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16th Dec 2024 18:23UKDaily Monitor

  • The December PMI shows firms cutting hiring and raising prices in the wake of tax hikes and tariff threats.
  • Manufacturing growth has been hit hard by tariff worries; services are rebounding as uncertainty falls.
  • The re-emerging output-inflation trade-off will keep the MPC cutting interest rates only gradually.

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Keywords for: 17 December 2024 UK Monitor Falling output and rising inflation will keep the MPC cautious

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