Last quote by Elizabeth Martins
We could already be in negative real income growth territory. Against this backdrop, we stay cautious on the UK consumer story.
Mar 23 2017
Elizabeth Martins has been quoted 13 times. The two most recent articles where Elizabeth Martins has been quoted are British retail sales suffer biggest squeeze in nearly 7 years as inflation bites and Bank of England to keep rates on hold until 2019 at least: Reuters Poll. Most recently, Elizabeth Martins was quoted as having said, “We could already be in negative real income growth territory. Against this backdrop, we stay cautious on the UK consumer story.”.
Quotes by Elizabeth Martins
Jan 23 2017
With Brexit-related uncertainty, slower growth and weaker consumption in prospect, we think rates stay on hold.
Jan 06 2017
To some degree, I believe this too. We have seen pretty strong economic data of late, for example upwardly revised GDP (gross domestic product) and 17-month highs for the services sector, so you probably would expect that to support sterling but it has had a pretty weak impact. Pound sterling is a good bellwether for Brexit and that's because it is more of a straight indicator that reflects sentiment.
Dec 14 2016
The slowdown in real wages has already begun.
Dec 05 2016
Elevated price pressures and drop in expectations suggest that a slowdown remains on the cards for next year. Inflation is likely to outpace wage growth over the coming year or so, bearing down on domestic demand and causing growth to slow.
Oct 25 2016
We expect the Bank of England to revise up both growth and inflation in this set of forecasts, undermining the case for further easing.
Oct 25 2016
Given Mark Carney's repeated assurance that he does not want to see UK rates follow other central banks into negative territory, the cut to 'just above the lower bound' (range) represents the last drop of fuel in the tank, at least for interest rates.
Oct 18 2016
With wage growth more or less steady, the rise in inflation over the last year has already taken about a percentage point off real income growth.
Jul 27 2016
It's a bad start. If you are looking for a relatively resilient consumer as we are then it's not particularly encouraging.
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