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  3. Economic updates
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Economic updates

  • Economic updates,Research Briefing

    Economic update: Higher-than-expected GDP growth

    Friday, 30 May, 2025

    UK economic growth was higher than expected in the first quarter of 2025, but concerns about potential tariffs, inflation and interest rates persist.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Trade tariffs lower growth forecasts

    Tuesday, 29 April, 2025

    International organisations have lowered their growth forecasts since the US imposed tariffs on goods imports in April.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Uncertain times for business

    Wednesday, 26 February, 2025

    Businesses report various challenges, most commonly economic uncertainty. Larger businesses are more positive about the future.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Slow end to 2024 and growth plans announced

    Friday, 31 January, 2025

    Sluggish GDP growth is expected to continue into early 2025, amongst weak business confidence. The government has made growth its “number one mission”.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Which industries have grown in 2024?

    Friday, 20 December, 2024

    UK economic growth has slowed in the second half of 2024, after a relatively strong start. Early indicators suggest Q4 growth may be close to or lower than Q3.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Effects of the Budget and US election

    Wednesday, 27 November, 2024

    With inflation close to its 2% target, the Bank of England cut its interest rate to 4.75% in November, but it now expects higher inflation and growth than it did before the Budget.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Businesses and consumers in standby mode

    Thursday, 26 September, 2024

    Growth in the UK economy has slowed somewhat as businesses await the Labour’s October Budget.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Services exports outpace goods

    Friday, 30 August, 2024

    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 updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: A better short-term outlook for 2024

    Tuesday, 30 July, 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.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Inflation falls as the election campaign begins

    Tuesday, 28 May, 2024

    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.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Inactivity due to illness reaches record

    Thursday, 25 April, 2024

    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.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Will lower inflation lead to interest rate cuts?

    Wednesday, 27 March, 2024

    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.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Inflation set to fall over 2024

    Monday, 29 January, 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.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Growth remains flat and more people are in energy bill debt

    Wednesday, 20 December, 2023

    Inflation fell to 3.9% in November but the impact on households may have been higher.

    • Economic updates
    • Research Briefing
    • Economic situation
  • Economic updates,Research Briefing

    Economic update: Gloomy economic context to the Autumn Statement

    Thursday, 26 October, 2023

    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.

    • Economic updates
    • Research Briefing
    • Economic situation

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