All articles by Noble Francis – Page 5

  • Comment

    Output figures signal more bad news


    The ONS released preliminary estimates of GDP for the first quarter of 2009 and it wasn't pretty. Estimates from macroeconomic forecasters had suggested that GDP would fall 1.5%-1.6% in Q1 compared to the previous quarter. In fact, it was 1.9%. Within the GDP fall in the first quarter, construction fell ...

  • News

    No time for optimism, Mr Darling


    Beware unrealistic growth forecasts

  • Comment

    Budget 2009: initial thoughts


    Budget day as ever was interesting and obviously, the devil is in the detail, especially when it is bad news. However, the Chancellor's speech and the Budget document provide us with some initial thoughts.The macro figures are as bad as expected and potentially worse; £175bn public borrowing in 2009/10 and ...