This week, the OBR warned that without policy change, the UK could be set for a steep rise in public sector debt. And this is after one of the fastest rises in public debt amongst developed economies. A rise in debt to 200% of GDP would not be unprecedented, global wars have caused previous spikes,…
Prior was +98K (revised to 95K) Details: Goods -3K versus +2K last month Services +47K versus +96K last month Small business K vs +53K prior Medium businesses K vs +29K last month Large businesses K vs +25K last month Wages: Wages for job stayers 4.4% vs 4.4% last month Wages for job changers 7.0% vs…
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Minutes Item 1. Introduction & Minutes of last meeting The Co-Chair welcomed members of the Committee to this hybrid meeting (the first of 2026) and noted that the minutes of the last UK Money Market Code Sub-Committee (Code Sub-Committee) meeting (held on 3 December 2025) are on the Bank’s website. The Co-Chair also noted that…