The UK overall is expected to see annual average GVA growth of 1.9% between 2024 and 2027 as lower inflation, a strong labour market and the prospect of interest rate reductions lay the foundations for a return to historical levels of growth. London and the South East are forecast to achieve...
Mortgage interest rates in the UK were on a downward trend for more than a decade before soaring in 2022. In the second quarter of 2024, the average weighted interest rate stood at 4.8 percent - nearly three times the Interest rate in the fourth quarter of 2021. Mortgage rates alsovary de...
Decision‐Based Forecast Evaluation of UK Interest Rate Predictabilitydoi:10.1002/FOR.2369Kavita SirichandStephen G. HallWiley
After its latest rate cut, the BoE said future loosening would be gradual and forecast inflation would stay above its 2% target until early 2027, partly because of stimulus in the new Labour government's first budget and a higher minimum wage. ...
The gross national savings rate in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 0.5 percentage points.
Plans assume that foreign aid spending will remain around 0.5% for the forecast period. Energy firms to face expanded windfall taxes Hunt confirmed that from Jan. 1 until March 2028, the energy profits levy will increase from 25% to 35%, while a new te...
Later, the FOMC Meeting Minutes will be released at 19:00 UTC, providing detailed records of the latest meeting’s discussions, crucial for gauging future interest rate decisions. On the European front, Germany’s 10-year Bond Auction figures are tentatively awaited, with a forecast o...
The seat forecast shows how the national share of the vote has "moved decisively against the Conservatives," he said. "Support for the Conservatives is falling much more heavily in places where they are trying to defend a seat than it is in places that Labour already hold," he said. ...
UK interest rates Bank of England cuts interest rates to 4.75% Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecast November 6 2024 J D Wetherspoon PLC JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget ...
Other forecasters also expect the final set of official figures for 2023 to confirm it was a year with little economic growth. Last week the Bank of England estimated that the economy flatlined in the final quarter of the year and projected that GDP would expand by just 0.25 per cent in ...