UK Economy

Economists at Pantheon Macroeconomics estimate house prices will see a firm appreciation in both 2024 and 2025 as confidence returns to the market, but elevated mortgage costs will stop runaway gains.

UK economic activity is shifting up a gear, which, when combined with sticky inflation, means the Bank of England won't cut rates before mid-year.

Business confidence remains high, but hiring intentions have eased as the April increase in the minimum wage comes into sharper focus, particularly for the UK's smaller companies.

Consumers’ optimism about their own finances going forward has hit a two-year high.

UK retail sales were flat in February, but this was better than expected and underscores a trend of improvement that means the UK economy has exited recession.

The British Pound is under pressure despite an above-consensus retail sales report.

The British Pound will find support from news that March saw the UK economy record another solid upturn and rising inflationary pressures.

The British Pound proved remarkably resilient after UK inflation figures undershot expectations, putting the Bank of England on course to cut interest rates in the summer.

Consumer inflation expectations in the UK have fallen below their long-run average, in a sign the Bank of England is winning the fight against elevated inflation.

UK economic output has been recovering since October, according to a new study from Pantheon Macroeconomics, and all signals point to a strong first quarter outturn for the UK economy.

Current fiscal rules lack credibility, impose scant debt discipline, and allow governments to game the system. Oxford Economics proposes three solutions that would help cut government debt, boost growth, and reduce the scale of austerity that the next parliament will be forced into.

The UK economy returned to growth in January, according to monthly GDP data, which can help the British Pound stabilise from its recent slide against the Euro and Dollar.

UK wage and employment data undershot market expectations, boosting the odds of a June rate cut at the Bank of England and resulting in a broadly weaker British Pound.

The British Pound was softer on the day a much-watched survey of the UK job market confirmed an ongoing trend of cooling wage increases just a day ahead of the official ONS wage data release.

According to the British Retail Consortium, UK retail sale growth disappointed in February owing to wet weather, but economists say the outlook is brightening.

The outlook for consumers continues to brighten, say economists, following the release of the Bank of England's monthly lending figures.

Concerning news for the Bank of England's plans to cut interest rates later this year after it is reported UK businesses are "plotting a hiring spree".

According to a new analysis, the UK is locked on a trajectory to hit record taxation levels while less money will be spent per person.

Gas and electricity prices will fall 12% from April as the decline in global wholesale natural gas prices feeds through to UK households.

GfK says UK consumer confidence fell in February, but a "stable outlook for future personal finances is encouraging."