Back in Action

A Labour landslide brings added certainty to the political environment and creates a platform for the new Government to take-on some of Britain’s longstanding productivity challenges. As work begins on the ‘mission’ of boosting growth, UK inflationary pressures continue to ease, despite lingering concerns. Growing consumer confidence is reflected in a return to lower savings and an uptick in unsecured borrowing, alongside robust mortgage lending and stable housing market. In the US, the job market cools slightly and the PMI shows mixed signals. The Eurozone sees a modest dip in inflation, potentially paving the way for more rate cuts.