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 […]
This week’s chart examines the main taxes in the UK, assessing the extent to which they can be seen as progressive or not.
These statistics combine to emphasise the mantra that many people are choosing between “heating and eating”.
Inflation has outpaced wage growth since the end of 2021, having a significant impact on the cost of living.
Summary In the past year, people in the UK have experienced larger than normal increases in the cost of living, with some categories of goods having as high as a 14% increase. Skyrocketing gas prices are making logistics, transportation, and energy extremely more expensive. The lorry driver shortage has played a part in this and […]