Economics & Growth | Politics & Geopolitics | UK
• Recent good news on the economy with a post-election bounce in sentiment. PMIs improved while consumer spending (housing, car sales) picked up. But it’s not yet clear this will translate to faster real activity on the ground.
• Javid targeting a return of long-term sustainable growth back to the 2.7-2.8% pre-crisis average. His focus on skills and infrastructure will only pay off long term, however, leaving any near-term acceleration in growth unlikely. Javid’s March 11 budget is important in determining any near-term fiscal boost.
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