Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
With the budget over, bar the inquest, attention is again turning to the health of the UK economy.
“The outlook for growth in 2026 is subdued, reflecting the impact of a cooling labour market and weak household spending. But there are pockets of strength emerging in the form of data infrastructure and green energy investment. The medium-term picture could improve further if planning reforms unlock housing delivery and uncertainty reduces for investors.
“With ongoing headwinds continuing to weigh on household activity, consumer spending is likely to remain subdued over the coming year. Although the Autumn Budget avoided front-loaded tax hikes, the decision to maintain frozen tax thresholds until 2031 means that fiscal drag will persist.”
9am GMT: Eurozone manufacturing PMI report
9.30am GMT: UK consumer credit and mortgage approvals
9.30am GMT: UK manufacturing PMI report
3pm GMT: US manufacturing PMI report
Continue reading…Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.With the budget over, bar the inquest, attention is again turning to the health of the UK economy.“The outlook for growth in 2026 is subdued, reflecting the impact of a cooling labour market and weak household spending. But there are pockets of strength emerging in the form of data infrastructure and green energy investment. The medium-term picture could improve further if planning reforms unlock housing delivery and uncertainty reduces for investors.“With ongoing headwinds continuing to weigh on household activity, consumer spending is likely to remain subdued over the coming year. Although the Autumn Budget avoided front-loaded tax hikes, the decision to maintain frozen tax thresholds until 2031 means that fiscal drag will persist.”9am GMT: Eurozone manufacturing PMI report9.30am GMT: UK consumer credit and mortgage approvals9.30am GMT: UK manufacturing PMI report3pm GMT: US manufacturing PMI report Continue reading…
