Articles - UK: Going nowhere fast


 Schroders European Economist Azad Zangana comments on the economic situation in the UK in the latest Economic Strategy and Viewpoint.

 In summary:

 - The Chancellor's fourth budget felt like a case of déjà vu - growth revised down, the deficit revised up, and austerity extended for another year. However, some measures for the corporate sector could be beneficial while measures for the household sector could spur activity in construction and related retail sectors.

 - The Bank of England's target has been tweaked as a signal that the government wants more activism. However, the bank appears to be hesitant for fear of a loss of credibility as an inflation fighter, which could drive sterling even lower.

 - Finally, the labour market continues to surprise. Full-time employees are now dominating the gains in jobs, while the number of self-employed and part-time workers is falling. So are the numbers of people that are inactive. Could this be a sign that the labour market recovery is gathering momentum?

 To view the full report please click here

Back to Index


Similar News to this Story

Lift your strategic role in climate, sustainability and ESG
By collaborating more closely with sustainability teams and using data-driven insights, risk professionals can shape resilience and help protect lon
Theory to practice the first year of funding code valuations
In 2025, many defined benefit (DB) pension schemes faced a landmark moment: their first actuarial valuations under The Pensions Regulator’s (TPR’s) ne
Spotlight on fraud as trustees are urged to make the Pledge
This month marks the fifth anniversary of our Pledge to Combat Pension Scams campaign. The threat of scammers is ever-present, and trustees and admini

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.