United Kingdom Banking

United Kingdom (UK) Financial Advisors 2023 Summary This report discusses the key trends shaping the UK's financial and investment advice space over the course of 2023 and beyond. It covers the size and growth of the financial advice market (including profitability), merger and acquisition activity, ...

Macro - Weekly Briefings - United Kingdom December's modest uptick in UK inflation was largely driven by one-off and temporary factors. While we'll probably see a further rise in January, all the major components will be pushing inflation downwards by the spring. We think that inflation is s ...

Macro - Weekly Briefings - United Kingdom The impact of higher interest rates on the UK housing market remained apparent in the latest data on mortgage lending. Though mortgage approvals picked up a little from recent lows, a sustained rebound in housing activity looks unlikely given mortgage afford ...

Macro - Weekly Briefings - United Kingdom Changes to the measurement of UK jobs numbers have made reading the economy harder. New experimental data from the ONS suggest the labour market did not weaken as much over the summer as previously thought. But with like-for-like comparisons with earlier per ...

Macro - Weekly Briefings - United Kingdom Though output was boosted in August by less disruption from public sector strikes, UK GDP is on course to be flat or, more likely, fall slightly in Q3. The bigger picture is that the brief rebound in activity that we saw at the start of the year has since pe ...

Macro - Weekly Briefings - United Kingdom Large revisions to national accounts data suggest that the UK's post-pandemic recovery was better than previously thought, with a much stronger contribution from the services sector. An upgrade to Q1 2023 is likely to mean that we nudge up our forecast f ...

United Kingdom (UK) Pensions Market Size, Trends, Competitive Landscape and Forecasts to 2027 Summary The UK pensions market expanded strongly in 2022, recording a 10.6% rise to reach GBP15.4 billion in annual premium equivalent (APE). Work-based pensions achieved a very strong growth rate of 23.6% ...

Macro - Weekly Briefings - United Kingdom The latest UK economic data present the MPC with a quandary in advance of next week's interest rate decision. The previous resilience of the labour market appears to be steadily eroding and there's been more evidence of waning economic momentum. ...

Macro - Weekly Briefings - United Kingdom This week's business surveys suggest that the UK economy is continuing to lose momentum, with the composite PMI's sharp fall into contractionary territory particularly concerning. Though there's a good chance that GDP will still increase in Q3 du ...

Macro - Weekly Briefings - United Kingdom This week's UK business surveys suggested that activity is beginning to falter across a range of sectors. Though GDP will be boosted in Q3 by the reversal of recent idiosyncratic drags, the surveys raise the risk that the rise in output could underwhelm ...

Macro - Weekly Briefings - United Kingdom UK financial conditions have continued to tighten, with market pricing now implying that Bank Rate will peak at 6.5%. Though this will probably prove a bit too aggressive, with incoming data continuing to suggest that wage growth is very strong, a lengthy pe ...

G8 Countries Banks Market Summary, Competitive Analysis and Forecast to 2027 Summary The G8 Banks industry profile provides top-line qualitative and quantitative summary information including: industry group size (value 2018-22, and forecast to 2027). The profile also contains descriptions of the le ...

United Kingdom (UK) Retail Savings and Investments Market Summary, Competitive Analysis and Forecast to 2027 Summary Retail Savings & Investments in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forec ...

Macro - Weekly Briefings - United Kingdom The UK labour market release for Q1 reported a slightly higher outturn for unemployment than the BoE's forecast, while wage growth was in line with expectations. Given the MPC has said that further rate hikes would be dependent on key data surprising on ...

United Kingdom (UK) PESTLE Insights - A Macroeconomic Outlook Report Summary According to GlobalData estimates, in 2022, financial intermediation, real estate and business activities contributed 34.1% towards GVA, followed by mining, manufacturing and utilities (12.9%), and wholesale, retail, hotels ...

Macro - Weekly Briefings - United Kingdom Another rise in UK Bank Rate at May's meeting had long appeared to be a done deal, so the real interest was in what clues the MPC would offer about future policy moves. While the committee left the door open to raising rates further, we think May's h ...

Macro - Weekly Briefings - United Kingdom If there was ever any doubt that the MPC would raise Bank Rate at next week's meeting, this week's UK data quickly dispelled it. Further evidence of strengthening activity – particularly in consumer-facing sectors – and inflation persistence mean the ...

United Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2022 Update Summary This report discusses the bancassurance landscape for UK commercial and personal insurance. The SME market is discussed, with due consideration given to smaller businesses and their comparatively simpler i ...

United Kingdom (UK) Financial Advisors Market Size, Trends and Analysis by Financial Advice Firms and their Customers, Opportunities and Threats, 2023 Update Summary The UK’s financial advice market has performed strongly following the initial impact of the COVID-19 pandemic, with average revenues a ...

Macro - Weekly Briefings - United Kingdom The UK economy stagnated in February, disappointing expectations. But continued strike action played a likely temporary role in the weak performance, and upward revisions to earlier data means GDP probably still rose modestly in Q1. ...

United Kingdom (UK) Term Assurance Distribution Dynamics and Future Market, 2022 Update Summary This report explores consumer purchasing behaviors and preferences for term assurance. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next f ...

United Kingdom (UK) Banks Market Summary, Competitive Analysis and Forecast to 2027 Summary Banks in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descript ...

Macro - Weekly Briefings - United Kingdom A hawkish speech from Huw Pill emphasised that May's MPC meeting is very much live. Pill talked about needing to "see the job through", suggesting he's swaying towards voting for another 25bps hike, though he also emphasised there was alrea ...

Macro - Weekly Briefings - United Kingdom The BoE raised Bank Rate by 25bps to 4.25% this week. With so much monetary tightening already in the system, but still to feed through into activity or inflation, we think Bank Rate has now peaked. However, the risk of a May rate hike has risen. ...

Impact of COVID-19 on the UK Economy UK is the fifth-largest economy around the globe and second largest economy in Europe, with a GDP of $2.74 trillion in 2019, as per the International Monetary Fund (IMF). As per the UN (United Nations), the population of the country was around 67 million in 2019, ...