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 warned that the UK faces a “sharp economic slowdown” in the coming months as it continues to raise interest rates in a bid to dampen rapidly rising prices.
In our economic update this month we look at the continuing surge of prices and how this is impacting on the UK and global economy. We run through the help on offer to consumers by the UK government to help with this continuing problem. We look at the global market data and how the War in Ukraine is effecting various markets. We finally delve into figures from the Office for National Statistics on Inflation and look at the continuing reduction in employment figures.
Our update this month includes the following headlines:
- Bank warns of deteriorating outlook
- Cost of Living Support package
- Inflation hits 40-year high
- Job vacancies outpacing unemployment
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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.