New statistics from the ONS show the UK economy grew slightly in February, boosting hopes the country is on its way out of recession. The economy grew by 0.1% official figures show, boosted by production and manufacturing in areas such as the car industry,
UK economy: No overall improvement for business in Q1 The UK’s economy hasn’t gotten better for businesses in the first part of this year. A…
The lead for the London business newspaper CITY AM, reports that the UK economy is set to take its first steps out of recession this week with GDP figures for January expected to show a return to growth.
“We don’t think we should be implementing certain tax cuts now, essentially that are paid for by uncertain spending cuts that might never be delivered,” IFS deputy director Carl Emmerson said.
Surge in pension fund buying drives revival in UK corporate bond market Pension funds are piling into UK corporate bonds, encouraging some French and German…
IMF: Germany to be weakest major economy in 2024 while UK downgraded again The International Monetary Fund (IMF) now predicts that Germany, not the UK,…
Lower cost of tea eases January price rises The latest report from the British Retail Consortium (BRC) reveals that shop prices increased at the slowest…
Bank of England to leave interest rates on hold as UK economy on brink of recession Economists anticipate that the Bank of England will keep…
UK economy off to promising start in 2024 as business activity rises again The UK economy’s private businesses are picking up speed for the third…
Latest official figures reveal that government borrowing in December was lower than expected, at £7.8bn, according to the Office for National Statistics.
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Wage growth slows again as job market stall UK wage growth slowed in the job market, but it’s still higher than the rising prices, says…
UK economic growth rebounds in November The UK’s economy rebounded in November after shrinking during the previous month, according to official figures. The economy grew…
UK economy shrank by more than expected in October In October, the UK economy contracted more than anticipated, with growth hampered by elevated interest rates…
Autumn Statement 2023: What are the key points? Chancellor Jeremy Hunt has delivered his Autumn Statement in the House of Commons. The Statement sets out…
UK growth forecasts downgraded for next two years The Office for Budget Responsibility (OBR) has said the UK economy will grow much more slowly than…
UK economy flatlines as higher interest rates bite New figures reveal the UK economy failed to grow between July and September after a succession of…
Interest rates expected to be held after small economic growth The UK economy grew marginally by 0.2% in August following a sharp fall in July.…
UK on track for record tax levels, IFS think tank says BBC Business says The government is on course to oversee the biggest tax-raising Parliament…
UK economy grew faster than estimated since Covid BBC Business says The UK’s economy has grown faster since the start of the Covid pandemic than…
CITY AM – UK growth to slide as stress builds UK growth set to slow as economy experiences ‘renewed signs of stress’, KPMG warns CITY…
Tax cuts ‘virtually impossible’ at present, says Jeremy Hunt Jeremy Hunt has said it will be “virtually impossible” to deliver tax cuts until the UK…
Government borrowing rose to £11.6bn in August Newly released official figures show government borrowing was higher than economists had expected in August, having risen to…
Sainsbury’s and Tesco loyalty card prices not as good as they seem, says Which? A leading consumer rights group says supermarket loyalty schemes may not…
Strikes and wet weather cause UK economy to shrink The latest figures from the Office of National Statistics show the UK economy shrank more than…
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