Simon Kirby - Financial Services

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Last quote by Simon Kirby

That implies that the Government, if whoever forms the next Government does not change the fiscal rule, will need to tighten fiscal policy over that parliament by an additional £3.5bn, or 0.2pc of GDP. That doesn't sound much, but it is on top of the in excess of 10pc of GDP fiscal consolidation that has been in operation since the start of 2010. We effectively see two options - the Government tightens fiscal policy to hit this objective, or we get yet another fiscal rule. So that would effectively be four fiscal rules in four years.feedback
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May 14 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Simon Kirby is associated, including UK, EU, and consumer. Most recently, Simon Kirby has been quoted saying: “GDP growth over the next couple of years will be subdued, growing at less than the economy's long-run potential rate of 2% per annum, but households will feel the pinch from rising consumer price inflation. The rate of inflation is expected to rise from 2.3% per annum in March to almost 3.5% by the end of 2017. By 2018 we expect consumer spending growth to have effectively stalled. Despite the strong performance of the labour market, real wages growth remains subdued, perhaps indicating some slack remains.” in the article UK will face pay squeeze this year as inflation spikes, warns thinktank.
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Simon Kirby quotes

Nov 03 2016

This will pass through into consumer prices over the coming months and quarters.feedback

Oct 24 2016

Some of those passports are redundant or unused. Actually getting to a situation where you can assess the impact is not quite as straightforward as you think.feedback

Oct 19 2016

It's an element of the negotiations. Is it the most important element? Probably not, but it is a significant consideration.feedback

Oct 19 2016

Pursuing this policy in these circumstances would put consumers at risk – this is something that I am not prepared to do.feedback

Oct 11 2016

Can the UK still be one of the best financial centers anywhere in the world, even if we're outside the EU? Well, let me say this is an absolute priority for this government.feedback

Aug 02 2016

There is an evens chance of a technical recession in the next 18 months, while there is an elevated risk of further deterioration in the near term. There are serious risks to the near term and it would not be a shock if we were to see growth rates come out even more subdued.feedback

Aug 02 2016

I don't think any of us are talking about a recession on the scale of that (U.K. downturn in 2008-09 after the global financial crisis).feedback

Aug 02 2016

Uncertainty will persist over the next couple of quarters rather than decay … The decline in business investment is expected to continue into the second half of the year and into 2017.feedback

Aug 02 2016

We are expecting a marked slowdown in the U.K. economy.feedback

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