The stronger-than-expected 0.4% m/m rise in GDP in May (consensus forecast 0.2%, CE forecast 0.3%) will be welcomed by the new Chancellor after announcing earlier this week that she will make kickstarting economic growth a “national mission”. Indeed, it suggests the government may benefit from the economic recovery being stronger than most forecasters anticipate.
We're holding a 20-minute online briefing a day after the June CPI report and soon after May’s Labour release (9.30am BST on Thursday 18th July) to discuss whether the Bank of England will cut interest rates at the August policy meeting. (Register here.)
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