Overall, economic fundamentals in the UK remain positive. Real wages and employment are forecast to continue to grow and inflation and interest rates are expected to remain low by historic standards. However, with markets becoming increasingly global there is a greater risk that external factors, including a vote for the UK to leave the European Union, will impact our markets, so we are mindful of the need to manage our business to mitigate these risks.
UK unemployment rate versus Euro area of 10.3%
Source: Office for National Statistics, April 2016