RaboResearch - Economic Research

Economic Comment

UK Budget: another missed opportunity

The Chancellor decided to stick to his guns. This is unfortunate given the weak economic outlook. The private sector is itself busy cleaning its balance sheet and the external environment remains challenging.

Economic Update

Economic Update United Kingdom

The UK GDP contracted by 0.2% q-o-q in 11Q4. On a positive note, household spending finally grew after 4 quarters of contraction. Going forward, falling inflation may result in stronger consumer spending.