Economic update: Businesses and consumers in standby mode
Growth in the UK economy has slowed somewhat as businesses await the Labour’s October Budget.
Economic update: Services exports outpace goods
The UK exported £153 billion more than it imported in services in 2023, but it imported £204 billion more than it exported in goods.
Economic update: A better short-term outlook for 2024
The average forecast of GDP growth for 2024 has been raised from 0.4% at the beginning of this year to 0.9%, with inflation falling back to its 2% target.
-
Insight
Economic update: Inflation falls as the election campaign begins
Consumer prices inflation fell to 2.3% in April, but the Bank of England kept interest rates at 5.25% in May and other economic news remains mixed.
-
Insight
Economic update: Inactivity due to illness reaches record
An estimated 20.6 million people were out of work and not looking for work at the beginning of 2024. The recent rise has been attributed to long-term illness.
-
Insight
Economic update: Will lower inflation lead to interest rate cuts?
The Bank of England is expected to cut interest rates in the summer, but high core and services inflation might delay the timing of future reductions.
-
Insight
Economic update: Inflation set to fall over 2024
The Government cut National Insurance rates for employees from January but freezes to tax thresholds in April will increase personal taxes, in real terms.
-
Insight
Economic update: Growth remains flat and more people are in energy bill debt
Inflation fell to 3.9% in November but the impact on households may have been higher.
-
Insight
Economic update: Gloomy economic context to the Autumn Statement
Amid low growth and high inflation, unemployment is rising and there is concern that continued high interest rates might cause trouble for households with debt.
-
Insight
Economic Update: Have interest rates peaked?
The Bank of England left interest rates unchanged at 5.25%. Falling inflation and low economic growth might mean interest rates will not need to increase further.
-
Insight
Economic update: June’s weather boosts growth but interest rates keep rising
GDP grew this summer but high rates of core and services inflation are leading to higher interest rates.
-
Insight
Economic update: Inflation continues to fall as earnings growth rises
Concerns remain over the effects of earnings growth and a tight labour market on inflation. Government debt exceeded 100% of GDP for the first time since 1961.
-
Insight
Economic update: How are the Prime Minister’s pledges for the economy going?
As businesses and customers continue to worry about low growth and high prices, how close is the economy to meeting the Prime Minister’s pledges for 2023?
-
Insight
Economic update: Inflation not falling as fast as expected
The overall inflation rate is slowly falling due to changes in energy prices, but underlying inflation is rising.
-
Insight
Economic update: UK economy not growing but not shrinking
Economic growth remains low and inflation remains high; however, economic inactivity has fallen, and business activity and sales have increased.
Total results (page 1 of 6)