Economic trends

Insight | Covid-19: OBR warns of 35% drop in GDP

Scenario modelling by the Office for Budget Responsibility (OBR) suggests the UK faces the biggest economic shock in 300 years as a result of the current pandemic, with GDP falling 35% in the second quarter, unemployment rising by over two million, and the largest deficit in the government’s finances since the Second World War

Insight | ONS identifies error in RPI calculation

The Office for National Statistics (ONS) has admitted finding an error in the way the Retail Prices Index (RPI) calculation was processed in 2019, casting further doubt on the validity of the measure used to calculate payments on billions of pounds’ worth of inflation-linked government bonds