020 7898 0500Today marked the first Prime Minister’s Questions of the new parliamentary session. As Jeremy Corbyn and Theresa May went head-to-head for the first time since the summer recess, it was quite surprising that Corbyn ignored the leaking of documents that showed the Home Office’s draft document on immigration.
Instead, the focus was on low pay and the treatment of workers in private and public sectors. On a day that was relatively quiet from an economic data point of view, it was rather an underwhelming PMQs. Instead, attention turned to the swathes of employers in the UK who have openly criticised May’s immigration plans.
Today should prove far more “entertaining” as the ECB meet to discuss future monetary policy. It is anybody’s guess what Mario Draghi will say but there is clearly a case to be made for tightening monetary policy in the eurozone. Having said this, Draghi has defied expectations before and could well do so again.
