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 latest gross domestic product (GDP) statistics show the UK economy unexpectedly shrank in April, increasing concerns about future growth prospects.
In our economic update this month we look at the reasons behind the UK slowdown and what future growth might look like. With the Bank of England sanctioning another quarter point rate rise last month we run through the inflation figures and what the Bank of England may do next. Our markets summary continues to indicate a downward trend globally. Finally we give an overview of the latest Office for National Statistics (ONS) figures which indicate that basic pay continues to lag the rapidly rising cost of living.
Our update this month includes the following headlines:
- Slowdown fears mount
- BoE ready to act ‘forcefully’
- Real regular pay falling
- Retailers report fall in sales
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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.