Category archives: News in Review

“There is an encouraging downward path of inflation in our central projection” Last week, the Bank of England’s (BoE) Monetary Policy Committee (MPC) voted by a majority of seven to two, to increase Bank Rate by 0.5 percentage points to 4%, its highest level for 14 years. The two committee members who opposed the half-point […]

“The UK is poised to play a leading role in Europe and across the world in the growth sectors which will define this century” Last Friday, Chancellor Jeremy Hunt outlined his long-term vision for how to boost UK economic growth. This plan is based on four pillars which Mr Hunt said are “essential for any […]

“The beginning of a sign that a corner has been turned” Data released last Wednesday revealed that UK inflation slowed for a second consecutive month, though prices still rose by 10.5% in the year to December. The small drop, down from 10.7% in November, came despite food prices soaring to their highest level since 1977 […]

“Pubs and bars… did well as people went out to watch World Cup games” Good news came on Friday, when the latest data release from the Office for National Statistics (ONS) showed that UK monthly real gross domestic product (GDP) was estimated to have increased by 0.1% in November. Beating expectations of around 0.2% economic […]

“I want to make a simple commitment: this government will always reflect the people’s priorities” Last Wednesday, Prime Minister Rishi Sunak made his first major speech of the year, setting out five key goals on which he insisted voters should hold him to account. In a wide-ranging set of promises, Mr Sunak committed to halving […]

“For hard-working families facing today’s challenging economic conditions, it’s right that we continue to help them secure their first home or move into their dream house” The government has confirmed the extension of the Mortgage Guarantee Scheme by one year to the end of December 2023. Positive news for people with 5% deposits, the scheme […]