Bank of England stumbles and sterling falls. The tax boom is getting boomier.

The bank of England all but promised an interest rate rise this week but then failed to deliver. What is going on?US jobs are growing again but US interest rates are not. For how long? Stock markets love the mix of decent growth and a docile central bank.Latest data suggest no let up in surging Irish tax revenues. November will be the big corporation tax month. Ireland and UK covid rates have recently crossed. But there is better news from big pharma: anti-virals are almost as big as the news about vaccines we got last year. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.