The big question now is whether the Bank of England will go ahead with another interest rate hike at its next meeting in September, bringing the rate to 5.5 per cent.
The Bank of England brought out its big bazooka today, hiking interest rates higher than expected.
Despite Olaf Scholz’s optimism, Germany has entered recession.
So far, this year has not proved quite as challenging as expected. And sterling has been the best-performing developed world currency in 2023.
Jeremy Hunt has laid out his fiscal agenda as the OBR predicts the UK will avoid recession this year.
Low inflation twinned with high growth remains the holy grail. But domestic wage pressures are throwing a spanner in the works.
Monetary tightening, high inflation, supply chain issues and energy costs are all putting a dampener on growth prospects.
The National Institute of Economic and Social Research has forecast mild growth in every quarter next year, bucking the pessimistic trend.
Daily Briefing: Lurking behind the economic forecasts, as ever, are energy prices, sent into orbit following Russia’s invasion of Ukraine and now falling back substantially.
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