Claims extracted
21
sentences that state something as happening or true
Uncertain
10%
2 of 21 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
67/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Bank of England deputy ‘surprised how well’ economy absorbed energy price shock
asserted
economy → surprise → shock
The Bank of England’s deputy governor has said she was “surprised” with how well the economy has swallowed the latest energy price shock caused by the conflict in the Middle East.
asserted
economy → say → East
Sarah Breeden made the comments after the UK economy reported surprise growth in August on the back of strong factory production, marking a boost to the Chancellor ahead of the autumn Budget.
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economy → make → Budget
The August reading surpassed the expectations of economists, who had pointed to a 0.1% decline for the month.
asserted
who → surpass → month
It suggests resilience in the UK economy despite pressure on consumer spending and wider volatility in the global economy due to the war in Iran.
uncertain
It → suggest → Iran
Ms Breeden told business news channel CNBC on Thursday: “So we’ve been surprised so far about how well the economy has absorbed what has been a pretty significant energy price shock.
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what → tell → Thursday
“I think part of that is because the firms had learned the lessons from the energy shock of 2022.
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firms → think → 2022
“So when I go and talk to businesses, many of them are hedged, and that means that the shock that they’re feeling now is less than it would otherwise have been.
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it → go → that
“In addition, we’ve got the AI activity, the AI boom that’s happening, that’s cascading all around the world, and we’ll have some feed into…
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we → get → feed
the UK businesses we talk to are thinking about adopting it, building data centres, even if not at the scale in the US, and all of that is supporting activity, which is what you’ve seen in this morning’s data.”
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you → talk → data
Ms Breeden added the Bank of England was focused on understanding whether the private sector’s ability to swallow the energy shock meant its effect was reduced or delayed, and could therefore come later.
uncertain
effect → add → shock
Read More
The International Monetary Fund and the World Bank Group are holding their annual meeting in Bangkok, Thailand, this week to discuss issues including the world economic outlook and global financial stability.
asserted
Fund → read → outlook
Asked about British consumers’ behaviour and feelings towards the economy, Ms Breeden said: “So when I am out and about around the UK, what I’m hearing is a sense of: ‘Oh, here’s another shock… this is another energy shock after a series of trade shocks after a war in Ukraine’.
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this → ask → Ukraine
There’s a sense of: ‘oh here we go again’.
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we → ’ → ?
“And what I also hear is that people are trying to manage their costs.
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people → hear → costs
“What’s really different now, relative to when we had the last energy shock in 2022, is that people aren’t looking to push costs through.”
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people → ’ → costs
She added consumers were “suffering” with prices going up, adding the cost of living was “definitely” impacting people.
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cost → add → people
Asked whether there was an affordability crisis, she said: “It is really clear that there are some people for whom this is a real challenge.
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this → ask → whom
“But what is encouraging is that I get the sense that, as we saw with the GDP data this morning, activity isn’t falling off a cliff, that the labour market is holding up through it and there’s a desire to absorb the shock rather than just pass it on, which makes our job as monitoring policy makers a bit easier in these uncertain times.”
asserted
job → encourage → times
Consumer Prices Index inflation was most recently recorded at a five-month-high of 3.1% in August, having been pushed higher by rising fuel prices and air fares.
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inflation → record → prices
The ONS will unveil the latest monthly inflation data next week, shedding more light on the changing cost-of-living for UK households.
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ONS → unveil → households
The Aporia
