On a daily basis, diligent readers of financial publications consume a wide range of economic data, which act as key performance indicators regarding the state of the UK economy.
You often hear the phrase ‘the rich get richer, and the poor get poorer’ within political and economic discourse, and the UK in particular gets singled out for high levels of inequality.
It’s fair to say that last week was a turbulent one for global stock markets. The International Monetary Fund (IMF) published a Financial Stability Report on Wednesday at its annual meeting in Indonesia, and the paper struck a less-than-optimistic tone.
The decision to raise Bank of England (BoE) rates at the start of August was ostensibly one that would bring relief to hard-pressed savers.
Market sentiment towards the recent struggles of the UK high street has been unequivocally negative, which in turn has left many people wondering if this is an indicator that hard times lie ahead for the wider economy.
As is usually the case, economists are divided following the Bank of England's decision to hike interest rates by 25 basis points to 0.75 per cent on Thursday.
As the Monetary Policy Committee (MPC) prepares to assemble for next week’s August meeting, many sceptics will be feeling that familiar sense of ‘here we go again’.