Quilter Investors’ Post

The UK economy has unexpectedly flatlined for a second month in a row, according to a recent article from The Guardian. While the country expected an upturn following Labour’s election into government in July, it seems it will take longer to change direction to an upward trajectory. Expert economists believe a rate cut by BoE is unlikely this week but will remain unchanged in September. Businesses should be prepared for continued uncertainty in the meantime and remain proactive and adaptable in order to remain successful. To find out more about the current expectations, read the article in full here: https://lnkd.in/eu4wGk7B #bankofengland #ukeconomy #economy #interestrates #labourparty #ukgovernment #businesschallenges

UK hopes to see it's economic growth accelerate in 2024 and 2025. Despite the notification of a 'technical recession' for the second half of 2023, the annual growth is still yet to be annouced. The BoE upgraded it's forecast for 2024 growth, which it now says will be 0.25% - up from it's previous prediction of zero growth. It forecasts 0.75% growth for 2025. In February, the OECD forecast even stronger UK economic growth in 2024 at 0.7%. The GDP figures follows UK inflation data published on Wednesday which showed price growth at 4% in January, lower than forecast earlier in the month by the bank of England.

https://lnkd.in/gRWEVGVH https://lnkd.in/gRWEVGVH Good news for the UK economy! Growth has exceeded expectations, signaling a recovery since the pandemic. Chancellor Jeremy Hunt is optimistic about the UK's economic outlook, highlighting rising wages, falling energy costs, and tax cuts for workers. #ukeconomy #economy #Unitedkingdom #uknews

UK Economy Contracts in July 2024: What’s Next? 📉 The UK economy saw a contraction of 0.5% in July, driven by declines in manufacturing and construction. While the numbers reflect short-term challenges, there’s hope for recovery in the second half of the year, especially if inflation continues to ease and energy costs stabilize. For businesses and investors, understanding these fluctuations is key to making informed decisions in an unpredictable economic landscape. How will this impact the broader European market and global investors? Now’s the time to keep a close eye on key trends. 🔍 #UKEconomy #EconomicGrowth #GlobalMarkets #Finance #Investment #BusinessStrategy #EconomicTrends #Manufacturing #Construction https://lnkd.in/e2kKwzjv

The UK is no longer in recession, with the economy growing at its fastest pace for two years. UK GDP grew by 0.6% in January to March 2024, according to figures from the Office for National Statistics – a rate of growth that was stronger than expected and followed two consecutive quarters where economic output had shrunk. The biggest contributions to economic growth came from sectors including transport and storage, health and social care, retail, and scientific and technical activities. https://bit.ly/3WCCKw6 #ReedTalentSolutions #Economy #Logistics #Scientific #Health

UK economy returns to growth ahead of Rachel Reeves’ first Budget, in a boost for Chancellor Rt Hon Rachel Reeves prior to the Autumn Budget. Figures published this morning by the Office for National Statistics (ONS) showed that GDP rose 0.2 per cent in August, in line with economists expectations. All main sectors of the UK economy grew over the last month. The services sector rose 0.1 per cent, while production and construction grew 0.5 and 0.4 per cent, respectively. Despite recent downward revisions, the UK was among the fastest growing economies in the G7 in the first half of 2024. The UK’s surprising economic strength came thanks to an improving picture on the supply side as well as a recovery in consumer spending power. #wagesandsalaries #economy #costofliving #employmentlawuk via City AM

‘Sigh of relief’ for Labour as UK economy returns to growth in August, but trade deficit widens – business live https://lnkd.in/dYHSDeGC “After two months of stagnant growth, and downward revisions for previous quarters, UK GDP has finally shown some growth, despite the lack of summer sunshine. GDP increased by 0.2% on the month, helping the economy bounce back after a difficult period. While growth remains sluggish and momentum appears to be stalling, this figure will provide a sigh of relief for the new Labour administration after a difficult start to life in government. However, given the mandate it has to deliver economic growth and wealth creation, it will need to build on this progress. Click the above link for details. #FinancialPlanning

The UK is no longer in recession, with the economy growing at its fastest pace for two years. UK GDP grew by 0.6% in January to March 2024, according to figures from the Office for National Statistics – a rate of growth that was stronger than expected and followed two consecutive quarters where economic output had shrunk. The biggest contributions to economic growth came from sectors including transport and storage, health and social care, retail, and scientific and technical activities. https://bit.ly/3WCCKw6 #ReedTalentSolutions #Economy #Logistics #Scientific #Health

The UK is no longer in recession, with the economy growing at its fastest pace for two years. UK GDP grew by 0.6% in January to March 2024, according to figures from the Office for National Statistics – a rate of growth that was stronger than expected and followed two consecutive quarters where economic output had shrunk. The biggest contributions to economic growth came from sectors including transport and storage, health and social care, retail, and scientific and technical activities. https://bit.ly/3WCCKw6 #ReedTalentSolutions #Economy #Logistics #Scientific #Health