News - Aetas Partners

Last week the UK’s annual inflation rate, as measured by the Consumer Prices Index (CPI) increased by 4% in the year to December.

New data from the Office for National Statistics (ONS) has revealed that UK GDP is estimated to have grown by 0.3% in November 2023.

There was good news for supermarkets last week, as new data showed they experienced their busiest Christmas in four years.

During their final meeting of 2023, the BoE’s Monetary Policy Committee voted by a six to three majority to retain Bank Rate at 5.25%.

Revised forecasts from the OBR suggest the UK economy is set to grow more slowly over the next two years than previously predicted.

Yesterday Jeremy Hunt unveiled the government’s latest tax and spending plans saying “we back British business”.

Some more positive news last week as inflation dropped to 4.6% largely driven by reduced household energy prices.

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Last Friday, UK growth figures showed no UK growth in the third quarter of the year, following an increase of 0.2% in Q2.