Can’t wait for this.

This morning's PMIs suggest growth has strengthened further in the second quarter and is now around post-financial-crisis norms. This, along with signs of further wage pressures emerging from NLW, is not supportive of near-term rate cuts from Bank of England. (h/t Simon Pittaway)

Very clear thread here from Cara Pacitti on this morning's public-finance data. Key takeaway: is not looking good for an extra 'fiscal event' ahead of an election (thankfully...).

A new ebook is out today on the Bernanke Review of the Bank of England's forecast process, complete with a contribution from little old me (and some other people you may recognise...). Central banking nerdvana. Enjoy... kcl.ac.uk/news/a-new-e-b…

New Resolution Foundation report on how to transform the power sector by Jonny Marshall and Emily Fry out this morning. Key takeaway: we can’t just rely on energy prices tanking to make this transition work, we need to think about how we fund investment in a high-price world.

🚨Last year was the hottest on record. Britain urgently needs to decarbonise our infrastructure. But how can we both reach net zero and support low-to-middle income households? 1/x

Here ⁦Resolution Foundation⁩ we are talking about how to transform the power system fairly. Great panel with ⁦Emma Pinchbeck⁩, Neil Kenward (⁦Ofgem⁩) and our very own ⁦Jonny Marshall⁩ and ⁦Torsten Bell⁩.

New Office for National Statistics (ONS) inflation data out this morning, falling slightly less than expected to 3.2% in March, down from 3.4% in February. Falls are set to continue with a much larger fall in the next set of data taking us back to the inflation target. Short thread to follow: