The rebound so far this year is unconvincing and that has to place a question mark against the Bank of England's optimism for a recovery in consumption this year.
More Quotes from Philip Shaw:
Although it is clear the Bank is planning to keep rates on hold for now, our view is the MPC is still too optimistic on growth.Philip Shaw
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.
Philip Shaw
Overall, it would take some very weak data to trigger another cut. While this is not impossible, especially if consumption trends are weak, the balance of risks has turned and we now believe that base rates will remain on hold at 4.5 per cent for the rest of the year.
Philip Shaw
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.
Philip Shaw
The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
Philip Shaw
such a modest increase in unemployment is unlikely to have any impact on consumer confidence or affect consumer spending.
Philip Shaw
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Based on Keywords: unconvincingNeither a life of anarchy nor one beneath a despot should you praise; to all that lies in the middle a god has given excellence.
Aeschylus
But staying awake is not real exciting for people to watch.
Randy Gardner
We are hopeful about the opportunities ahead, and stand ready to join this President in an open and honest dialogue about improving the state of our union for all Americans not the select few.
Jim Clyburn