Economic Review – July 2025

UK economic output shrank for the second month in May, driven by weakness in manufacturing and construction  Inflation rose unexpectedly to 3.6% in June, complicating the Bank of England’s rate-cut considerations  Labour market shows signs of cooling, with falling vacancies and slowing wage growth amid economic uncertainty  UK economy still struggling to expand   Figures published […]

News in Review

UK–India trade deal slashes tariffs and is set to boost the UK economy by £4.8bn annually  Vehicle production hits lowest H1 level since 1953, despite a slight rise in electric car output  Public borrowing rose to £20.7bn in June, putting pressure on potential tax increases   After more than three years of negotiations, Britain has sealed […]

Engaging with your pension – knowledge gaps revealed

Most UK adults lack essential knowledge about their pensions and how they’re invested  A significant number don’t know their State Pension entitlement or how it’s calculated  Many want to consolidate pensions but don’t know how to start  New research1 has shone a light on the extent of pension knowledge gaps among UK adults. While 53% […]

News in Review

UK inflation unexpectedly rose to 3.6% in June, reducing hopes of imminent interest rate cuts  Retail sales showed strong annual growth of 3.1%, led by food sales and resilient online spending  Unemployment hit 4.7% and vacancies continued to fall, signalling persistent labour market softness and caution  “This surprise uptick in CPI to 3.6% is a […]

News in Review

According to the Bank of England, global financial uncertainty is increasing, but the UK banking system is strong and well-capitalised  The UK economy unexpectedly contracted in May, raising concerns about momentum following strong Q1 growth  In her Mansion House speech, the Chancellor confirmed no immediate changes to Individual Savings Account (ISA) allowances or structure    “Our […]

Summer pension round-up – managing your wealth

Nearly half of over-50s are worried about running out of money in retirement  Many retirees withdraw pension lump sums impulsively, without understanding tax or long-term consequences  Career progression, early retirement and smart planning shape your future pension outcome.  With life moving fast, demands on our time and finances never-ending, it’s easy to push pensions down […]