Whilst COVID19 was ravaging the world in 2020 & 2021, I felt there was little point in updating my quarterly UK Economy Tracker. Now the pandemic over in the UK, it’s time to see how much damage the pandemic did to the economy. Going forward, the future is very uncertain but I hope by placing the latest data in the context of the past, I can discern what pointers I should keep an eye on.
6 Nations History #2 – The men’s story so far in 2022
The 2022 Six Nations (Men’s) ended with France beating England to win their 1st Grand Slam and 6 Nations title since 2010. Ireland ran them close scoring 24 tries in all (joint 2nd highest on record) and Italy won their 1st game in 36 matches in dramatic fashion in Cardiff. England, Wales and Scotland all disappointed their fans and have questions to answer.
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6 Nations History #1 – The men’s story so far in 2021
The 2021 Six Nations (Men’s) ended with Wales winning the title after Scotland beat France in Paris to snuff out France’s attempt to win the title for the first time since 2010. Wales let a Grand Slam slip after conceding a try in injury time and as an England fan who was there at Wembley in 1999 I know exactly how the Welsh feel!
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UK Economy Tracker #7 – 2019 Q4
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.
UK Economy Tracker #6 – 2019 Q3
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.
UK Economy Tracker #5 – 2019 Q2
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.
UK Economy Tracker #4 – 2019 Q1
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.
UK Economy Tracker #3 – 2018 Q4
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.
UK Economy Tracker #2 – 2018 Q3
The headline of the third quarter of 2018 is that the UK continues to be sluggish but going in the right direction. There is no question, the economy needs a pickup soon to place itself on a stronger footing ahead of a rising probability of another recession in the near future.
UK Economy Tracker #1 – 2018 Q2
The headline of the second quarter of 2018 is the lowest unemployment rate since 1975. Economic Inactivity continues to be at record lows, inflation is falling and the budget deficit is shrinking. However, GDP growth continues to be sluggish which means our pay is stagnating and we have record levels of debt to pay off. History tells us that the odds of another recession soon will rise from now on so there is still a need to change the state of our economy.
