Retail sales decline

Extract from Redwood Financial’s Economic Review March 2022 Official retail sales figures have revealed a drop in sales volumes during February while survey evidence suggests sales remained disappointing in March. ONS data showed that total retail sales volumes unexpectedly declined by 0.3% in February compared to the previous month. An ONS spokesperson said retailer feedback…

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Unemployment below pre-pandemic rate

Extract from Redwood Financial’s Economic Review March 2022 The latest set of labour market statistics published by ONS revealed a further fall in the rate of unemployment, although real pay growth continues to lag the spiralling cost of living. In the three months to January, the unemployment rate fell to 3.9%, down from 4.1% across…

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OBR downgrades growth forecast

Extract from Redwood Financial’s Economic Review March 2022 The Office for Budget Responsibility (OBR) has downgraded its forecast for UK economic growth over the next two years amid an unprecedented squeeze on household finances. Chancellor Rishi Sunak unveiled the independent forecaster’s revised projections during his Spring Statement, delivered to the House of Commons on 23…

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Bank rate raised again

Extract from Redwood Financial’s Economic Review March 2022 Last month, the Bank of England (BoE) sanctioned a further increase in its benchmark interest rate as inflation continues to surge significantly ahead of the Bank’s target level. Following a meeting held in mid-March, the BoE’s nine-member Monetary Policy Committee (MPC) voted by an 8-1 majority to…

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AquAid Elephant pump in Zimbabwe

Redwood Financial drinks to AquAid’s involvement in Africa.

At Redwood Financial we’re aware that keeping our staff members hydrated will aid them to perform at their very best throughout the work day. As a result, we decided to invest in watercoolers from AquAid. Our unique relationship with AquAid has also given our company the opportunity to help those less fortunate than ourselves, because…

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