David MillikenVerified account

@david_milliken

Reuters economics reporter covering the Bank of England, HM Treasury, bond markets and housing. Previously in Frankfurt and Brussels. RTs ≠ endorsements etc.

London, mostly
uk.reuters.com
Joined April 2008
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  1. 15 minutes ago

    UK economy sags under weight of snow in March, and Q1 GDP growth set to slow to less than 0.3% - IHS Markit

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  2. 1 hour ago

    UK car sales slump by around 16 percent in March, normally biggest selling month of year

    2 replies 12 retweets 8 likes
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  3. Retweeted
    Apr 3

    March caps off weakest quarter for UK manufacturing in a year, but still looking pretty good in historical terms. IHS Markit/CIPS PMI at 55.1 in March vs Reuters poll consensus: 54.7

    1 reply 4 retweets 1 like
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  4. Mar 22

    Bank of England splits on rates, paving way for May rise

    1 reply 1 retweet
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  5. Retweeted
    Mar 22

    UK retail sales recovered in February, but only matched their Q4 average. Crucially, data collected between Jan 28 and Feb 24, BEFORE the snow hit from Feb 27. March data will be awful & retail sales will fall q/q%in Q1, dragging on GDP growth.

    1 reply 9 retweets 6 likes
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  6. Mar 22

    Did Britons give up on New Year diets last month? Supermarkets and online shopping spur February spike in UK retail sales (though high street remains tough)

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  7. Mar 22

    Bank of England expected to keep rates on hold, clear path for May rate rise

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  8. Mar 21

    UK pay growth appears to be picking up, and may soon reach 3%. But it shows little sign of returning to the rates seen in the decade before the financial crisis.

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  9. Retweeted
    Mar 21

    UK factory orders growth weakens more than expected in March but still remains above average, according to latest survey. Quite an eye-catching pick-up in stocks - historically a poor omen if sustained, but may well be just a blip.

    1 reply 4 retweets 1 like
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  10. Mar 20

    Weirdly, a big chunk of the fall was caused by lower ferry prices (but not airfares). said this was due to last year’s ferry price collection date coming over Valentine’s. Not sure I’d have picked the North Sea in February as ideal for romance!

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  11. Mar 20

    UK inflation slows to 7-month low of 2.7% in February as Brexit hit to pound fades

    1 reply 1 retweet
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  12. Mar 14

    "The reality of the economic and fiscal challenges facing us ought to be at the very top of the news agenda" - IFS director Paul Johnson

    Institute for Fiscal Studies' attacks "spin and bluster" of politicians pretending all in the UK economy will be well
    1 retweet 1 like
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  13. Mar 13

    In Stheeman's words: "Linkers are very cost-effective, but they also – if we continue to issue them at the same pace as previously – potentially pose some fiscal risks." (UK is biggest issue of linkers, proportionately of any G7 sovereign)

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  14. Mar 13

    Robert Stheeman, chief executive of the UK Debt Management Office, told me the reduced linker issuance reflected growing concerns that the currently-cheap finance could leave taxpayers on the hook for a big bill in future

    1 reply 1 retweet
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  15. Mar 13

    And in frankly niche news, a bad day for fans of inflation-linked government bonds: not only will total gilt issuance be the lowest since 2007/08 this coming year, but the share of linkers will be the smallest since 2010/11 (h/t )

    1 reply
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  16. Mar 13

    "That’s the OBR’s forecast, Mr Speaker, but forecasts are there to be beaten” - Philip Hammond vows to do better after official forecasters predict years of slow growth

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  17. Mar 13

    Philip Hammond insists he's Tigger, not Eeyore...

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  18. Mar 13

    And as technology marches on, Chromecast and Apple TV boxes replace digital video recorders and Freeview boxes, while 'sit and ride toys' replace the traditional tricycle....

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  19. Mar 13

    No more porkie pies from as new UK inflation basket announced (pork pies get subsumed into tasty 'meat-based snacks', while quiche, yoga pants and children's soft play sessions replace 'lager in a nightclub')

    1 reply 1 retweet 2 likes
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  20. Mar 13

    Hammond to give brighter outlook for UK public finances in first slimmed-down (though hopes for an ‘end to austerity’ may prove premature)

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