“The UK economy has stagnated again in recent months” Last Friday, UK growth figures from the Office for National Statistics (ONS) showed that the economy is estimated to have shown no growth in the third quarter of the year, following an increase of 0.2% in Q2. UK gross domestic product (GDP) is estimated to have […]
Author archives: charlie
Economic Review – October 2023
Inflation rate holds steady The Bank of England (BoE) Governor has described the latest batch of inflation statistics as “quite encouraging,” adding that he expects a “noticeable drop” in the headline rate when the next set of data is released later this month. Figures recently published by the Office for National Statistics (ONS) revealed that […]
News in Review
“AI will bring new knowledge, new opportunities for economic growth… and the chance to solve problems we once thought beyond us” Ahead of this week’s first ever Artificial Intelligence (AI) Safety Summit at Bletchley Park, Rishi Sunak delivered a speech last Thursday on the global responsibility required to address and build a shared understanding of […]
News in Review
“The near-term outlook for prices is now more mixed” The latest UK inflation data for September was released by the Office for National Statistics (ONS) last week, disclosing that the overall Consumer Prices Index (CPI) rate unexpectedly remained at 6.7%, ending three consecutive monthly declines. This clearly exemplifies that the battle with inflation is still […]
Residential Property Review – October 2023
Conditions remain challenging The residential sales market continues to be challenging, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with demand, sales, instructions, and prices remaining in negative territory. At a national level, new buyer enquiries recorded a net balance of -39% in September, which although weak, is […]
Commercial Property Review – October 2023
Industrial and warehouse space in demand New analysis has highlighted that the most in-demand UK commercial property sector currently is industrial/warehouse space, as companies look to facilitate and improve their ability to deliver online purchases to customers as efficiently as possible. According to data from Sirius Property Finance, buyer demand for hospitality and leisure assets […]
News in Review
“The UK economy is holding up but remains in a precarious state” The most recent data from the Office for National Statistics (ONS) highlighted a modest 0.2% expansion in August, following a sharp 0.6% reduction in July. The monthly growth was in line with expectations from a Reuters poll of economists. Contributors to the growth […]
News in Review
“It’s great to see financial services firms reporting another positive quarter” Financial services activity held relatively firm in the third quarter, according to the latest Financial Services Survey released last week by the Confederation of British Industry (CBI). In total, optimism and business volumes grew slightly less quickly than in the buoyant second quarter. Moreover, […]
News in Review
“Our new estimates indicate a stronger performance for professional and scientific businesses” The UK’s economy has grown faster since the start of the pandemic than had initially been stated, according to new data released last week by the Office for National Statistics (ONS). Under the updated figures, the UK’s economy is estimated to have grown […]
Economic Review – September 2023
Rate-hike pause as inflation dips Last month, the Bank of England announced a pause in its long run of interest rate rises following an unexpected dip in the UK headline rate of inflation and ‘increasing signs’ that higher rates were starting to hurt the real economy. Following its latest meeting, which concluded on 20 September, […]