Pantheon Macroeconomics

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  • Andy Burnham is almost certain to become the UK’s next prime minister, but the timeline remains cloudy.
  • Timing may prevent an expansionary Budget in 2026, but gilts have rightly priced in longer term fiscal risks.
  • Underlying services inflation is slowing at a glacial pace while the labour market steadied in April/May.

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Keywords for: 22 June 2026 UK Monitor Week in review:

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence