Prepared by NatWest Group’s Chief Economist team, the note assesses UK macro conditions at the turn of 2026, balancing resilience against lingering fragility.
-
Households increased savings while consumer credit hit a two-year high, signalling caution alongside selective risk-taking.
-
Housing activity and corporate borrowing remained stable, with CFO confidence and tech investment appetite gradually improving.
-
Labour markets stayed soft, but wage growth proved sticky; globally, US data weakened while the euro area expanded steadily.
The full analysis explores whether this cautious resilience can evolve into sustained momentum.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.
