Webinar

UK 2023 Themes: Recession ahead but policy pivot unlikely

We expect the UK economy to be in recession for most of 2023, with activity dragged down by falling real household income and tight policy settings. Given the underlying conditions that drove tight policy settings have not gone away, it looks unlikely that policymakers will pivot towards providing more support unless the downturn is much deeper than we anticipate.

Andrew Goodwin

Chief UK Economist

+44 (0)20 3910 8013

Andrew Goodwin

Chief UK Economist

London, United Kingdom

Andrew Goodwin is the Chief UK Economist at Oxford Economics. He is responsible for Oxford Economics’ UK macroeconomic forecasting and analytical content. Andrew regularly comments on the UK’s economic outlook in print, online and broadcast media. Andrew has been with Oxford Economics since August 2008.

Before joining Oxford Economics, he spent three years working for Experian, where he managed the Regional Planning Service and produced UK macroeconomic forecasts from the national level down to local authorities. Before joining Experian, Andrew spent four years as a senior economist at the Confederation of British Industry (CBI).

Edward Allenby

Assistant UK Economist

Private: Edward Allenby

Assistant UK Economist

United Kingdom

Edward is an Assistant Economist within the Macro and Investor Services team, having joined as a graduate in September 2022. Since joining, he has been involved in Oxford Economics’ UK macroeconomic forecasting and analytical content. Prior to joining Oxford Economics, Edward spent a summer working for Greencroft Economics as an Economic Analyst. There, he contributed to a number of energy and sustainability projects in developing countries. Edward also undertook a year-long internship at HM Treasury, where he specialised in macroeconomic labour market analysis. He holds a MSc Economics from the University of Nottingham.

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