Economic Review — May 2023

i View as a PDF Recent signs of economic resilience While the latest gross domestic product (GDP) statistics revealed that the UK economy stagnated in February, recent survey evidence paints a more positive picture with signs of ‘encouraging resilience’ and...

Economic Review — April 2023

i View as a PDF UK expected to avoid recession Revised forecasts from the Office for Budget Responsibility (OBR) suggest the UK will not enter recession this year despite households facing a record drop in spending power. Chancellor Jeremy Hunt unveiled the...

Spring Budget 2023

i View as a PDF “A Budget for Growth” Chancellor of the Exchequer, Jeremy Hunt, delivered his first Spring Budget on 15 March declaring it was “A Budget for Growth.” The fiscal update included a range of new measures, some of which had been widely trailed prior...

Economic Review — February 2023

i View as a PDF Interest rate peak may be approaching 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. Following...

Economic Review — January 2023

i View as a PDF UK growth beats expectations The latest gross domestic product (GDP) statistics show the economy unexpectedly grew in November easing fears that the UK has already slipped into recession. Data released by the Office for National Statistics (ONS)...