Tag Archives: UK economy

Autumn Statement 2023

autumn statement

Earlier today, Chancellor Jeremy Hunt delivered the Autumn Statement 2023. He began by stating that the economy had performed better than expected and that “real” income had increased. As a result, he announced 110 measures in the Autumn Statement that aim to drive growth.  We were thankful that he did not go into each and […]

What’s happening to the UK Economy?

It’s been some time since we saw a weakness in the UK job market.  But this week we received news from the Office for National Statistics (ONS) that unemployment rose slightly to 4.2% (from 4%) in the three months to August 2023. So, what’s happening to the UK economy? The ONS explained that the figures […]

Mini Budget 2022

The new Chancellor Kwasi Kwarteng revealed his first budget on Friday 23rd September.  Whilst many of us were expecting some tax breaks nobody had predicted the biggest tax cutting budget since 1972. The tax cuts and other incentives in the budget are directed towards growing the UK economy. The government is targeting a 2.5% growth […]

High Interest Rates and Rising Inflation – What should you do next?

The Bank of England increased interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in the last quarter of 2022. So, with high interest rates and rising inflation what should you do next? The Bank believes that increasing interest rates at a faster rate will mean spending will be controlled. […]