Category archives: News in Review

“We know that families across Britain are still struggling with the cost of living”  UK inflation was 2.3% in October, according to figures released last week by the Office for National Statistics (ONS), the first rise in the UK’s consumer prices index (CPI) for three months.  As well as faring worse than economists had expected, […]

“Harnessing the power of this multi-billion-pound industry is a win-win, benefiting future pensioners, and our wider economy”  Last Thursday, Chancellor Rachel Reeves used her first Mansion House speech to outline her new plan for pension funds, intended to shake up UK pension saving and unlock £80bn of investment.  Ahead of the speech, the Chancellor revealed […]

“This is a magnificent victory for the American people” Last week, after intense months of campaigning, Donald Trump made a triumphant comeback to be voted 47th President of the United States. The Republicans secured a decisive victory, winning crucial swing states, also regaining control of the US Senate. Trump’s victory was surprisingly conclusive after opinion […]

“The only way to drive economic growth is to invest, invest, invest”  Rachel Reeves delivered the first Labour Budget in 14 years on 30 October, during which she announced £40bn of tax rises. She outlined a series of new tax and spending measures, some of which had been widely trailed prior to Budget day, saying, […]

“Geopolitical concerns are very serious”  Last Thursday, Bank of England (BoE) Governor Andrew Bailey spoke in an interview about the pace at which interest rates are being cut. With two more Monetary Policy Committee (MPC) meetings this year, the Governor said the Bank could afford to be “a bit more aggressive” with its rate reduction […]

‘The global economy is starting to turn the corner’  Last week the Organisation for Economic Co-operation and Development (OECD) released its latest forecast, which outlines global growth prospects of 3.2% both this year and next. In its interim economic outlook, the well renowned think tank concluded, ‘The global economy is turning the corner as growth […]

“I’ve been really clear that the Budget… will require difficult decisions”  Last week, Chancellor Rachel Reeves, who faced criticism over the Winter Fuel Payment vote, said the Budget on 30 October is set to involve “difficult decisions,” on key areas such as spending, tax and welfare.   Her cautionary tone came hot on the heels of […]

“While the UK economy will perform better this year, it’s unlikely to be heading into the fast lane any time soon”  The UK economy will now grow at a faster rate than previously thought in 2024, according to a report by the British Chambers of Commerce (BCC) released last week.  The upgrade to 1.1% for […]

“Shop prices fell into deflation for the first time in nearly three years”  Fashion retailers trying to shift stock through summer sales helped shop prices to record their first annual fall for nearly three years, according to research from the British Retail Consortium (BRC).  Prices in August were down 0.3% from a year ago, the […]