The big picture is essentially unaltered. It's a solid start to 2006 for the UK service sector.
More Quotes from Ross Walker:
It's not particularly substantial. Especially if you look at it from the point of view of the more than 450 billion pounds of government spending every year.Ross Walker
Evidence of stronger consumer demand over Christmas probably means the hawks can hold the line in February, but the risks for base rates remain skewed to the downside.
Ross Walker
This heightens the risk that we could get a rate cut in November. It's a concern that U.K. industry isn't able to do better and tap into global demand.
Ross Walker
Of the Group of Seven economies the UK is in the best shape but there is a risk to the downside, ... There's not much data post September 11. A quarter point cut as a precautionary measure will not be too much of a risk.
Ross Walker
When you've got inflation rising above the bank's target it reinforces the view that we don't need more rate cuts this year.
Ross Walker
Manufacturing is showing a few signs of improvement. It isn't acting as a drag on overall growth, making it easier for the Bank to leave rates on hold for now.
Ross Walker
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