Weekly Economic Briefings > Uk Weekly Economic Briefing

The weeks survey data suggested a more stable picture as the dust settles on the EU referendum result. Crucially the consumer sector has remained resilient, which greatly reduces the chances of the UK slipping into recession over the second half of the year.The Banks QE programme got off to a challenging start, with its purchases of long-dated gilts falling short of its target. This may ultimately force it to buy more at the shorter end of the curve. The renewed fall in gilt yields over the past week has strengthened the case for fiscal loosening still further.