Ey Item Club

The EY ITEM Club has more than halved its forecast for UK economic growth in 2024 – from the 1.9% growth expected in April to 0.8% now – in its new Summer Forecast, reflecting higher-for-longer interest rates and stickier inflation. Positively, the economy’s resilience so far this

Real earnings in the UK have fallen by a record 3.0%, according to the latest figures published by the Office for National Statistics (ONS). In real terms (adjusted for inflation), growth in total and regular pay fell on the year in April to June 2022 at 2.5% for total pay and 3.0% for regular pay.

Retail sales volumes fell by 0.1% in June 2022 following a fall of 0.8% in May, according to the latest figures published by the Office for National Statistics (ONS).

Gross domestic product (GDP) grew by 0.5% in May 2022, according to the latest figures published by the Office for National Statistics (ONS). However, "spiralling living costs", sharp rises in inflation and further interest rate rises on the horizon "present an uncertain forecast for people and poli

Retail sales volumes fell by 0.5% in May 2022 following a rise of 0.4% in April, according to the latest figures published by the Office for National Statistics (ONS). However, sales volumes were 2.6% above their pre-coronavirus (COVID-19) February 2020 levels.

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 7.9% in the 12 months to May 2022, up from 7.8% in April, according to the latest figures published by the Office for National Statistics (ONS).

The Bank of England (BoE) has raised interest rates again, from 1% to 1.25%, as it attempts to fight rising inflation. The bank’s Monetary Policy Committee (MPC) by a majority of 6-3, voted to increase the bank rate by 0.25 percentage points.

The Bank of England (BoE) has raised interest rates from 0.75% to 1%, in an attempt to fight rising inflation. The bank's Monetary Policy Committee (MPC) by a majority of 6-3 to increase the bank rate by 0.25 percentage points. Those members in the minority preferred to increase the rate by 0.5 perc

Inflation in the UK has hit a new thirty-year high, with prices rising by 6.2% in the 12 months to February, according to new figures published by the Office for National Statistics (ONS).

The Bank of England has increased the interest rate for the third time in four months, with rates rising from 0.5% to 0.75%. The increase means that rates are now at their highest level since March 2020, when COVID-19 lockdowns were first implemented.

Gross domestic product (GDP) bounced back in January 2022, increasing by 0.8% after falling by 0.2% in December 2021, according to the latest figures published by the Office for National Statistics (ONS).

UK gross domestic product (GDP) is estimated to have increased by 1.0% in the final quarter of 2021, according to the latest statistics published by the Office for National Statistics  (ONS).

Annual house price growth increased to 11.2% in January, from 10.4% in December, according to the latest Nationwide UK House Price Index.

Gross domestic product (GDP) is estimated to have grown by 0.9% in November 2021, according to the latest figures published by the Office for National Statistics (ONS).

The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.