Consumer confidence edges upwards – how should corporates communicate with customers to capitalise on this?
Consumer confidence in the UK has improved slightly from last month, according to the latest figures from the Growth for Knowledge (GfK) index. There are signs of a tentative optimism from consumers, as the monthly consumer confidence index recorded a seven-point improvement from -45 to -38 points amongst the public. In spite of the […]
Inflation falls from record highs, what next for the economy?
In January, inflation in the UK fell to a five-month low of 10.1%, driven by reduced oil prices and lower transport costs. It was down from 10.5% in December 2022, and a record high of 11.1% in October last year. On the face of it, this is encouraging news for UK households that have been […]
Big bang 2.0 or more of a whimper?
Liz Truss got a lot wrong but she was right that action is needed to boost the growth rate. UK productivity has risen very slowly over the past 15 years and it dictates how fast an economy can grow without fuelling inflation. Nobel Prize-winning economist Paul Krugman famously said: “Productivity isn’t everything, but, in the […]
Bank of England – Rate Rises and Recession
The Bank of England has raised UK interest rates by 75 basis points to 3.0 percent, the sharpest rise in three decades, and said further increases would be required despite predicting a long recession. The Bank forecast the economy would shrink by 0.75% in the second half of this year and continue to contract through […]