Last quote by Samuel Tombs
Samuel Tombs quotes
Easing likely will be modest, due to the much higher outlook for inflation following sterling's precipitous decline.
This will be an act of economic self-harm with global ramifications.
Lending standards are slowly loosening … encouraging borrowers to take on even bigger loans. The stronger growth in credit is one thing that is going to be concerning the MPC … Banks are taking increasing risks now with their lending.
We would see a very soft patch for the U.K. economy. [A Brexit] could push it into a recession for a short period. … If we were to go down that [Brexit] path there would be very sharp falls in business investment and outflows that would be quite painful.
I think they won't cut rates – they would be more likely to provide the banks with more liquidity if they need it, just to prevent any banks from toppling over. Beyond that I don't think we would see any actual stimulus.
I don't think we are in bubble territory yet, but I think if the Bank of England keeps rates on hold … financial stability risks are going to grow.
The chances that investment or exports rebound and offset the consumer slowdown remain slim, given the recent Brexit-related declines in business confidence and the continued uncompetitiveness of UK exports in European markets.
The recovery in spending will lose some momentum as job growth fades from recent stellar rates, inflation strengthens and the fiscal squeeze intensifies.
Delving below the surface reveals a less impressive picture.