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 Office for Budget Responsibility (OBR) has upgraded its UK economic growth forecast and is now predicting the economy will return to its pre-pandemic level six months earlier than previously expected.
In our economic update this month we look at the better than anticipated economic growth figures along with the continuing inflationary pressures within the UK and beyond. The Bank of England is under increasing pressure to act.
Our update this month includes the following headlines:
- OBR forecasts stronger growth
- UK inflation likely to hit 5%
- Retail sales extend record decline
- Workers enjoy pay rebound
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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.