As interest rates hold steady and economic signals continue to shift, our July 2025 Economic Review offers a balanced summary of the key developments from June. Helping you stay informed in a fast-changing environment.
In this edition we cover:
- Bank of England holds rates at 4.25% – But more cuts are expected, with many economists forecasting the next reduction in August.
- Inflation steady at 3.4% – Still well above the Bank’s 2% target, keeping policymakers cautious.
- GDP fell by 0.3% in April – The biggest monthly dip since October 2023, driven by a slowdown in services and the impact of US trade tariffs.
- Retail sales slide – May saw a sharp 2.7% fall in sales volumes, with supermarkets and household goods stores reporting weak trading.
- Welfare U-turn adds fiscal pressure – A government concession on disability benefits could reduce future savings by £3bn, complicating the Autumn Budget.
Don’t miss out! Download the full report to stay ahead of the latest economic trends.
You can view previous editions of the Economic Review here.
The BBC is a great source for the latest market news.
