Monday Macro: The UK’s inflation problem

Plus, what might happen in the budget (get those pension contributions in now)

The week ahead

Wall Street ended last week noticeably lower.

The S&P 500 fell 0.89% and the Nasdaq 100 0.93%. The decline was partly due to unexpectedly strong economic data, which impacted monetary policy expectations. Second-quarter GDP growth, for example, was revised up to an annualised 3.8% and weekly jobless claims fell from 232,000 to 218,000. The …