BoE's Mann says not much trade diversion from China to the UK; Import prices are a positive contribution to UK CPI
The comments from BoE's Mann indicate that while there isn't significant trade diversion from China to the UK, import prices are contributing positively to UK CPI.
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US CBO estimates January budget deficit at USD 94bln (prev. USD 143bln)
BoE's Mann says not much trade diversion from China to the UK; Import prices are a positive contribution to UK CPI
UK PM Starmer tells Labour MPs that he is "not prepared to walk away" from power or "plunge us into chaos" as previous prime ministers have done, according to Guardian's Crerar
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- Worries about sluggishness in both spending and productivity.
This suggests that inflationary pressures might persist despite concerns about weaker spending and productivity, which could complicate the BoE's policy stance going forward as they balance inflation control with economic growth.
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