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 National Statistics (ONS) has revised UK economic growth for Q2 2021 to 5.5% from an original estimate of 4.8%. The UK’s level of GDP is now 3.3% below where it was pre-pandemic in Q4 2019, revised from the previous estimate of 4.4% below.
In our economic update this month we look at economic growth in the UK and how supply side issues may create constraints moving forward. Although the Bank of England has chosen to keep interest rates unchanged, inflationary pressures continue.
Our update this month includes the following headlines:
- Upgrade to UK GDP growth
- BoE raises inflation forecast
- Markets
- Job vacancies hit record high
- Retail sales in downward trend
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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.
