The UK economy on a knife edge as we enter election year

Pryce, Vicky (2024) The UK economy on a knife edge as we enter election year. Birmingham City University, Centre for Brexit Studies Blog.

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Early January 2024, election year, and the news is dominated by air strikes in Yemen as maritime trade is being disrupted, the Post office scandal and HS2 costs continuing to rise. Meanwhile, even the good news about inflation is clouding over despite record drops in grocery price inflation, recruitment demand apparently slowing down and weak retail volumes in December and over Christmas according to the British Retail Consortiumi(BRC). It is true that in Europe, annual inflation moved up to 2.9% in December from 2.4% the previous month and in the US from 3.1% to 3.4%ii. The result has been a revision of views on when interest rates are likely to start coming down with many commentators now suggesting that it won’t happen until much later in the year- possibly not until the last quarter of 2024.

Item Type: Other
15 January 2024Published Online
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise > Centre for Brexit Studies
Depositing User: Gemma Tonks
Date Deposited: 22 Feb 2024 14:59
Last Modified: 22 Feb 2024 14:59

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