Economic updates,Research Briefing
March 2018 saw the Chancellor deliver his spring statement on the same day that the Office for Budget Responsibility (OBR) published updated forecasts for the economy and public finances. The Bank of England’s Monetary Policy Committee signalled that an interest rate rise is likely in coming months. Economic situation – lowest annual GDP growth rate
Economic updates,Research Briefing
The Spring Statement is next Tuesday. What is the spring statement? How are the economy and public finances performing? What is the spring statement? In the main, the spring statement gives the Chancellor the opportunity to respond to the Office for Budget Responsibility’s latest forecasts for the economy and public finances. It is unlikely that
Economic updates,Research Briefing
Trends seen throughout 2017 have continued in the economic data published early in 2018: moderate GDP growth, high employment, low unemployment, and the rate of inflation exceeding earnings growth. As expected, at the beginning of February the Bank of England kept interest rates unchanged, although they warned that monetary policy may need to be tightened
Economic updates,Research Briefing
Inflation reached a five and a half year high in November while a dip in employment meant an uptick in productivity. UK economy growing more slowly than rest of G7… The Office for National Statistics confirmed the UK economy grew by 0.4% over the quarter to Q3 2017 and revised up its estimates for growth
Economic updates,Research Briefing
November was a busy month of economic policy announcements with the Government unveiling its Budget and industrial strategy, and the Bank of England raising interest rates. Economic data confirmed modest GDP growth of 0.4% in the third quarter, while, despite low unemployment, average wages continued to rise by less than the rate of inflation. Budget
Economic updates,Research Briefing
In the final full month before the 2017 Autumn Budget, published data showed a slight acceleration in GDP growth while inflation reached its highest level in over five years. Real average earnings continued to fall, although new data showed earnings were increasing above inflation for the lowest-paid employees. Growth continued at a similar rate to
Economic updates,Research Briefing
Slow GDP growth and relatively high inflation provide the backdrop to this month’s economic update. Perhaps the biggest headline came from the Governor of the Bank of England who signalled interest rates are likely to rise soon, for the first time in more than a decade. Comparatively weak growth… UK quarterly GDP growth in Q2
Economic updates,Research Briefing
As summer fades away in the rear view mirror, we take this opportunity to summarise the economy’s journey over the past few months. GDP growth has slowed this year, as consumers are squeezed by higher inflation. The recent upward trend in consumer price inflation, however, appears to have come to an end in recent months.
Economic updates,Research Briefing
Economic growth accelerated, but remained modest in the second quarter of 2017. Inflation continued to grow at a higher rate than wages, and employment levels continued to rise. Overall the picture was much the same as for the first quarter of the year. A “noticeable slowdown” in economic performance… Let’s start with the positive news.
Economic updates,Research Briefing
There are signs of weakness in the UK’s economic performance. In our last economic update, we observed inflation rising quicker than earnings, a decrease in productivity and a slight downward revision in economic growth for the first quarter of 2017. To this picture, we can now add rising household debt. But there’s also material for
Economic updates,Research Briefing
Although our recent economic updates have shown the economy performing well, there was less positive news over the past month. The month saw inflation rising quicker than earnings, a decrease in productivity and a slight downward revision in economic growth for the first quarter of 2017. Inflation rose at a faster rate than earnings The
Economic updates,Research Briefing
Over the past month there’s been a lot of economic data….and a decision to hold a General Election on 8 June. So in this last economic update before the election, we focus on the latest GDP growth data for early 2017. Growth was somewhat lower than in recent quarters, with the first indications that consumers
Economic updates,Research Briefing
March 2017 was dominated by Brexit and concluded with the triggering of Article 50. Both the UK Government and the European Commission say the act is irrevocable, meaning that by April 2019 the UK will probably have left the EU. In other news inflation increased, unemployment continued to fall and the Spring Budget included an
Economic updates,Research Briefing
January 2017 provided more evidence of the UK’s steady economic growth in 2016 (seemingly unaffected by the EU referendum result), the continued weakness of the pound and rising prices. Is there anything missing? Oh yes, Brexit………a speech, a court case, a Bill, a vote in parliament, and a White Paper. Brexit gets going Just in
Economic updates,Research Briefing
If you’re a regular reader of our economic updates you could be forgiven for getting a sense of déjà vu as you look at this month’s summary. We again report that since the EU referendum the economy has largely continued to perform well (on the back of the service sector) and that economists expect growth
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