Category archives: News in Review

UK GDP contracted unexpectedly in October, reflecting production declines, construction weakness and businesses delaying decisions pre-Budget Budget measures may ease inflation from April 2026, while economists anticipate a Bank Rate cut to support growth  Mortgage lending surged in Q3, with higher loan-to-value borrowing reaching levels last seen before the financial crisis  “We are determined to defy forecasts on […]

Global growth is set to cool as tariffs bite, though resilient economies and easing inflation support longer-term stability  UK conditions remain mixed, with modest growth, persistent inflation pressures and regional housing markets moving at varied speeds  Construction output weakens sharply while long-term energy network investment pushes household bills higher over the coming years  ‘The global economy has […]

Inflation eases to 3.6%, with falling energy and accommodation costs providing relief ahead of today’s Budget announcement  Deposit protection rises to £120,000, strengthening consumer confidence and safeguarding savings   Consumer confidence weakens before the Budget, reflecting concern over economic conditions and expectations of tough fiscal decisions  “Price pressures are gradually subsiding”  The latest figures from the […]

UK GDP grew 0.1% in Q3, with a major production halt and weak services weighing on economic momentum Housing activity slows as buyers and sellers await Budget clarity, though many surveyors expect sales to recover next year  COP30 brings progress on clean energy finance, with new UKEF agreements supporting global transition and net zero goals  […]

The Bank of England maintained rates at 4%, signalling caution while monitoring inflation’s trajectory before further cuts  COP30 focused on climate finance and meeting global emissions goals, with notable absences from major emitting nations’ leaders  Pre-Budget uncertainty is influencing first-time buyers and landlords, impacting housing activity and rental market behaviour  “We still think rates are […]

In a Pre-Budget speech, the Chancellor positioned her fiscal decisions as necessary in light of the UK’s current economic challenges  The Renters’ Rights Bill has received Royal Assent, which is set to change the rights of 11 million private tenants in England  President Trump and Chinese President XI Jinping met in South Korea to discuss ongoing trade tensions   “Each of us must do our bit for the security […]

The UK economy grew slightly in August, but experts warn of tougher months ahead  The IMF sees steady global growth, with the UK outperforming most G7 nations this year  US-China tensions flare as rare earth export controls spark new tariff threats  “We will continue to prioritise economic and fiscal stability”  Latest data from the Office […]

Latest data from Halifax shows that house prices decreased by 0.3% month-on-month in September  IFS says Chancellor Rachel Reeves should avoid ‘directionless tinkering and half-baked fixes’ in next month’s Budget  Donald Trump has hailed “the historic dawn of a new Middle East” in an address to Israeli lawmakers  “A relatively lower mortgage rate environment and […]

The BCC has urged the government to take decisive action to improve the competitiveness of the UK economy  GDP is estimated to have grown by an unrevised 0.3% between April and June, compared to an increase of 0.7% in Q1  The proportion of cash payments fell from 12% in 2023 to 9% in 2024, the […]

GDP grew by 0.2% in the three months to July, a slowdown from 0.3% recorded in Q2  US inflation was higher than expected in August with CPI rising 0.4%, the sharpest increase since January  ONS revealed the latest wages data showing that total pay, including bonuses, for the three months to July was 4.7%  “’In […]