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.
Following its latest meeting held on 22 June, the Monetary Policy Committee (MPC) judged that the existing monetary stance remains appropriate, despite inflation rising above the Bank of England’s target level. In our economic update this month we look at the jobs market which continues to show signs of recovery. We run through the main market benchmarks which closed June largely flat. Finally we look at public sector finance statistics and retail sales.
Our update this month includes the following headlines:
- MPC maintains monetary stance
- Record jump in employee numbers
- Government borrowing chasm narrows
- Sales dip as shoppers eat out
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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.