Browsing: UK economy

Friday’s front pages report on the Bank of England’s bleak forecast for the UK economy sparked widespread concern, with growth now expected to be just 0.75% this year.

Rachel Reeves is under fire with some of the papers speculating on her future in the role of chancellor and the fears of stagflation – a combination of stagnant growth and rising inflation—are dominating the narrative.

While the interest rate cut to 4.5% offers some relief, the overall economic outlook remains challenging. The papers say the government faces tough choices including potential tax hikes or spending cuts, to stabilise the economy.

Elsewhere, there’s some showbiz news dominating tabloids, including reviews of the new BBC TV series Amandaland, an exclusive interview with the former girlfriend of Liam Payne and coverage of recent allegations made against a TV star.

The back pages are dominated by Liverpool’s 4-0 win over Spurs to book their place in the Carabao Cup final at Wembley.

Rachel Reeves has been dealt a further blow in her bid to fulfil Labour’s primary mission of reigniting economic growth, as a downgraded forecast overshadowed…

UK interest rates live: Bank of England set to cut interest rates in boost for mortgage holders The UK’s base interest rate is expected to…

Billionaire Sir Leonard Blavatnik injects £630m to prop up Netflix-rival DAZN as losses mount Billionaire Sir Leonard Blavatnik has injected a further $827m (£630m) into…

UK economy: Consumers catch ‘January blues’ as confidence slumps Consumer confidence in the health of the UK economy slumped in January, pointing to further headwinds in…

Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience The government’s tax hikes pose a “major threat” to the health of the…

UK economy: Interest rate cut a ‘certainty’ in February after weak data A February interest rate cut is a “certainty” after new data suggests that…

“GDP growth slowed markedly in the summer when the new government began warning of tax hikes,” said Rob Wood, chief UK economist at Pantheon Macroeconomics.

For the first time in three months, the UK economy grew, recording a slight expansion of 0.1% in November, according to official figures. This follows two consecutive months of economic contraction.

It comes as a leading think tank urged the prime minister to boost trade defences to deter against economic threats from Donald Trump Ed Davey…

Warning food prices could soar by 20% as pressure mounts on Reeves over flailing economy Rachel Reeves has been hit by a triple whammy of…

Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’ Pound sterling has continued to sell off this morning, and UK government…

UK companies cut jobs at fastest rate in nearly 4 years The private sector cut jobs at the fastest rate for nearly 4 years in…

The United Kingdom became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, as of Sunday. 

UK’s economy shrinks unexpectedly by 0.1% in October Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy…

  QUESTION: Were farmers the only business group adversely affected by the budget? ANSWER: Farmers have been seriously affected by the budget with their farms…

House prices rise at fastest rate in two years – Nationwide House prices rose at their fastest annual rate in two years in November as…

Consumer confidence in the economy dips following Budget Consumer confidence in the health of the economy dipped in November, a new survey shows, as the…

UK inflation set to jump above target in headache for Rachel Reeves UK inflation is expected to have jumped above the Bank of England’s two…

Rachel Reeves ‘not satisfied’ as UK economy flatlines under Labour Rachel Reeves has said she is disappointed with figures showing the economy flatlining in the…

Andrew Bailey, Governor of the Bank of England, said inflation has fallen “faster than we expected” but still warned that more progress would be needed on services inflation.

The UK grew at a slower pace than expected in the third quarter, according to new figures, with business groups pointing to the impact of uncertainty ahead of last month’s Budget.

UK economy at risk of higher inflation and slower growth due to Trump tariffs Economists are concerned by the likely impact of Donald Trump’s economic…

Rachel Reeves could borrow £80bn over next five years, lenders say Rachel Reeves could borrow an extra £80bn to fund government spending on infrastructure and…

UK inflation expected to fall below two per cent target UK inflation out this week is tipped to fall below the Bank of England’s two…