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.
Weekly news update
As widely expected, the Bank of England’s Monetary Policy Committee voted to increase Bank Rate by a quarter of a percentage point to 4.5%.
Weekly news update
The Coronation of King Charles III was expected to bring an additional £180m to UK hospitality and leisure businesses over the long weekend.
Weekly news update
The latest figures from the Office for National Statistics (ONS) highlight that the Consumer Prices Index increased by 10.1% in the 12-month period to March 2023.
Weekly news update
New data from the ONS shows that the UK economy flatlined in February as strikes by public sector workers weighed on growth.
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Weekly news update
On Friday, the ONS revised its Q4 2022 data showing that the UK economy performed better than previously estimated.
Weekly news update
Last Wednesday, the Bank of England’s Monetary Policy Committee (MPC) voted to increase Bank Rate to 4.25%, the highest level for 14 year.
Weekly news update
Jeremy Hunt delivered his first Budget last Wednesday, billing it as “A Budget for Growth.