We're disappointed that our proposal didn't go through, but we're ecstatic in the fact that they did choose rail because it brings rail back to Cape Breton.

We believe that with inflation rising rapidly, and concerns among the hawks that it will be harder to bring under control ... the door has been closed to further cuts.

Services performance was encouraging especially given the glimmers of hope on the domestic demand side.

The rise in output prices confirms signs... that firms are clawing back some pricing power.

As ever, the input price data is an energy story, and the fall in the sterling price of oil in the last month is coming through a little quicker than thought,

Overall, this reinforces signs that we have seen the worst news on UK activity.