Economic Review – July 2026

July’s Economic Review – Bank Rate held at 3.75%, June UK inflation dip, consumer confidence lifts but business confidence drops

News in Review

Annual UK inflation rate 2.9% in July, consumer confidence improves, boost in business activity and rise in financial anxiety

Home Finance – In the news

Tenants face continued pressure across Britain, with rents now consuming 44% of the average wage. A recent survey reveals that people overestimate the cost of life insurance by 184%. Plus, only 4% of manual workers hold income protection policies.