News in Review
OECD projects a global slowdown, while UK retirees see relief from falling energy costs. New pension reforms aim to boost savings outcomes. Meanwhile, the upcoming Spending Review will raise NHS and defence budgets, despite tight fiscal constraints.
News in Review
The International Monetary Fund (IMF) upgraded the UK’s 2025 growth forecast, signalling recovery. The government will double large pension funds by 2030, aiming for stronger returns. Retail confidence has slumped, with falling sales and weak consumer demand challenging the sector.
Economic Review – May 2025
Our latest Economic Review looking back on May includes – UK economy grew 0.7% in Q1 2025, beating forecasts. The BoE cut interest rates despite inflation rising to 3.5%. Meanwhile, jobs data showed softening.