Mr Brown expects the pressure on the public finances to diminish this financial year and has pencilled in PSNCR
of pounds 34.
Economists also warned against reading too much into the surprisingly positive PSNCR
Interims: BHP Billiton, Diageo Finals: Hanson, Millennium & Copthorne Hotels, Morgan Sindall, Reed Elsevier, Royal Bank of Scotland Economics: UK January M4/M4 lending (prov), UK January capital issuance, UK January BBA net lending data, CML January mortgage lending data, UK January retail sales, UK January PSNCR
4 Unemploy- PSNCR
Consumer ment rate m [pounds sterling] (c) price % index Sept.
is worse than expected, but in broad terms it is the same old story of Government spending and anaemic tax receipts,' said Philip Shaw, chief economist at Investec bank in London.
Economics: BoJ policy board meeting, policy announcement, Japan March revised leading index, RICS Residental Housing Survey, Duisenberg attends European Parliament economic and monetary affairs committee, Dutch central bank annual report news conference, ECB main refi result, UK BSA monthly lending data, UK CML April mortgage lending survey, UK prov M4/M4 lending, UK BBA analysis of lending, UK April consumer prices, UK April PSNCR
, US Treasury auction of four-week T-bills, API weekly oil data.
Economics: BoE MPC meeting minutes, UK PSNCR
, UK labour market report, UK prov M4/M4 lending, UK BSA monthly lending survey.
And the expectation is of a PSNCR
surplus of pounds 14.
Economics: BoJ monthly financial report, Japan April trade balance, UK BBA analysis of bank lending, UK prov M4, M4 lending for April, UK BSA building society lending for April, UK CML mortgage lending survey for April, UK April PSNCR
, UK April non-EU trade, March world trade, ECB refi announcement, US Treasury auction of short-term T-bills.