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.
Revised forecasts from the Office for Budget Responsibility (OBR) suggest the UK will not enter recession this year despite households facing a record drop in spending power.
In our economic update this month we begin by looking at the Spring Budget in which Jeremy Hunt unveils news that Economic Growth in the UK has been better than expected. We then focus in on Inflation which has had an unexpected increase this month due to food prices. Our market update for April is mixed with positive news from the US and Japan. We then cover UK pay growth data and how it compares to the current inflation rate. Finally we finish with positive news from the retail sector.
Our update this month includes the following headlines:
- UK expected to avoid recession
- Inflation rises unexpectedly
- UK pay growth slows
- Retail sales rise in February
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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.