Economic update: Some reasons to be cheerful amid warnings on borrowing
Summer weather has boosted retail sales and consumer confidence is up, though mortgage approvals are down and fuel prices are high.
Economic update: Unexpected resilience as conflict continues
GDP has continued to grow slowly despite the conflict in the Middle East, but inflation rose in July as its effects filtered through to household energy prices.
Economic update: The new Prime Minister, inflation and the cost of living
Andy Burnham has announced several policies to help people with the cost of living, with average prices having risen 30% since 2021.
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Economic updates,Research Briefing
Economic update: Proceeding with caution
The Bank of England has held UK interest rates at 3.75% for the fourth month in a row following continued concerns about inflation.
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Economic updates,Research Briefing
Economic update: Beating the forecasts, for now
Inflation fell to 2.8% in April 2026, but experts expect it to increase to 3.5% by the end of the year.
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Economic updates,Research Briefing
Economic update: How resilient are current supply chains?
Economic effects of the US/Israeli conflict with Iran are emerging for UK consumers and businesses. However, flexible supply chains may cushion price pressures.
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Economic updates,Research Briefing
Economic update: Middle East conflict and the UK economy
The Israel/US–Iran conflict has disrupted oil and gas in the Middle East. Consequent price rises may lead to higher inflation and lower GDP growth in the UK.
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Economic updates,Research Briefing
February 2026 Economic update: Mixed picture before the 2026 spring forecast
On 3 March, the Office for Budget Responsibility will update its forecasts for growth, inflation, unemployment and more.
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Economic updates,Research Briefing
Economic update: Household financial resilience is slowly improving
Household financial resilience has been improving but the labour market continues to weaken. Inflation increased in December but is expected to fall in 2026.
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Economic updates,Research Briefing
Economic update: Interest rates cut as inflation falls to eight-month low
The Bank of England cut interest rates in December 2025, for the fourth time this year. However, the labour market weakened and GDP unexpectedly fell.
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Economic updates,Research Briefing
Economic update: Low growth leaves Chancellor with decisions to make
Economic growth remains slow, productivity forecasts are likely to be downgraded and government borrowing is at almost the highest on record.
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Economic updates,Research Briefing
Economic update: Why has inflation gone up in 2025?
UK inflation remains above the Bank of England’s target rate of 2%. The Bank says that increases in food prices and administered prices are largely to blame.
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Economic updates,Research Briefing
Economic update: Interest rates cut to their lowest level for over two years
The Bank of England cut its benchmark interest rate to 4% in August 2025. However, there are signs that UK inflation might be persisting.
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Economic updates,Research Briefing
Economic update: Long-term vulnerabilities in the public finances
UK inflation remains higher than expected, economic growth remains slow and public finances are assessed as “relatively vulnerable” in the long term.
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Economic updates,Research Briefing
Economic update: Slower growth for the rest of 2025
Despite the weakening of the labour market and forecasted slower economic growth, some measures show business and consumer confidence increasing.
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