Last week the Bank of England ("BoE") released data showing unexpected resilience in November’s gross domestic product ("GDP"), which expanded by 0.3%, surpassing the 0.1% forecast and ending a two-month decline. The growth was driven by a rebound in both services and manufacturing, aided by Jaguar Land Rover’s recovery following a cyberattack, despite ongoing structural risks. At the same time, BoE Governor Andrew Bailey defended the importance of economic institutions and open trade, urging resistance to populist attacks and warning that undermining bodies such as the International Monetary Fund ("IMF") weakens their ability to highlight economic risks. Meanwhile, the Office for National Statistics ("ONS") may delay its new labour market survey by six months, potentially until May 2027, due to technical difficulties. Adding to concerns, the Institute for Public Policy Research ("IPPR") highlighted vulnerabilities in the UK economy, noting that supply chain disruptions linked to China could cost £1.5 billion annually for solar projects and jeopardise 90,000 electric vehicle jobs unless the government implements a 'securonomics' framework...

Stocks featured:

Pearson, Schroders and Whitbread

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