Key View

• We forecast real household spending growth in the UK to begin to recover in 2021. Our forecast for real household spending growth in 2021 is 5.4% y-o-y. We note that this growth is from a low base following the estimated 10.6% y-o-y contraction in real household spending growth over 2020.
• In 2022, we forecast real household spending

Key View:

• A growing number of on-demand grocery delivery companies have launched in the UK since the start of the Covid-19 pandemic in 2020.
• At Fitch Solutions, we believe that there is potential for on-demand grocery services to continue to expand and develop as consumers have become much more accustomed to using online grocery delivery

Key View

• The anticipated announcement from Stellantis that it will produce electrified vans at its Ellesmere Port Vauxhall site in the North-West of England aligns with our view that the UK government would need to become more specific in its deployment of capital to secure the electrified future of UK automotive manufacturing post-Brexit and

Key View

• At Fitch Solutions, we believe that household goods are forecast to recover over the medium term (2021-2025), boosted by the economic recovery with consumers more willing to spend on non-essential goods.
• Within household goods, we note that some segments will outperform over the medium term, in particular smaller ticket items.
• As a

Key View

• Maximising the energy efficiency of new developments will become a primary consideration for UK housebuilders, and will require industry participants to adapt their operations to minimise emissions across the life cycle of residential buildings.
• The need to refurbish existing homes will further sustain activity in the residential

Key View

• The widely anticipated contraction in Q121 has not changed our bullish view on the UK in 2021, when we expect real GDP to grow well above trend.
• As restrictions are gradually lifted, high-frequency data and sentiment surveys corresponds with our view that growth will rebound in Q221.
• In line with improving mobility data, April 2021

Key View

• Prospects of a second referendum on Scottish independence will likely be delayed after the Scottish National Party (SNP) fell short of an absolute majority at the May 6 election to the Scottish Parliament.
• We expect renewed political tensions over the issue in the coming quarters and years as the central UK government seeks a

Key View

• Drugmakers will see faster evaluation of innovative medicine technologies, clearer specification of required data and knowledge sharing to support the drug development process.
• We expect that the number of new drug launches in the UK could still see a mild decline as drugmakers favor European markets under the common jurisdiction of

Key View

• The UK’s decarbonisation of mobility strategy, unveiled in November 2020 as a key facet of the government’s ‘Ten Point Plan for a Green Industrial Revolution’, improves and stabilises the domestic electric vehicle (EV) policy environment, which will translate into a faster pace of adoption, particularly from 2024 onwards.
• Despite