The risk now is that initial positive market reactions wane over the next few days and weeks as more details from this complex budget become clearer. … READ MORE >
United Kingdom
RSM UK’s outlook for 2026: Fiscal contraction brings short-term pain
A large fiscal contraction combined with weak consumer confidence and sagging business sentiment means we expect growth of only 0.8% in 2026. … READ MORE >
UK financial conditions provide tailwind amid fiscal uncertainty
Financial conditions in the UK imply a solid tailwind for growth from the financial sector even as uncertainty over fiscal policy weighs heavily on the real economy, where hiring has slowed. … READ MORE >
Market Minute: UK financial conditions are supportive of growth
The RSM UK Financial Conditions Index stands at 1.4 standard deviations above neutral, which is providing a strong tailwind behind domestic economic activity. … READ MORE >
Risk in UK financial markets eases ahead of new government
U.K. financial markets continue to price in higher levels of risk into the value of holding securities but appear on the verge of turning the corner, RSM’s proprietary data shows. … READ MORE >
RSM UK Financial Conditions Index implies rising risk of instability
The RSM UK Financial Conditions Index is warning of a dramatic increase in credit risk that, along with the depreciation of sterling, has the potential to derail commercial activity. … READ MORE >
Confusion has its cost: RSM UK Financial Conditions Index shows growing drag
Financial conditions are tightening noticeably as credit spreads widen, all of which will constrain overall economic activity. … READ MORE >
European energy crisis: A quandary with no good policy options
Short-term price caps as the best way—or, put more accurately, the least bad way—to mitigate the price shocks of the energy crisis in Europe and to prevent wider declines in aggregate demand. … READ MORE >
RSM UK launches Middle Market Business Index
RSM UK on Tuesday launched the Middle Market Business Index (MMBI), the first of its kind index to focus solely on middle market businesses in the UK. The index follows the development of a similar reading — the RSM US Middle Market Business Index — in the United States, which has been active for more than five years, and demonstrates RSM’s increasingly global understanding of middle market business trends. … READ MORE >
RSM UK Financial Conditions Index: Holding steady
Financial conditions in the UK remain accommodative, signaling confidence that the policies of the monetary and fiscal authorities have created the framework for a sustained economic recovery. … READ MORE >