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11th Nov 2024 10:18UKDaily Monitor

  • US tariffs of 10% on imports would have a trivial direct impact on UK GDP.
  • But the UK would be highly exposed to global trade disruption after likely retaliation against US tariffs.
  • Tariffs would be stagflationary for the UK, causing the MPC to cut interest rates more slowly.

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Keywords for: 12 November 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence