Philip Shaw
Philip Shaw
corporate fears including increase neutral personal taxation virtually
As a result, fears over a significant near-term increase in personal or corporate taxation have virtually disappeared. Most expectations, including our own are for a broadly neutral stance.
forecasts gordon
In reality, Gordon Brown's forecasts will have to be slashed to around 1.75 percent,
agile changing children minds rapidly
Children with the most agile minds have the most rapidly changing cortex.
birth born brain certain children environment genes influence inherit intelligence interact less likely might trajectory
Children might inherit certain genes that incline them to interact with their environment in very 'stimulating' ways. This stimulation could then influence brain development. . . . What is less likely is the idea that we are born with a certain set of genes which 'fix' at birth our intelligence and the trajectory of our brain development.
above cut economy grow interest rates reluctant signs
If there are any signs that the economy will grow at or above trend, then the MPC will be even more reluctant to cut interest rates again.
boost general given next price retailers share statement
The Next statement has given a boost to general retailers and the Next share price in particular.
brought month move next rates soon surprised whether
The next move in rates will be a cut. There is some uncertainty over whether rates will be brought down as soon as next month but we would not be at all surprised if it happens.
confidence consumer data followed later looking states toward
Everybody's looking toward consumer confidence in the States tomorrow, followed by other data later in the week.
agile almost minds
It's almost like the most agile minds have the most agile cortex.
christmas drawing early full high picture street time trading year
It's very early to be drawing too many conclusions on the high street after the Christmas and New Year trading period. It's going to take some time for the full picture to unfold.
agile happening might minds people tend
That might be happening more efficiently in the most intelligent children. People with very agile minds tend to have a very agile cortex.
account current deficit due earnings greater overseas
The current account deficit was very disappointing. What we hadn't factored in was the greater outflow due to overseas earnings in the UK.
call clearly expected figures interest july near pressures question raise rates whether
The figures are significantly better than expected and may call into question whether the MPC will raise interest rates at its July meeting. Clearly there are no inflationary pressures in the near term.
although core expected figures improvement petrol prices rate
The figures are better than expected and although petrol prices have come down, there is an improvement in core rate of inflation.