Economic Review – May 2026

May’s Economic Review – inflation eases despite Middle East conflict, surprise UK growth, Labour market slowing, historic Gulf trade deal

News in Review

Average UK house price growth slows, London leads Europe tech sector, energy bills to rise, vehicle production stabilises

News in Review

Inflation eased in April, UK trade deal with Gulf partners, Fuel Duty freeze extended and unemployment rate rises

In the news

In the news – confidence in a comfortable retirement is on the up and over half of cash ISA savers could reinvest

News in Review

House prices remained relatively stable last month, elections shake up UK politics and manufacturing sees a positive Q2 start