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) figures showed that the UK economy grew strongly in the second quarter, although more recent survey evidence does suggest the recovery is losing momentum.
In our economic update this month we look at continuing positive data from the UK, cost pressures from the economy and whether these distortions are being caused by COVID.
Our update this month includes the following headlines:
- Strong second quarter growth
- Cost pressures transitory says BoE
- COVID distortions send earning soaring
- Government borrowing levels down
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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.