Our monthly economic review is intended to provide background to recent developments in investment markets as well as to give an indication of how some key issues could impact in the future.
Overview
BANK OF ENGLAND REINS IN BANK LENDING
COUNTRY’S BUDGET DEFICIT FALLS IN MAY
MARKETS
SURVEY SHOWS UK BUSINESS CONFIDENCE REMAINS BULLISH
UK INFLATION RISES TO 2.9%
The wider Consumer Prices Index including owner occupiers’ housing costs (CPIH) which is not a national statistic, rose to 2.7% for the 12-month period to May 2017, its highest level seen since April 2012. This also represents a marginal increase from the previous figure of 2.6% in April 2017 and reinforces the continuing upward march of inflation.