Monthly Economic Review newsletter – available now!

Our latest Economic Review magazine is available now.

This month’s Economic Review includes:

  • Revised projections released last month by both the Bank of England and International Monetary Fund suggest the UK economy is now set to avoid #recession this year. The BoE’s latest forecast predicts the economy will grow by 0.25% across the whole of 2023, a significant upgrade from February’s prediction of a 0.5% contraction
  • Following its latest meeting, which concluded on 10 May, the BoE’s nine-member Monetary Policy Committee (MPC) voted by a 7-2 majority to raise Bank Rate by a further 0.25 percentage points. This was the 12th consecutive increase, taking rates to 4.5%, their highest level in almost 15 years
  • Official retail sales statistics showed a slightly stronger-than-expected increase in sales volumes during April while survey evidence points to modestly rising levels of optimism within the retail sector
  • The latest batch of labour market statistics from the Office for National Statistics suggests a further softening in the jobs market with a rise in the rate of unemployment and another fall in the number of job vacancies.

You can view previous editions of the Economic Review here.

The BBC is a great source for the latest market news.

Meet the Team: Karen Gorbutt

Friendly, patient and down-to-earth, Karen Gorbutt puts clients at ease with her caring, no-pressure approach. She takes time to listen and explain...

Scam Watch: How to Stay One Step Ahead of Online Fraudsters

At Citrus Financial, protecting our clients’ financial wellbeing means more than just good advice. It also means keeping you informed and safe...

Could We See an August Rate Cut? Citrus Bites Breaks Down the Latest Signals

The Bank of England has once again held interest rates at 4.25% . The question is, for how much longer? In the latest episode of Citrus Bites, host...

Stay in the loop

SUBSCRIBE TO OUR MONTHLY NEWSLETTER