UK markets face a fiscal reckoning as debt breaches £3 trillion

Podcast: Walker Crips' Market Commentary · Walker Crips Investment Management Limited

Opublikowano: 2026-08-11

Last week, Purchasing Manager’s Index (“PMI”) mixed signals pointed to a modest UK economic recovery. Whilst UK business activity saw a first rise in three months, driving the broader economy up, manufacturing and construction remain laggards, meaning that sustainable growth will depend on whether supply chain and inflation pressures continue to moderate. However, the geopolitical reasons are threatening this, as EY points out that the prolonged closure of the Strait of Hormuz could cause inflation to double, risking a UK recession. The recent heatwaves are also a threat, hampering retail footfall in July and potentially disrupting supply chains and ca...