The decline in COVID-19 cases and deaths is creating preconditions for what we expect to be a robust three-year economic recovery in the United Kingdom. This is captured by the recent improvement in domestic financial conditions to just under one standard deviation above neutral. … READ MORE >
United Kingdom
RSM UK Financial Conditions Index is positive as budget is introduced
With the introduction of the latest U.K. budget, we anticipate that financial conditions are conducive to a reflation of the U.K. economy and growth rates at or above 4% this year with risk of a quick pace of growth. … READ MORE >
Private equity and venture capital stay resilient in the EU and UK
After a year of upheaval, private equity and venture capital dealmaking ended last year on a strong note in the European Union and the U.K., and that momentum is poised to continue. … READ MORE >
With negative real interest rates, the time for U.K. firms to invest in their future is now
A confluence of events and policy shifts has coalesced into a unique opportunity for the U.K. government and U.K. firms to make long-term strategic investments. … READ MORE >
RSM UK Financial Conditions Index reaches neutral – a platform for growth
Despite the dark winter caused by the global pandemic, financial conditions in England have moved in a constructive direction that can support a near-term economic recovery and expansion in 2022. … READ MORE >
Bank of England policy rate decision: reduced economic outlook, negative interest rate policy not imminent
Reduced growth amid a more optimistic outlook later this year is the primary takeaway from the February rate decision by the Bank of England Monetary Policy Committee. This implies a slower pace of growth near 5% in 2021 followed by a rapid rebound closer to 7% in 2022. … READ MORE >
Bank of England: Deteriorating economic outlook and negative interest rates
The Bank of England at its meeting on Thursday is expected to keep its policy matrix unchanged as it downgrades its economic outlook and publishes its view on the use of negative interest rates. … READ MORE >
RSM U.K. Financial Conditions Index: Adjusting expectations after double-dosed shocks
The news that Oxford/AstraZeneca has created a potential vaccine will bolster U.K. financial conditions and economic prospects heading into the end of the year. … READ MORE >
More promise, more problems: Cyberattacks threaten life sciences companies researching COVID-19 vaccine
Picture this scenario: Researchers at a biotech company are working tirelessly on a potential coronavirus vaccine and planning to start a phase three clinical trial soon. This work results in more visibility for the company, and an influx of capital investment. But with that greater visibility and investment comes added … … READ MORE >
Pricing in the end of the current British business cycle
The RSM U.K. Financial Conditions Index — which measures the degree of financial accommodation built into British financial asset prices – plummeted from normal conditions just four weeks ago to 3.9 standard deviations below normal levels of implied market risk. … READ MORE >