Economic Review – December 2025

Economic Review

In our latest Economic Review for December – the Bank of England (BoE) warn further reductions were likely to become a closer call,analysts suggest uncertainty ahead of the Budget affected growth, negatively impacting both consumer and business spending levels and retail conditions remain challenging. 

Key takeaways: 

    • “We still think rates are on a gradual path downward… how much further we go becomes a closer call”
    • The BoE Governor recently warned about the impact AI could exert on employment
    • ONS statistics show retail sales volumes fell 0.1% in November, below analysts’ expectations

Economic Review


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