The Bank of England (BoE) announced the most significant upgrade to its economic outlook for a quarter of a century this week but scope for further optimism about UK growth prospects is limited by residential mortgage costs that could soon swallow two-thirds of take-home pay for some borrowers.

May 12,2023

The UK economy contracted in March as the services sector recorded a slump amidst wet weather and ongoing public sector strikes and it will only be in the third quarter that economists expect to see a more notable recovery building.

May 12,2023

The ECB's latest interest rate hike was not required to ensure inflation falls back to the 2.0% target and its impact will result in the Eurozone's economy falling into recession.

May 4,2023

The resilience of the UK economy has taken many forecasters by surprise but risks keeping inflation higher than otherwise and over a protracted period of time, according to economists at Goldman Sachs, who say the Bank of England (BoE) is now likely to raise Bank Rate to 5% as a result. 

May 2,2023

European inflation ticked higher in April for the first time since September but the more closely watched measure of core inflation edged lower in a Eurostat report that has uncertain implications for European Central Bank (ECB) monetary policy ahead of Thursday's interest rate decision. 

May 2,2023

Bank of England (BoE) Chief Economist Huw Pill caused controversy this week when saying everybody must accept being poorer due to inflation but this wouldn't have been so if he also explained how inflation risks taking food directly from the plates of people in some of the world's very poorest countries. 

April 28,2023