A great read covering the second quarter review of 2025 based on Bank of England, Office for National Statistics and market performance data, including –
- UK growth rate beats expectations – Second quarter data released last month by the Office for National Statistics (ONS) confirmed that UK economic growth did slow between April and June after an unusually strong expansion during the first three months of the year.
- Interest rates cut after narrow vote – On 7 August, the Bank of England (BoE) sanctioned a further quarter-point cut in interest rates, taking the cost of borrowing down to its lowest level for more than two years.
- Markets – At the end of August, the FTSE 100 and European indices faltered, with US indices also weaker, as markets digested an update on consumer inflation in the States which showed prices remained stubbornly above the Federal Reserve’s target.
- Inflation rises to 18-month high – Official consumer price statistics released last month revealed another jump in the headline rate of inflation, while survey data points to a further, more recent rise in food inflation.
- Government borrowing lower than expected – Although the latest public sector finance statistics revealed that UK government borrowing came in below expectations, the Chancellor is still expected to have to raise taxes in the Autumn Budget to meet her self-imposed fiscal rules.
Click here to access the full article.
Please note that the value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
