26 Quotes by Jonathan Loynes

Job creation is concentrated in the service sector, ... High-growth areas such as financial services and information technology require skilled workers.

I think in the near term there will be more upward pressure,

Italy is going to remain at the back of the performance tables. We should see a pick-up in growth this year, but it is coming off a very low base. It is a cyclical recovery rather than any kind of real structural improvement.

January's UK retail sales figures confirm the evidence from the surveys that the pick-up in spending growth over Christmas was short-lived.

Retailers are playing a cat and mouse game, ... they try to build their margins back up, but then have to reverse price increases.

Looking ahead, rising gas and electricity bills could keep inflation close to current levels for the next few months. But we expect further falls in core inflation and fading energy effects to push the headline rate well below target in the second half of the year.

We are not wholly convinced that this is the start of a period of stronger and more healthily balanced economic growth, however.

We remain comfortable with our view that interest rates will fall further this year as output remains below trend and inflation falls back below its target.

We still expect that the consumer slowdown will prompt more interest rate cuts,