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Digital Subscriptions > Portfolio Adviser > June 2017 > Economic summary

Economic summary

United Kingdom

Unemployment dropped to 4.6% in mid-May, its lowest level since 1975, as the proportion of men and women aged 16 to 64 in work rose.

GDP growth for Q1 was revised down by the ONS from 0.3% to 0.2% as household spending slowed.

The Bank of England voted seven to one to maintain interest rates at 0.25% at its May meeting, with only Kristin Forbes advocating a hike of 25 basis points.

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About Portfolio Adviser

Portfolio Adviser is the leading monthly publication for investment specialists, DFMs and wealth managers who represent high-net-worth clients based in the UK and the Channel Islands. It is the financial service industry’s guide to the latest trends in fund selection, portfolio construction and asset allocation.
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