Alan Clarke
Alan Clarke
Alan Clarkewas an English television and film director, producer and writer...
ProfessionDirector
Date of Birth28 October 1935
highlight house inflation last learn mistakes mortgage price rather react sooner
Mortgage approvals highlight a significant probability that we will see double-digit house price inflation this year. The MPC would do well to learn from last year's mistakes and react sooner rather than later.
ammunition expect move next provide vote
For now, the 8-1 vote will provide ammunition to the doves that expect the next move to be a cut.
broader certainly consumer data demand fair hawks lends official quarter retail sales suggest support
This certainly lends support to the (Bank of England) hawks that suggest the official retail sales data may not be a fair representation of broader consumer demand in the first quarter of the year.
adjust believe continue data firm higher inflation interest rates risks upside
As the data continue to firm and upside risks to inflation build, we believe the MPC will adjust interest rates higher in the New Year,
context cut deep figures interest mortgage news rates soon suggest surprising widely
Speculation that we will see deep interest rates is overdone. In the context of the widely anticipated rate cut in August, it is not surprising that the Halifax figures rose. Mortgage approvals suggest we should soon get better news on house-price inflation.
consistent dependent equity growth home house price rebound rise shows spending top
The rise in equity withdrawal is consistent with the rebound in house price inflation. It shows spending growth is increasingly dependent on equity extraction on top of take home pay.
blow body clinging hope interest lower
This was another body blow for those still clinging on to the hope of lower interest rates.
among believe bring closed concerns control door further harder hawks inflation rising
We believe that with inflation rising rapidly, and concerns among the hawks that it will be harder to bring under control ... the door has been closed to further cuts.
barometer low rising starting tourism
Tourism is a barometer of normalcy, and tourism is doing exceptionally well. Of course, we are starting from a low base, but we are a rising star in Europe.
almost decent mortgage numbers peak persist saw seen strongly
The decent numbers we have seen will persist because mortgage approvals have rebounded so strongly and they are almost at the peak we saw in 2004.