Although starting 2006 with little ambition for the UK economy, a stronger-than-expected return to f...
Although starting 2006 with little ambition for the UK economy, a stronger-than-expected return to form has led one UK economist to review his position. Andrew Wilson, group economist at Royal Bank of Scotland, says: "Spring brought a surprisingly positive batch of survey data that pushed up interest rate expectations in financial markets. The Purchasing Managers Index (PMI) also revealed strong activity in April for both the UK and Eurozone, while UK manufactures reported an intention to increase their labour force to meet increasing demand for the first time in over a year. "UK factori...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes