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4th Feb 2025 10:05UKDaily Monitor

  • Surging uncertainty and payroll taxes are keeping the economy close to stagnation, according to the PMI.
  • But the PMI also signals underlying services inflation accelerating back above 5%.
  • The MPC will cut Bank Rate today but will give cautious guidance as it balances growth and inflation.

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Keywords for: 6 February 2025 UK Monitor

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