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Andrew Verity
BBC economics correspondent. Should mean I'm corresponding with everyone. If you know something others should know, get in touch. Views mine: facts, everyone's.
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Andrew Verity Jul 22
The nastiest figures since the Brexit vote. Similar first alerted us to full severity of the 2009 recession:
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Folorunso Jul 22
I've always thought PMI is the most straightforward metric for economic performance. Not politicised. Not arbitrary.
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Andrew Verity Jul 22
Of course. But executives are asked mostly not for a subjective view but whether orders are up, down or unchanged
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Andrew Verity Jul 22
The purchasing managers' index isn't, as Chancellor has said, just about 'sentiment'. It's executives reporting orders, output
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Andrew Verity Jul 22
"July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since early 2009" -
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Andrew Verity Jul 22
Other data relatively benign but this "flash pmi" - the purchasing managers' index is regarded as a lead indicator:
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Andrew Verity Jul 22
UK economy contracts at steepest pace since early-2009. Purchasing managers index - which tracks orders - is at a 7-year low
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rook429 Jul 21
A former world chess champion player opposed to Putin and Trump.
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Tom London Jul 21
"The hottest places in Hell are reserved for those who in a period of moral crisis maintain their neutrality" JFK after some lines of Dante
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John Ralfe Jul 21
Don't forget, Andy, this excludes over £1.2trn of public sector pension liabilities
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Andrew Verity Jul 21
Departmental spending was DOWN but overall central govt spending was UP - partly because of higher spending on state pensions.
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Andrew Verity Jul 21
In the 3 months April-June, all tax receipts were UP compared to the previous year. Stamp duty up 15%. National insurance up 8.6% (ONS)
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Andrew Verity Jul 21
While borrowing may be falling more than expected, it's not falling fast enough to meet the OBR Budget forecast
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Andrew Verity Jul 21
Public sector net debt in June 2016 was up £48bn to £1,620.7 billion, or 84.0% of the value of the economy (ONS)
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Andrew Verity Jul 21
Public borrowing in June dropped to £7.8bn from £10bn for the same month last year, a much bigger than expected drop (ONS)
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Andrew Verity Jul 21
The amount spent in the retail industry In June decreased by 0.9% compared with May, and increased by 1.5% compared with June 2015.(ONS)
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Richard Berridge Jul 21
UK commercial property investment falls 45% in second quarter via
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Andrew Verity Jul 20
HSBC's global head of currency trading arrested, says Bloomberg:
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Andrew Verity Jul 20
see my last tweet
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Andrew Verity Jul 20
The minimum wage only lifted wages in retailing, hotels and restaurants by 2.6% (Mar-May). Construction pay up 7.3%
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