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.
Updated projections from the Office for Budget Responsibility (OBR) suggest the UK is facing a long but relatively shallow recession which will see households hit by a record drop in living standards.
In our economic update this month we begin by looking at updated figures from the Office for Budget Responsibility (OBR) which indicates the UK is facing a long but relatively shallow recession. We then discuss the recent spate of interest rate rises and what it may mean in the New Year. Our markets section is much more positive this month with increases all round. We then cover wage growth and how it relates to inflation. Finally we have some interesting data on Retail sales.
Our update this month includes the following headlines:
- OBR forecasts long but shallow recession
- Bank Rate hiked sharply
- Record pay growth still lags inflation
- Retail sales rise in October
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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.