Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.
The Bank of England (BoE) has expressed growing confidence that a near-term recovery is gathering pace, although policymakers appear split over the country’s longer-term economic prospects.
Although the UK shrank by 2.9% in January, this was lower than a number of economists feared and recent surveys indicate the economy performed more strongly than anticipated. In our economic review this month we look at data which continues to suggest the UK economy is performing better than predicted. We then look at inflation and the surprise fall which some were not expecting. We run through the retail sector which indicates a partial recovery. Finally we look at borrowing figures for the first few months of the year.
Our update this month includes the following headlines:
- BoE: Outlook ‘unusually uncertain’
- Surprise fall in inflation
- Retailer optimism rising
- Borrowing hits February high
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It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.