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Economic outlook and indicators

November 2017

The Bank Rate has risen for the first time in over a decade. What effect will the Bank of England be hoping this will have on the economy?

Our economist, Henk Potts, speaks about how central bank policy can help control inflation and what impact it could have on consumer confidence.

If you have any questions for our next update with Henk you can email us on

UK economic outlook

This video was filmed on Monday 6 November 2017.


Consumer Prices Index 
Source: ONS^ (opens in a new window)
Last updated: 12 December 2017
Next update: 16 January 2018

Price of Milk
Source: ONS^ (opens in a new window) 
Last updated: 12 December 2017
Next update: 16 January 2018

Bank of England Official Base Rate
Source: Bank of England^ (opens in a new window)
Last changed: 2 November 2017
Next update: 8 February 2018

Quarterly GDP growth
Source: ONS^ (opens in a new window)  
Last updated: 22 December 2017
Next update: 29 March 2018

2018 forecast
Source: Barclays
Last updated: 8 December 2017