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Economic Insight: UK lift-off?

By Lucy O’Carroll, Chief Economist — Investment Solutions, Aberdeen

The UK economy has picked up speed heading into the summer months, just as the Monetary Policy Committee (MPC) is about to hold a crucial meeting on interest rates. Earlier in July, the MPC voted unanimously to hold interest rates at 0.5 per cent, where they have been for more than six years, but committee members seem increasingly minded to raise rates. Indeed, had it not been for the turmoil in Greece at the time of the vote, a number might have voted differently. So with the Greek situation in abeyance, could the latest data — showing gross domestic product (GDP) expanding by 0.7 per cent in 2015 Q2, up from 0.4 per cent the previous quarter — bring a rate rise nearer?

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Passive price war hots up as competition rises

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Mark Dampier: Playing the UK smaller companies revival

Old Mutual is home to one of the most successful UK equity teams. For more than a decade it has been a key contender within the UK small and medium-sized companies arena but with the appointment of Simon Murphy in 2008 and, more recently, Richard Buxton it now has considerable strength within larger companies too. […]

Lloyds’ mortgage lending dives 19%

Lloyds Banking Group lent 19.1 per cent less to mortgage borrowers in the first half of the year than it did in the first half of 2014. Its half-year report, published today, shows the group lent £16bn to borrowers in the first six months of the year, down from £19.8bn in the same period last […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.

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