Economy, Interest Rates & Government Policy News

Brexit, Budget announcements, Bank of England rate decisions, GDP/growth, employment, wages and tax policy.

Hammond Announces His First & Last Autumn Statement

By Danny Lord | Published: 23.11.2016

Chancellor Philip Hammond has finished announcing his first Autumn Statement, during which, among other things, he revealed that he would be abolishing the Autumn statement itself. “This is my first...

Sterling Drop - What Does it Mean for You?

By Danny Lord | Published: 18.10.2016

The value of the pound has been falling fairly consistently over the past couple of months, with a particular sharp drop in the last week, but what does this mean for you and your money?Shopping One...

IMF Overstated Effects of Brexit, But Still Warns of Incoming Risks to Stability

By Danny Lord | Published: 06.10.2016

The International Monetary Fund has admitted that it may have been too pessimistic in its assessment of the the fallout immediately following the Brexit vote, but still warns of “medium-term” risks to...

July Sees Slight Drop in Unemployment But Also in Wage Growth

By Danny Lord | Published: 15.09.2016

The latest report from the Office for National Statistics showed that in the month following the EU referendum, wage growth fell, but other metrics showed and otherwise broadly resilient labour...

UK Services Sector Bounces Back from Post-Referendum Slump

By Danny Lord | Published: 06.09.2016

The latest Markit/CIPS Services PMI shows the sector recovering strongly after a sharp contraction in the immediate aftermath of the EU referendum. The headline business activity index was at 52.9 in...

UK Employment Levels Reached Record High in June

By Danny Lord | Published: 18.08.2016

The ONS’ latest UK employment figures covering the three month period in the run up to the EU referendum show positive movement, with the employment rate at its highest since records began in 1971....

Sharp Economic Contraction Makes UK Rate Cut a ‘Foregone Conclusion’

By Danny Lord | Published: 04.08.2016

Following the latest Markit/CIPS report that showed the British economy to be shrinking at its fastest rate in 7 years, analysts are describing a rate cut this Thursday as a “foregone conclusion”. The...

UK GDP Growth in Q2 Beat Expectations

By Money Expert | Published: 27.07.2016

Despite concerns that consumer confidence and economic activity had fallen in the run up to the EU referendum, the latest data from the ONS shows that UK GDP growth in Q2 was higher than predicted....

G20 Discuss Global Impact of Brexit Vote

By Money Expert | Published: 25.07.2016

G20 leaders have warned that the outcome of the recent referendum on the UK’s EU membership has increased the risks faced by the global economy, following a meeting in China. The new Chancellor of the...

Latest PMI Survey Points to Economic Downturn

By Danny Lord | Published: 22.07.2016

The latest Markit/CIPS PMI survey looks to spell bad news for the UK economy, signalling the sharpest drop in activity since early 2009.This Markit/CIPS survey, which tracks movement in the...