Weekly news update
The latest Nationwide House Price Index has highlighted ‘further weakness in house prices’ in August, registering a 0.8% fall month on month.
Weekly news update
Data for August highlighted that weaker household spending and increasing interest rates contributed towards a decline in demand for services and goods during the month.
Weekly news update
The latest inflation data from the ONS has shown that the CPI measured 6.8% in the 12 months to July 2023, the lowest rate since early 2022.
Weekly news update
Last Friday, newly released data from the Office for National Statistics (ONS) revealed a better-than-expected uplift in UK economic growth.
Weekly news update
Last Thursday, the BoE's Monetary Policy Committee voted to increase Bank Rate to 5.25%, a 14th consecutive rise.
Weekly news update
Interest rates in the UK will need to stay higher for longer than previously forecast to tackle inflation, the IIMF warned last week.
Weekly news update
Official figures released last week by the ONS showed that UK gross domestic product (GDP) contracted by 0.1% in May.
Weekly news update
Chancellor Jeremy Hunt announced a package of reforms designed to boost pensions and increase investment in British businesses.
Economic Review June 2023
Inflation persistence forces rates higher
Weekly news update
Last week, around 85% of lenders operating in the UK’s mortgage market signed a government Mortgage Charter agreeing to support borrowers.