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.
Online discounts and the hot summer weather have encouraged an uplift in retail sales, with the latest official statistics showing a rise in July and survey data pointing to further growth in August and September.
In our economic update this month we look at the positive news coming out of retail sales. The Bank of England’s decision to raise rates and what they think inflation will look like over the next couple of years. We look at global markets which have struggled over the last month. Finally we look at the prospects for the UK economy including the labour market.
Our update this month includes the following headlines:
- Retailers report sales growth
- Bank hikes rates
- UK economy contracts
- Signs of cooling labour market
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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.