Royal London announces major new charity partnership with Cancer Research UK aimed at tackling cancer inequalities Royal London, the UK’s largest life, pensions and investment mutual, has announced a new £1.2 million charity partnership with Cancer Research UK tackling cancer inequalities [1]. The partnership will... 24 May 2023
UK GDP: Still sluggish Commenting on this morning’s UK GDP data Melanie Baker, Senior Economist at Royal London Asset Management, said: “This is still a prolonged stretch of sluggishness for activity growth in the UK. GDP rose... 14 June 2023 by Melanie Baker
More strong inflation…and a stronger case for 50bp from the BoE Commenting on the Consumer Price Index (CPI) published today Royal London Asset Management’s Senior Economist, Melanie Baker, said: “The strong May inflation data will reflect a number of factors and there... 21 June 2023 by Melanie Baker
Tough news for consumers Commenting on the Bank of England’s decision to raise interest rates to 0.5%, Melanie Baker, Senior Economist at Royal London Asset Management said: “Alongside prospects of steeply rising utility bills... 03 February 2022
UK inflation: pressure on Bank of England for rate rise Commenting on this morning’s UK CPI inflation data, Melanie Baker, Senior Economist at Royal London Asset Management said: “The pressure is building for another rate rise from the Bank of England in February.... 19 January 2022
CPI rises yet again: with little to ease Bank of England concern Commenting on this morning’s latest ONS figures on inflation, Melanie Baker, Senior Economist at Royal London Asset Management said: “CPI remains a very long way above the Bank of England’s 2% target,... 20 July 2022
BoE: More hikes to come, but no clear path Commenting on The Bank of England interest rate, Melanie Baker, Senior Economist at Royal London Asset Management said: Despite forecasting a recession, the Monetary Policy Committee (MPC) are sounding... 04 August 2022
50bp Hike... For today at least Commenting on The Bank of England interest rate, Melanie Baker, Senior Economist at Royal London Asset Management said: “The Committee want to wait until November to fully digest the impact of fiscal changes.... 22 September 2022
Lower yields help to reduce pension turmoil, but strength of reaction may be tempered by concerns over political stability – Trevor Greetham New Chancellor Jeremy Hunt has reversed almost all of the tax cuts originally announced in his predecessor’s mini budget, limited the degree of energy help beyond April 2023 and committed to further difficult... 17 October 2022
Liz Truss is the overwhelming favourite to win the Conservative Party leadership election Liz Truss is the overwhelming favourite to win the Conservative Party leadership election when the results are announced later today. Commenting on the challenges facing the new Prime Minister, RLAM Head... 05 September 2022
Investors should prepare for a bumpy ride - Trevor Greetham Commenting on the UK government’s fiscal event, RLAM's Head of Multi Asset Trevor Greetham said: “Action to help struggling households and businesses pay their heating bills this winter was essential,... 23 September 2022
Gilt market questions how the Downing Street 'magic money tree' will be funded - Craig Inches Commenting on the UK government’s mini budget, RLAM Head of Rates and Cash, Craig Inches, said: “The gilt market had only one focus on the mini budget this morning and that was how will the Downing Street... 23 September 2022
Market reaction to UK Prime Minister resignation Commenting on the resignation of the UK Prime Minister Liz Truss, RLAM Head of Multi Asset Trevor Greetham said: “Market reaction to Liz Truss’s resignation has been very muted. It isn’t a great surprise... 20 October 2022
Market reaction to the new Prime Minister Commenting on the new UK Prime Minister Rishi Sunak, RLAM Head of Multi Asset Trevor Greetham said: “Rishi Sunak becomes Prime Minister at a time of high inflation and great economic uncertainty. While... 25 October 2022
BoE hike 75bp, but how much more to go? Commenting on The Bank of England interest rate, Melanie Baker, Senior Economist at Royal London Asset Management said: “The MPC (Monetary Policy Committee) signalled that more interest rate rises were... 03 November 2022