Weekly Digest – 24 April 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Inflation Expected to Stabilise at 2% in 2024

Sir Dave Ramsden, the Bank of England’s deputy governor overseeing markets, has indicated that inflation is expected to stabilise at 2% in 2024, potentially signalling the possibility of interest rate cuts.

Consumer confidence reaches new two-year high amidst improving personal finances

The half-percentage-point rise in confidence in the first quarter of 2024, although marginal, marks the sixth consecutive quarter of continued improvement in consumer sentiment. This puts confidence at its highest rate in over two years, according to the latest Deloitte Consumer Tracker.

Will economic green shoots entice investors back to the UK market?

When Rishi Sunak gives assurances that the “plan is working” on the UK economy, the polls suggest that few are inclined to agree with him. However, there may be some green shoots for the UK economy. They may not emerge quickly enough to save the prime minister, but could it draw investors back to the UK market?

‘Boring’ policies will address economic challenges

New policy solutions to problems facing the UK economy will be prosaic but important, Conservative Party Forum Chair John Penrose MP told a round table this week.

Slow growth, high debt – troubled UK economy awaits election winners

Britain’s national election, expected later this year, will take place against a backdrop of persistently slow economic growth, high public debt and little room to increase spending for whoever wins power unless they raise taxes.

Manufacturing responsible for a quarter of UK’s GDP

Manufacturing is a far greater part of the UK economy than had been thought according to a new report. The True Impact of UK Manufacturing was being unveiled at MACH 2024 in Birmingham.

Prices down 3.2% in March thanks to cheaper food

Annual inflation dipped to 3.2% in the year to March 2024, its lowest level in more than two years, down from 3.4% recorded a month earlier.

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