HAMISH MCRAE: The promise of riches must be met By Hamish Mcrae Updated: 22:00, 25 May 2024 e-mail View comments Let's step back from the politics, of which there will be more than enough in coming weeks, and focus on the economic inheritance of the next Government. It is not a bad hand at all, though given the most likely Election outcome, the incoming Labour team will claim it is a terrible one. The broad economic outcomes for the rest of this year are pretty clear.
What's next? The broad economic outcomes for the rest of this year are pretty clear There will be two or three cuts in interest rates from the Bank of England. Headline inflation will dip below 2 per cent, leading to a sharp rise in real wages. House prices will resume their slow climb, though don’t expect fireworks because the fall in mortgage rates will be muted.
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M&S clothes are back in fashion - how about its shares? Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa That will be largely because the Government is still borrowing a huge amount of money, holding up longer term yields on gilts. And the economists are all busy revising their growth forecasts upwards. I could see 2024’s final GDP figure turning out to be well above 1 per cent, perhaps close to 2 per c.
