The British economy is walking a precarious tightrope, a reality more daunting than one might imagine. After weathering two consecutive, costly, and damaging crises, the UK now carries an unprecedented debt burden. When compared to other major advanced economies, the UK's national debt has swelled the most since the onset of Covid-19.
Music has a unique power to transcend borders and bring people together, and nowhere is this more evident than in the UK's vibrant festival season. Last year, over 19 million music enthusiasts descended upon the country, contributing a staggering £8 billion to the local economy. Let's delve into the rhythm of this phenomenon with Tom Keel, CEO of UK Music.
In the heart of the financial world, a growing concern looms over the Euro Zone's economy. The latest PMI Data reveals a slowdown in business activity, coinciding with lackluster results from several European companies. What does this signify for the region's businesses and consumers? Let's explore this and more with Zoe Gillespie, an investment manager at RBC Brewin Dolphin.
The recent release of June retail sales data in the UK has left many experts and analysts scratching their heads. According to official figures, sales volumes dropped by 1.2% last month, following a 2.9% rise in May. This was a much larger fall than predicted by Reuters' poll. So, why do British consumers seem unwilling to spend? Is the UK economy really in trouble, or is there more to this story than just a bit of rain?