Samuel Tombs
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| Alma mater | University of Oxford |
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| ID | 1342963 |
About Samuel Tombs
Samuel Tombs is an award-winning British economist. He is the Chief U. K. Economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with an office in White Plains, . . .
UK economy grew faster than estimated since Covid
... " Samuel Tombs, chief UK economist at Pantheon Macroeconomics, noted that when it came to international comparisons, " a stable picture might take some time to emerge, given that statistical authorities in other countries are revising their data too"...
Food prices remain worryingly high, says Chancellor Jeremy Hunt
... Samuel Tombs of Pantheon Macroeconomics predicts that another interest rate rise is " now is firmly on the table" when the Bank of England meets on 22 June, potentially lifting borrowing costs from 4...
Mortgage lenders halt some deals after pound falls
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said if interest rates rise as predicted, the average household refinancing a two-year fixed rate mortgage in the first half of next year would see monthly payments jump to £1,490 from £863...
Plan B: How will the changes affect the economy?
... " It seems that consumers confidence has been knocked back by news of the new variant, " wrote Pantheon s chief economist Samuel Tombs in the research note...
Nationwide: UK house prices continue surge, up 10% in November
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, suggested linked mortgage rates could also head upwards as a result...
The decline in inflation increased the prospects of interest rate cut
... On Sunday, MPC member Gertjan Vlieghe told the Financial Times, depending on how the economy has already taken off since the December election the members of the MPC could make the current inflation figure with a pinch of salt, said Samuel Tombs, chief UK economist at Pantheon macroeconomics...
UK house price growth low for a year, says Nationwide
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: November s month-to-month gain in Nationwide s index was the biggest since July 2018, indicating that support from the recent fall in mortgage rates is starting to kick in...
Inflation falls to three year low as energy prices fall
... But Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said the inflation measure should rise back to 2% in the second half of 2020 so he doubted that rates would be cut soon...
UK economy grew faster than estimated since Covid
The UK's economy has grown faster since the start of the Covid pandemic than initially thought, new figures show.
Revised data indicates that the UK has seen faster Growth than France Or Germany since The End of 2019.
The Growth figures had been expected to be upgraded, after The Office for National Statistics (ONS) published new estimates earlier this month of how the economy had performed since Covid.
However, analysts said the UK was still suffering from lacklustre Growth .
indicated that the UK's economy has grown by 1. 8% since the pandemic started, whereas the previous estimate was a 0. 2% contraction.
They also showed that the economy grew by 0. 3% in The First three months of this year, up from the 0. 1% previously estimated.
The estimate for the April-to-June quarter was unchanged at 0. 2%.
Following the latest set of revisions, ONS chief economist Grant Fitzner said the UK's Growth rate was " almost unrevised over The Last 18 months".
The size of an economy is measured by Gross Domestic Product, or GDP, which tries to cover all The Activity of companies, governments and individuals in a country.
The ONS revises GDP figures over time as it receives more information about how the economy performed.
Earlier this month, the ONS had said that " richer data" from its annual survey meant that it now than previously estimated in The Final three months of 2021 compared to pre-pandemic levels.
The latest set of figures, means the UK's Growth since the pandemic exceeds that of 1. 7% in France and 0. 2% in Germany.
Responding to the new data, Chancellor Jeremy Hunt said: " We know that The British economy recovered faster from the pandemic than anyone previously thought and data out today Once Again proves the doubters wrong.
" We were among the fastest countries in the G7 to recover from the pandemic and since 2020 we have grown faster than France and Germany. "
However, Ruth Gregory , deputy chief UK economist at Capital Economics, said the latest ONS release " changes very little".
" The data leaves the economy still only 0. 6% above its level a year ago, " She Said .
" It does not change the big picture that the economy has lagged behind all other G7 countries aside from Germany and France since the pandemic. And that's before the full drag from higher interest rates has been felt. "
Samuel Tombs , chief UK economist at Pantheon Macroeconomics, noted that when it came to international comparisons, " a stable picture might take some time to emerge, given that statistical authorities in other countries are revising their data too".
The Most recent GDP figures showed that, due to a combination of strike action and the impact of wet weather, and there have been concerns over the economy's weak performance in recent months.
However, Mr Tombs said he thought that the UK would avoid a recession in the Second Half of this year, helped by the recent slowdown in the rate of consumer price rises.
Related TopicsSource of news: bbc.com
