The UK economy showed further signs of strain last week, with job postings hitting a four-year low in January. Wages continued to rise, reaching a record average of £40,846, adding to the Bank of England’s (“BoE”) inflationary concerns. Retailers warned of price increases due to higher national insurance and minimum wage hikes, particularly in the food sector. Meanwhile, a Reuters poll suggested the BoE could cut rates to 3.75% this year, with housing prices expected to rise as borrowing costs fall. The net-zero economy remained a bright spot, growing three times faster than the overall economy and contributing £83 billion in Gross Value Added (“GVA”). However, higher energy bills and taxation concerns are weighing on businesses, with two-thirds of hospitality firms set to cut jobs. Despite economic pressures, Lloyd's business barometer showed optimism, rebounding to its highest level since August 2024...

Stocks featured:

BAE Systems, Rolls-Royce and WPP

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