June Economic Update: Download the Latest Economic Review

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.

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.

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