Economic Review – October 2021

OBR forecasts stronger growth The Office for Budget Responsibility (OBR) has upgraded its UK economic growth forecast and is now predicting the economy will return to its pre-pandemic level six months earlier than previously expected. Chancellor Rishi Sunak unveiled the independent forecaster’s revised projections during his Budget statement delivered to the House of Commons on […]

New investment habits set to outlast lockdown

In the past 18 months, many Britons have saved more money than usual as the closure of the economy reduced spending. Many canny investors have been channelling their savings into increased investment contributions. New research1 suggests that the majority of UK investors (76%) intend to keep up higher levels of contributions, with half saying they […]

News in Review

 “Growth is being accompanied by an unprecedented rise in inflationary pressures” A closely monitored survey, released last week, suggests the UK economy unexpectedly regained momentum during October. The preliminary reading of the IHS Markit/CIPS Composite Purchasing Managers’ Index (PMI) rose to 56.8, up from 54.9 in September. This represents the largest monthly increase since May […]

Commercial Property Market Review – October 2021

Strong recovery for UK flex market According to Workthere research, the flexible office sector regained momentum in H1 2021 following its pandemic-induced slump, with renewed appetite for flex space in both enquires (+30% on pre-pandemic levels) and transactions (+36%). Flexible workplaces – a catchall term encompassing anything from serviced offices to fitted plug and play […]