Thursday 25th August 2022
Ukraine has just celebrated Independence Day and it’s becoming clearer how much the UK and Europe is paying the price. NAB’s Gavin Friend paints a pessimistic picture about the outlook for that part of the world, as gas prices push ever higher. He says the Fed can raise rates to moderate demand in the US, but in Europe rate hikes will do nothing to mitigate rapidly rising energy prices. Joe Stiglitz has been saying overnight that interest rate hikes will do other than, he reckons, make inflation worse. Yet UK two-year yields shot higher overnight on expectations that the Bank of England will push ahead with a faster path of rate increases.
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Carry on furloughing
Today John Ashcroft joins me to go through yesterday’s budget – the good, the bad and the ugly. The good is the continuance of furlough, but how long before poorer households realise their taxes are going up?
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Websites by Numbers
Who really pays for the collapse of Archegos Capital? Plus, is your web presence doing the best it can? Today @dickendoe from @Foolproof_UX talks about how data can drive improvements by understanding your customer better.
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Stagflation consternation as OPEC sticks to the plan
Oil price rises have more talk about stagflation. NAB’s Ray Attrill says inflation is a real concern, but will it impact spending when many consumers have savings squirrelled away?
