Stay Informed: Download Our Latest Economic Review
As the UK economy continues to balance growth, inflation, and interest rate uncertainty, our June 2025 Economic Review provides a clear summary of what happened in May , and what may lie ahead.
In this edition we cover:
- Growth beats expectations – The UK economy grew by 0.7% in Q1, the strongest quarterly performance in two years, driven by services and business investment.
- Rates down, inflation up – The Bank of England cut interest rates again to 4.25%, but inflation jumped to 3.5%, fuelling debate about the pace of future cuts.
- Retail resilience continues – Sales rose 1.2% in April, with sunshine boosting demand. Consumer confidence is improving, despite mixed signals from retailers.
- Job market cooling – Vacancies and payroll numbers are down, and unemployment has ticked up to 4.5%, indicating some slack in the labour market.
- Cautious optimism ahead – The IMF upgraded the UK’s 2025 growth forecast to 1.2%, but global trade tensions and inflation risks remain key concerns.
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You can view previous editions of the Economic Review here.
The BBC is a great source for the latest market news.