The Bank of England's inflation report is out at noon on Tuesday.
In its February report, the Bank of England said it expected growth this year to be the slowest since 2009.While the UK isn't on the critical list, the Bank was expecting the slowest rate of growth in 2019 since the financial crisis - not least because of Brexit-related uncertainty and slower demand for exports from the likes of China and Germany.
While the list of retail casualties on the High Street grows, some are clearly doing well: consumer spending has defied expectations. While the prolonged"fog" may continue to suppress investment, the Bank's own research suggests businesses are better prepared for a no-deal, limiting the potential economic fallout from that eventuality.Like many, the Bank has been surprised by the strength of the jobs market in recent years. Wages are outpacing inflation again - and higher wages mean greater spending power and could ultimately mean the cost of living rises faster.
it's good news week..
Who listens to the Bank of England? They are pawns. Check out the Russians stock-piling gold and building their strength.
I hope not. mortgage