UK prelim Q4 #GDP +0.5%, in line with lowest predictions in Reuters poll. Credit Suisse, Deka, Experian and Roubini spot-on
LONDON, Jan 23 (Reuters) – British retail sales unexpectedly
rose in December as shoppers flocked to supermarkets and bought
more fuel as oil prices fell, providing a boost for the
country’s economic recovery that has shown signs of softening.
Economists had expected sales to be weaker after a
U.S.-style Black Friday sales bonanza sent shoppers scurrying
for bargains in November.
EZ business activity expanded in Jan. Markit flash composite PMI at 52.2; slightly up from 51.4 in Dec and above Reuters poll median of 51.8
Snap poll: 24 of 45 economists said QE would not succeed in raising inflation to target 30 said it will likely be extended beyond Sept 2016
LONDON/STIRLING (Reuters) – The British government will publish a draft law on Thursday underpinning the biggest transfer of powers to Scotland in over a decade, keeping a promise it gave to Scots to encourage them to reject independence last year.
The law, to be enacted after a May 7 general election, will further dismantle Britain’s highly centralised system of government, a move critics fear could trigger the beginning of the end of the United Kingdom.