What is going on in the UK economy? An interpretation of the economic data over the summer

Triumph or disaster? In terms of the UK economy, it could be either depending on who you believe and what newspapers you read. Here’s a round-up of the data so far, as of the second week in September. But of course everything could change in the weeks and months ahead. But if the government manages to set out a clear path and provide some certainty at least as to what is known and what is unknown, that will help everyone. Read more here

One uncertainty swapped for another – UK economy update

In the run up to the referendum on 23rd June, business confidence fell a little compared to the previous two years as decision-makers felt a sense of unease simply due to the uncertainty that came from such a large economic policy decision looming on the horizon. Immediately following the result the economy skipped a beat: the survey evidence in July was pretty dire. However the August confidence data is not dissimilar to the pre-referendum levels. Businesses have basically swapped the uncertainty they felt around the referendum result for the uncertainty as to what it means. Read more