Economic Review – August 2022

The latest gross domestic product (GDP) statistics show the UK economy grew unexpectedly in May although forward-looking indicators still point to a deteriorating outlook. In our economic update this month we look at the reasons  why the economy expanded, expected pressure on households in the coming months and a weaker growth.  Our markets shows some…

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Economic Review – July 2022

The latest gross domestic product (GDP) statistics show the UK economy unexpectedly shrank in April, increasing concerns about future growth prospects. In our economic update this month we look at the reasons behind the UK slowdown and what future growth might look like. With the Bank of England sanctioning another quarter point rate rise last…

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Economic Review – June 2022

The Bank of England (BoE) has warned that the UK faces a “sharp economic slowdown” in the coming months as it continues to raise interest rates in a bid to dampen rapidly rising prices. In our economic update this month we look at the continuing surge of prices and how this is impacting on the…

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Economic Review – May 2022

The International Monetary Fund (IMF) has warned that economic damage from the Ukraine conflict will contribute to a significant slowdown in the global economy with the UK set to be amongst the hardest hit. In our economic update this month we look at the data surrounding the slowdown and what forecasters are predicting from the…

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Economic Review – April 2022

Last month, the Bank of England (BoE) sanctioned a further increase in its benchmark interest rate as inflation continues to surge significantly ahead of the Bank’s target level. In our economic update this month we look at the Bank of England’s decision in more detail including the inflationary data and what might lay ahead, as…

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Economic Review – March 2022

In February, the Bank of England’s Monetary Policy Committee (MPC) announced an increase in its main interest rate for the second meeting in a row as the Bank continues to grapple with a rapid rise in the cost of living.  In our economic update this month we look at the Bank of England’s decision and…

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Economic Review – February 2022

The UK economy grew strongly in November to move beyond its pre-COVID level, with increasing momentum recorded across all industry sectors prior to the arrival of the Omicron variant. In our economic update this month we look at UK growth figures which overshot forecasts by a Reuters poll of economists. We then run through inflation…

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Economic Review – January 2022

The Bank of England (BoE) sanctioned a 15-basis-point increase in its main interest rate on 16 December and warned that inflation is now likely to hit 6% by spring. In our economic update this month we look at the inflation figures in more detail and the comments by the Bank of England governor which indicates…

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Economic Review – December 2021

Official statistics show the UK headline rate of inflation now stands at a 10-year high, with surveys pointing to further upward pressure as firms continue to report rapidly-rising cost burdens. In our economic update this month we look at the continuing rise of prices and the focus on the Bank of England and whether they…

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Economic Review – November 2021

    The Office for Budget Responsibility (OBR) has upgraded its UK economic growth forecast and is now predicting the economy will return to its pre-pandemic level six months earlier than previously expected. In our economic update this month we look at the better than anticipated economic growth figures along with the continuing inflationary pressures…

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