Economic Review – December 2023

Revised forecasts from the Office for Budget Responsibility (OBR) suggest the UK economy is set to grow more slowly over the next two years than previously predicted. In our economic review this month we begin by looking at the OBR’s data which whilst not predicting a recession is predicting sluggish growth in the UK over…

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Economic Review – November 2023

The Bank of England (BoE) Governor has described the latest batch of inflation statistics as “quite encouraging,” adding that he expects a “noticeable drop” in the headline rate when the next set of data is released later this month.  In our economic review this month we begin by looking at Inflation and data that indicates…

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Economic Review – October 2023

Last month, the Bank of England announced a pause in its long run of interest rate rises following an unexpected dip in the UK headline rate of inflation and ‘increasing signs’ that higher rates were starting to hurt the real economy. In our economic review this month we begin by looking at the Monetary Policy…

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Economic Review – September 2023

The latest gross domestic product (GDP) statistics revealed that the UK economy grew more strongly than expected in June, although more recent survey data does suggest a renewed contraction looks ‘inevitable.’ In our economic review this month we begin by looking at data from the Office for National Statistics which shows the UK economy grew…

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Economic Review – August 2023

Data released by the Office for National Statistics (ONS) showed the UK inflation rate fell by more than expected in June, leading analysts to predict that interest rates are now likely to rise less sharply than previously feared. In our economic review this month we begin by looking at the lowering inflation data, and the…

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Economic Review – July 2023

The Bank of England (BoE) has sanctioned another hike in its benchmark interest rate after citing ‘significant upside news’ which suggests inflation is likely to take longer to fall back to the Bank’s target level.  In our economic review this month we begin by looking at the Bank of England’s decision, inflation and what may…

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Economic Review – June 2023

Revised projections released last month by both the Bank of England (BoE) and International Monetary Fund (IMF) suggest the UK economy is now set to avoid recession this year. In our economic review this month we begin by looking at the revised figures from the IMF and the factors behind them. We also look at…

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Economic Review -May 2023

While the latest gross domestic product (GDP) statistics revealed that the UK economy stagnated in February, recent survey evidence paints a more positive picture with signs of ‘encouraging resilience’ and ‘growth momentum.’ In our economic update this month we look at the data behind these comments and conclude the outlook for the UK is not…

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Economic Review -April 2023

Revised forecasts from the Office for Budget Responsibility (OBR) suggest the UK will not enter recession this year despite households facing a record drop in spending power. In our economic update this month we begin by looking at the Spring Budget in which Jeremy Hunt unveils news that Economic Growth in the UK has been…

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Economic Review -March 2023

  Last month the Bank of England (BoE) announced another hike in its benchmark interest rate but hinted that rates may now be nearing a peak, as the tide in its battle with inflation begins to turn. In our economic update this month we begin by delving into inflation and looking at the actions of…

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