Catch up on our latest Economic Update

On Wednesday 25 March, we hosted our latest Economic Update to give you timely, objective insight on the UK economy.

Our Chief Economist, Robert Gardner, explored the latest developments and what this could mean for the housing and mortgage market.

As the economic environment is continually shifting, the insights shared reflect the position as it stood at the time of recording.

Watch the webinar recording


Key takeaways:

  • Recent global events and the surge in energy prices on international markets mean there is an unusually high level of uncertainty.
  • In the near term, UK economic growth is likely to be slower and inflation higher than previously expected. Though the impact will depend on the duration of the shock as well as the policy response.
  • The outlook for interest rates is particularly uncertain and dependent on whether the demand or supply side of the economy is more adversely affected.
  • The housing market has been remarkably resilient to shocks in recent years, but ultimately its performance will be heavily influenced by developments in the broader economy.