Browsing: UK economy

Cliff Notes – Spring statement 2025 key takeaways The Office for Budget Responsibility has halved the UK’s growth forecast for…

Chancellor Rachel Reeves says the 2025 growth estimate for the UK has been halved to 1% from 2% by the government’s official forecaster, the Office for Budget Responsibility (OBR)

Government borrowing surged to £132.2bn last month, significantly exceeding forecasts and representing a £15bn increase from the previous year.

The OECD has downgraded global economic growth forecasts, attributing the slowdown to US President Trump’s tariffs on imports, with the UK expected to grow only 1.4% this year, down from 1.7%.

The Treasury plans to announce substantial spending cuts to realign public finances ahead of the Spring Statement. Escalating borrowing costs…

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,…

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

Billionaire Sir Leonard Blavatnik injects £630m to prop up Netflix-rival DAZN as losses mount Billionaire Sir Leonard Blavatnik has injected…

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