Last week, Bloomberg Economics conducted an analysis revealing that the latest forecasts are indicative of turbulent times ahead for the UK economy, with key indicators suggesting that the country may already be in the midst of a recession. After a period of aggressive monetary tightening and rising unemployment, households are becoming more cautious about spending, posing a significant challenge for Prime Minister Rishi Sunak, who faces an upcoming election. The Autumn Budget statement on 22 November is under scrutiny, with scepticism from think tanks about the fiscal headroom for tax cuts. While Bank of England (“BoE”) Governor Andrew Bailey insists it is premature to discuss interest rate cuts, Chief Economist Huw Pill acknowledges investors are not being unreasonable in their prediction for rate cuts next summer. Traders are now anticipating interest rate decreases in the region of 0.75% next year, reflecting a notable shift from just 0.3% last month. The contrasting views within the BoE highlight the complexity of navigating economic uncertainties, especially with the threat of inflation and geopolitical tensions.... Stocks featured: Marks & Spencer, Associated British Foods and Auto Trader To find out more about the investment management services offered by Walker Crips, please visit our website: https://www.walkercrips.co.uk/ This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.