As we near the deadline for Clash of the Titans entries, we thought we’d provide you with a sense of the economic outlook moving through 2023. The chart displays the 2023 GDP forecasts of several institutions. These convey a sense of pessimism, with the average forecast being -0.76%. Consensus suggests the UK will experience a […]
Summary October’s headline inflation rate of 11.1% was largely led by two groups: Housing, water, electricity, gas and other fuels, and Food. This week’s chart assesses the drivers behind these groups, to judge their likely trajectory into 2023. What does the chart show? The chart shows the contribution to the overall year-on-year rate of inflation […]
Whilst high inflation has been with us since 2021, the economic atmosphere has certainly changed through the year. This week’s chart assesses Bank Rate expectations over time to see what they tell us about the economy.
Whilst efforts have been made to improve efficiency, they have often ended in failure. A coordinated and committed approach is needed to reduce reliance on fossil fuels, and lower household bills.
Summary Financial markets have been in crisis mode ever since the budget. Institutions called on the bank of England to step in, which they did, but were we ever any close to a catastrophe? This week’s chart analyses the impact that instability in the bond market had on defined-benefit pension funds. What does the chart […]
Summary When faced with the prospect of rising interest rates, some have dismissed the potential pain it will cause by arguing that rates were much higher in the 80s and 90s. This week’s chart compares the impact on living standards that high mortgage rates had on homeowners in the late 80s to the present day, […]