Economics lookahead, w/c 2 April

Featuring statistics, and lots of them.

Monday

  • The Chartered Institute of Purchasing & Supply, in conjunction with Markit, releases the Manufacturing PMI (Purchasing Managers Index), a monthly survey of the manufacturing sector. The index is a reliable predictor of growth or shrinkage in its sector.
  • CBI & PwC releases its quarterly financial services survey, a pretty thorough overview of the state of the financial services sector...
  • ... and Deloitte releases its nationwide survey of chief financial officers of major UK companies. Together, these two reports form a strong overview of the views of the major customers and providers in the financial sector.

Tuesday

  • British Chambers of Commerce releases its quarterly economic survey, which covers businesses across the UK.
  • Demos are hosting a talk by Gareth Thomas MP (Labour, Harrow West) on 'Social Finance and Early Action'.

Wednesday

  • The Bank of England Monetary Policy Committee (MPC) is meeting, and will announce whether or not it will raise interest rates from 0.5 per cent on Thursday. Spoiler warning: It probably won't. Also covered will be the size of the quantitative easing programme, which currently stands at £325bn.
  • The European Central Bank will also decide whether to raise the Eurozone's interest rate from 1 per cent, and will annouce its decision at 3:30 UK time.
  • Finally, the British Retail Consortium releases its monthly shop price index, an alternate measure of inflation.

Thursday

  • The Bank of England announces its decision (see above).
  • National Institute of Economic & Social Research (NIESR) releases its monthly GDP estimates at 3:00pm, likely to include an updated version of this chart.
  • The Office of National Statistics will release the monthly industrial production statistics.
  • Halifax releases its house price index.

Friday

  • The American employment report is released.
  • It's Good Friday. Go home.
US employment report is released on Friday. Credit: Getty

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Why do the words “soup, swoop, loop de loop” come to mind every time I lift a spoon to my lips?

It’s all thanks to Barry and Anita.

A while ago I was lending a friend the keys to our house. We keep spare keys in a ceramic pot I was given years ago by someone who made it while on an art-school pottery course. “That’s er . . . quite challenging,” the friend said of the pot.

“Is it?” I replied. “I’d stopped noticing how ugly it is.”

“Then it’s a grunty,” she said.

“A what?” I asked.

“A grunty. It’s something you have in your house that’s hideous and useless but you’ve stopped noticing it completely, so it’s effectively invisible.”

I was much taken with this idea and realised that as well as “grunties” there are also “gruntyisms”: things you say or do, though the reason why you say or do them has long since been forgotten. For example, every time we drink soup my wife and I say the same thing, uttered in a strange monotone: we say, “Soup, swoop, loop de loop.” How we came to say “soup, swoop, loop de loop” came about like this.

For a married couple, the years between your mid-thirties and your late forties might be seen as the decade of the bad dinner party. You’re no longer looking for a partner, so the hormonal urge to visit crowded bars has receded, but you are still full of energy so you don’t want to stay in at night, either. Instead, you go to dinner parties attended by other couples you don’t necessarily like that much.

One such couple were called Barry and Anita. Every time we ate at their house Barry would make soup, and when serving it he would invariably say, “There we are: soup, swoop, loop de loop.” After the dinner party, as soon as we were in the minicab going home, me and Linda would start drunkenly talking about what an arse Barry was, saying to each other, in a high-pitched, mocking imitation of his voice: “Please do have some more of this delicious soup, swoop, loop de loop.” Then we’d collapse against each other laughing, convincing the Algerian or Bengali taxi driver once again of the impenetrability and corruption of Western society.

Pretty soon whenever we had soup at home, Linda and I would say to each other, “Soup, swoop, loop de loop,” at first still ridiculing Barry, but eventually we forgot why we were saying it and it became part of the private language every couple develop, employed long after we’d gratefully ceased having soupy dinners with Barry and Anita.

In the early Nineties we had an exchange student staying with us for a year, a Maori girl from the Cook Islands in the southern Pacific. When she returned home she took the expression “soup, swoop, loop de loop” with her and spread it among her extended family, until finally the phrase appeared in an anthropological dissertation: “ ‘Soup swoop, loop de loop.’ Shamanistic Incantations in Rarotongan Food Preparation Rituals” – University of Topeka, 2001. 

This article first appeared in the 21 July 2016 issue of the New Statesman, The English Revolt