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Articles by Kabir Seehra
H2 2024 UK Economic and Consumer Forecast: The Autumn Budget and its Long-term Impact on the UK Consumer and Economy
Section 01: Executive Summary This week, Chancellor Rachel Reeves delivered Labour’s first budget in 14 years, kickstarting the age of big spending by government. The Labour Government embarked on a bold new strategy in this week’s Budget. Against a backdrop of low growth and lower fiscal revenues, Chancellor Rachel Reeves set out a Budget that significantly increases the tax burden on all businesses and many workers.
H2 2024 UK Economic and Consumer Forecast
Section 1: Executive Summary UK economic growth, falling inflation and wage growth have resulted in the recovery of household finances above 2021 levels. However, structural services inflation and higher interest rates present risks to sustained further consumer spending growth.
2024 UK Economic and Consumer Forecast
Executive Summary Falling inflation and upward wage pressure are resulting in household relief after two years of real wage decline. However, continued pressure from mortgage rates and debt accumulation means we expect consumer spending to remain suppressed. 1: Slow growth and recessionary pressure are causing the UK labour market to soften after two years of tight supply and rising demand following COVID.
UK Economic Forecast: A Consumption and Confidence-Led Recession with the Potential for a Housing Crisis
Due to a series of factors – ranging from the long-term impacts of the pandemic to the ongoing effects of the conflict in Ukraine – the UK is currently exposed to a unique range of economic pressures. For the first time in 30 years, the country is operating in a high-inflation environment, which, save for recent government intervention, would have seen rates as high as 16% in October 2022. For many consumers, this is the first time they have experienced a high-inflation environment.
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