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 government has pushed back the date of its much-anticipated Medium-Term Fiscal Plan in order to ensure it is based on the “most accurate” economic forecasts available. The fiscal event will be delivered on 17th November and has now been upgraded to a full Autumn Statement.
In our economic update this month we begin by looking at the market reaction to the recent announcements. We then look at the main factors driving Inflation which is currently at a 40 year high. After our market update we run through ONS data indicating the UK economy contracted in August. Finally there is good news from Unemployment figures which are at the lowest level for nearly 50 years.
Our update this month includes the following headlines:
- Chancellor’s fiscal statement delayed
- Inflation back at 40-year high
- UK economy unexpectedly shrinks
- Unemployment rate falls again
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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.