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Financial Times (May 10)

2024/ 05/ 11 by jd in Global News

“The UK economy has exited last year’s technical recession with faster than expected growth of 0.6 per cent for the first quarter.” This beat the BoE forecast and marked the fastest quarter-on-quarter growth since 2021. Growth was “driven by a 0.7 per cent increase in services output, suggesting stronger consumer activity as inflation fell. Manufacturing output grew 1.4 per cent, driven by car production which has grown for six consecutive quarters.”


Investment Week (April 26)

2024/ 04/ 27 by jd in Global News

“Managers have expressed confidence in the performance of sterling and its future potential, but the uncertainty surrounding the UK and global economies, as well as the upcoming general election, could pose headwinds to the asset’s performance.”


The Guardian (March 13)

2024/ 03/ 15 by jd in Global News

“The early signals show that the UK is on track to emerge from a minor recession within months, powered by a recovery in consumer spending amid resilient pay growth and receding inflation. But that isn’t to say the economy is racing ahead, or that a renaissance in living standards awaits…. The broader picture is still one of relative stagnation.”


Business Insider (February 16)

2024/ 02/ 18 by jd in Global News

“The US economy managed to shake off Wall Street’s gloomy forecasts and dodge a long-predicted slump last year — but the same can’t be said for two other members of the G7.” Both the UK and Japan entered technical recessions based on data released Thursday showing each nation’s GDP fell during both of the two last quarters in 2023.


WARC (January 4)

2024/ 01/ 05 by jd in Global News

“Quite simply, most advertisers just aren’t ready for the world that comes next.” Google has begun its six-month phase out of tracking cookies. “Nearly three-quarters (73%) of UK marketers are not well prepared for the withdrawal of third-party cookies, while a majority (58%) of global marketing leaders lack a working understanding of how changing privacy regulations will affect their work.” Google’s move “will fire the starting gun on a deep process of adaptation across the online ecosystem.”


Financial Times (December 23)

2023/ 12/ 24 by jd in Global News

“The UK economy shrank slightly in the third quarter.” Revised figures “highlight the country’s struggle to shake off its low-growth performance and raise the risk of a technical recession…. The UK economy is stuck in a lacklustre state as it struggles with high borrowing costs and the legacy of the worst inflationary upsurge for a generation.”


CNN (November 15)

2023/ 11/ 16 by jd in Global News

Since peaking above 10% in January, “UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year.” However, “Sunak’s second pledge to voters — to get the economy growing — is looking increasingly out of reach.” During the three month’s ended in September, GDP managed “zero growth… compared with the previous quarter, when it grew by a measly 0.2%.”


Reuters (September 8)

2023/ 09/ 10 by jd in Global News

“Britain’s shaky ambitions to be the ‘Saudi Arabia of wind’ now stand at a blustery crossroads. Developers had been warning for months that the UK’s latest offshore wind auction, divulged on Friday, would receive no takers. Now that it’s happened, it may spur much-need action…. The very real prospect of zero wind schemes ought to be the kick up the backside UK politicians need to make the terms more appealing.”


Investment Week (August 4)

2023/ 08/ 07 by jd in Global News

“The outlook for the UK equity market feels particularly depressed and it is not hard to see why. Even after June’s better-than-expected inflation figures, core UK inflation remains high, which suggests higher interest rates for longer. Commentators are expecting that the base rate, which at 5.25% is at its highest for over 15 years, is likely to peak around 5.75%. This would bring even more pain for mortgage borrowers and greater government borrowing costs to an already faltering economy.”


Investment Week (June 28)

2023/ 06/ 29 by jd in Global News

“Confidence in the UK meeting its legally-binding decarbonisation targets from 2030 onwards has fallen ‘markedly’, the Climate Change Committee (CCC) has today warned in a landmark report that delivers a damning verdict on the paucity of new climate action from the government over the past 12 months.” The report concludes “the government now faces a huge uphill challenge to attract the necessary green investment and get decarbonisation progress back on track this decade so as to ensure legally binding emissions targets are met.”


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