What's in issue twenty four: The UK's fiscal drag problem 

Issue twenty four of ‘INTEREST’ includes:

• Interest News - Jobs market tightens as manufacturing and service output volumes fall in May.
• Interest Point of View - Personal View, by John Woods.
• Points of Interest - The UK's fiscal drag problem, by Alastair Morley.
• Public spending: Debt interest rises rapidly, by Adrian Coles, OBE.
• Longlasting impact, by Trevor Williams.
• MPC Minutes.
• Points of Interest - OECD headline inflation rises to 4.0% in March 2026 as energy prices surge.
• Evidence that the Moneyfacts Average Mortgage Rates are an accurate indicator to how interest rates behave across mortgage markets, by Darren Cook.
• Evidence that the Moneyfacts Rule of Thumb is the accurate guide to how interest rates should behave across UK financial markets, by Niru Sandhu.
• Points of Interest - IMF upgrades UK growth forecast but uncertainty remains
• Interest: is history repeating itself?
• A Rough Guide for Rate Setters.
• Moneyfacts Rules of Thumb and Charts.

Issue twenty five published Friday 17 July 2026

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