Economic Insight

Another month brings another fiscal event, but this one was accompanied by updated fiscal and economic forecasts. We’ll run through the headlines from the Autumn Statement as well as looking at how the consumer indicators are moving as we head into cost-of-living headwinds this winter.

The mini-Budget was centre stage in last month’s briefing and has continued to dominate the economic and political agenda in the past month – but with resignations, another conservative leadership contest and a new prime minister. This month’s review will look at what calmed market jitters, what we might expect from the (re-re-scheduled) fiscal statement as well as the latest developments in growth and prices.

One event has dominated the economic and political agenda in the past month – the new chancellor’s mini-budget, and its aftermath. This month’s review looks at what was actually in it, as well as the market reaction. It will also take a look at what recent revisions to UK GDP data tell us about growth through Covid-19.

There’s only one thing on most people’s minds this month and that’s a winter of unprecedented energy price rises. This month’s review takes a look at what this means for inflation, consumers and businesses.

Recent indicators signal tougher economic times ahead, not just for the UK but for the global economy. The IMF’s latest read out of the outlook suggests risks are building and surveys point to this being felt in waning business confidence. Big policy decisions lie ahead for the next UK prime minister and central bankers.

This month we take a look at the detail behind the MPC’s latest decision, what’s happening underneath the headlines of the softer GDP data and how the UK’s growth, inflation and labour market developments compare with developed world counterparts.