- Annual net migration to the UK likely to have at least doubled pre-Brexit levels, reaching a new record.
- Record largely due to government policy choices, including liberalisation of visa regime for skilled workers.
- Post-Covid surge in international students and refugees from Ukraine and Hong Kong also contributed.
- Advocates of much lower migration accuse government of using asylum system and Channel crossings to divert attention.
- Experts believe policy changes under discussion would be relatively minor and would not resolve record backlogs in asylum system.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec