Key View: As one of the oldest and most well-developed markets globally, the UK's non-life segment is extremely diversified with all product lines well-catered for by a mix of domestic, regional and multinational providers. The largest line in the market is property, accounting for almost 30% of total non-life premiums, with general liability and

Key View

• The Bo) hiked its bank rate by 50bps to 5.00% at its June 22 monetary policy committee meeting, higher than our own, consensus and market expectations of 25bps. We now expect to see two further hikes (25bps each) from the BoE, bringing the bank rate to a terminal rate of 5.50%.
• The release of May CPI inflation data on June 21 shows

Key View

• On April 26 2023, Ultromics received FDA Breakthrough Device Designation for its artificial intelligence (AI)-based platform to detect cardiac amyloidosis.
• Ultromics will become a market leader in AI-driven heart failure detection devices through partnerships and funding.
• AI-driven devices will become integral for early detection of

Key View

• Smith & Nephew’s launch of the CORI digital tensioner will improve surgical procedures performed with its CORI knee system.
• Sales of robotics devices will be important for Smith & Nephew’s orthopaedic revenues in the coming quarters following a difficult period for its orthopaedics segment.
• Growing demand for knee replacement

Key View

• UK incumbent operator BT is partnering with the NHS to deploy a digital wards service, in partnership with my mHealth and Feebris.
• The UK’s demographics, digitally mature healthcare system and well-developed digital infrastructure pose opportunities for telemedicine providers and telecom operators.
• Telemedicine opportunities will

Key View

• After a significant widening in the current account deficit to 3.8% of GDP in 2022, we forecast the UK current account to narrow to 2.4% in 2023 and 2.3% in 2024.
• Weaker domestic consumption will be the primary driver of the narrowing in 2023 as we believe that the retrenchment in commodity prices in the year-to-date has run its

Key View

• We note that the UK’s pipeline in our KPD has grown since Q121 from five to 65 projects with the larger planned projects increasing from a capacity of 350MW to 500MW.
• This strong growth has supported the UK in having the second largest battery storage project pipeline in NAWE in our KPD, with the US having the largest. The UK’s