2 2024.

Investment and uncertainty

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 Uncertainty holds back business investment: see Brexit for example.  The N ovember Bank of England Monetary Policy Report , p.20, shows thi...
Friday, 14 November 2025

What has happened to NHS capital per worker?

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 1. a New report " From Diagnosis to Delivery " by Allas et al has, on p.45 some information. 2. The figure is a figure relative t...
Thursday, 23 October 2025

The locus of R&D is moving to the information and software industries

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 From the technical appendix to Draghi report, p.234.