The weather in the UK for November 2019 was completely unremarkable in all respects. It would be nice to have something unusual to report for a change!
The mixed picture for the UK economy continued in Q3. GDP growth is now at its lowest level since the 2008/9 recession but unemployment and inflation continues to be good. The low level of growth though continues to be a drag on government finances.
The weather in the UK for October 2019 was completely unremarkable in all respects. It would be nice to have something unusual to report for a change!
The weather in the UK for September 2019 was unremarkable in all respects.
The UK experienced a warm and wet August this year. Rain intensity was the 4th highest on record which was similar to what was experienced in June & July thus making the 2019 summer the 2nd most stormy summer on record after 2007.
Q2 was a mixed picture for the UK economy. Quarterly GDP fell for the first time since whilst Economic Inactivity fell to record lows and Wage Inflation was the highest since the 2008 recession.
The UK set a new record for maximum temperature of 38.7 degrees in Cambridge on 29th July. Other than that, the UK weather was unremarkable for the month overall, other than being warmer than normal. This goes to show that whilst individual days can be remarkable, it is rare that this is sustained.
The Met Office began the month with forecasts of a really cold June and ended the month talking about heatwaves. This meant June ended up being unremarkable on average.
May 2019 set a new record though you might not have known as the month seemed unremarkable. In fact it was the most “average” May on record across all weather variables!
It’s taken 10 years but the UK is finally experiencing true wage growth that outpaces inflation. With employment and economic activity at record levels, the UK economy should be in good shape but the basic problem of low growth is still there. Our economy still needs to place itself on a stronger footing ahead of a rising probability of another recession in the near future.