Category: Economic Review

Bank Rate raised again In mid-December, the Bank of England (BoE) announced another hike in its benchmark interest rate and warned that further increases are

OBR forecasts long but shallow recession Updated projections from the Office for Budget Responsibility (OBR) suggest the UK is facing a long but relatively shallow

Chancellor’s fiscal statement delayed The government has pushed back the date of its much-anticipated Medium-Term Fiscal Plan in order to ensure it is based on

Chancellor’s Growth Plan In his first fiscal statement since becoming Chancellor, Kwasi Kwarteng hailed a “new approach for a new era” as he unveiled a

Retailers report sales growth Online discounts and the hot summer weather have encouraged an uplift in retail sales, with the latest official statistics showing a

UK economy expands in May The latest gross domestic product statistics show that the UK economy unexpectedly grew in May although forward-looking indicators still point

Slowdown fears mount The latest gross domestic product (GDP) statistics show the UK economy unexpectedly shrank in April, increasing concerns about future growth prospects. Data

Bank warns of deteriorating outlook The Bank of England (BoE) has warned that the UK faces a “sharp economic slowdown” in the coming months as

IMF cuts growth forecast The International Monetary Fund (IMF) has warned that economic damage from the Ukraine conflict will contribute to a significant slowdown in

Bank Rate raised again Last month, the Bank of England (BoE) sanctioned a further increase in its benchmark interest rate as inflation continues to surge