Economic Review — December 2024

i View as a PDF Interest rates set to fall more gradually Last month, the Bank of England (BoE) cut interest rates for only the second time since 2020 but also warned future reductions were likely to be more gradual due to the prospect of inflation creeping higher...

Economic Review — November 2024

i View as a PDF Economy set for short term Budget boost New economic projections produced by the Office for Budget Responsibility (OBR) suggest the Labour administration’s first Budget will provide only a ‘temporary boost’ to UK economic output. Chancellor Rachel...

Economic Review — October 2024

i View as a PDF UK economic growth forecast upgraded An updated forecast published last month by the Organisation for Economic Co-operation and Development (OECD) suggests the UK will be the joint-second fastest growing economy among the G7 nations this year....

Economic Review — September 2024

i View as a PDF BoE starts to cut rates In early August, the Bank of England (BoE) sanctioned the first reduction in interest rates since March 2020 and economists expect a second cut to be announced before the end of this year. The closely-run decision was announced...

Economic Review — August 2024

i View as a PDF UK growth stronger than expected Figures released last month by the Office for National Statistics (ONS) showed the UK economy grew faster in May than had been predicted, while survey evidence points to a more recent post-election pick-up in business...

Economic Review — July 2024

i View as a PDF Prospect of rate cut moves closer While last month once again saw the Bank of England (BoE) leave interest rates unchanged at a 16-year high, the minutes to the Bank’s Monetary Policy Committee (MPC) meeting signalled a notable change in tone and...