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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Economic Review -February 2023

The latest gross domestic product (GDP) statistics show the economy unexpectedly grew in November easing fears that the UK has already slipped into recession. In our economic update this month we begin by looking at UK data which although mixed, has beaten expectations. We then look at figures indicating that inflation is falling rapidly. Our…

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Economic Review -January 2023

In mid-December, the Bank of England (BoE) announced another hike in its benchmark interest rate and warned that further increases are likely in order to sustainably return inflation to target level.  In our economic update this month we begin by looking at Interest rates and Inflation and how the opinions of the Monetary Policy Committee…

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Economic Review -December 2022

Updated projections from the Office for Budget Responsibility (OBR) suggest the UK is facing a long but relatively shallow recession which will see households hit by a record drop in living standards.  In our economic update this month we begin by looking at updated figures from the Office for Budget Responsibility (OBR) which indicates the…

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Economic Review -November 2022

  The government has pushed back the date of its much-anticipated Medium-Term Fiscal Plan in order to ensure it is based on the “most accurate” economic forecasts available. The fiscal event will be delivered on 17th November and has now been upgraded to a full Autumn Statement.  In our economic update this month we begin…

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Economic Review -October 2022

In his first fiscal statement since becoming Chancellor, Kwasi Kwarteng hailed a “new approach for a new era” as he unveiled a series of tax cuts and other measures designed to spur economic growth. In our economic update this month we begin by covering off the key points of Kwarteng’s mini budget. Although these are…

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Economic Review -September 2022

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…

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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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