UK economy

UK economy unexpectedly shrinks again in October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said

UK employers cut growth forecasts as tax hikes weigh on economy

Growth in 2025 is now seen at 1.6 percent, the Confederation of British Industry (CBI) said, down from a projection of 1.9 percent made in June

UK annual inflation jumps on higher energy bills

The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement

Key changes introduced in the 2024 UK budget

The October 30 budget was presented against the backdrop of certain predictions.

Analysis / Debt rule tweak can help UK avoid moron premium

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.

UK inflation hits three-year low, fuelling rate-cut hopes

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement

UK pay growth weakest since February 2021, REC survey show

The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021

New blow for UK's Starmer as growth data disappoints

Gross domestic product (GDP) was 0.5 percent in the April-June period, the Office for National Statistics said in a statement, while economists expected it to have remained at 0.6-percent expansion

UK consumer sentiment sinks on fiscal worries, trade body says

British consumers have grown more gloomy over the past month following the new Labour government's removal of a welfare benefit for pensioners and warning of tax rises at next month's budget, a new survey from a trade body showed on Thursday

December 14, 2024
December 14, 2024

UK economy unexpectedly shrinks again in October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said

December 8, 2024
December 8, 2024

UK employers cut growth forecasts as tax hikes weigh on economy

Growth in 2025 is now seen at 1.6 percent, the Confederation of British Industry (CBI) said, down from a projection of 1.9 percent made in June

November 20, 2024
November 20, 2024

UK annual inflation jumps on higher energy bills

The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement

November 7, 2024
November 7, 2024

Key changes introduced in the 2024 UK budget

The October 30 budget was presented against the backdrop of certain predictions.

October 26, 2024
October 26, 2024

Debt rule tweak can help UK avoid moron premium

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.

October 16, 2024
October 16, 2024

UK inflation hits three-year low, fuelling rate-cut hopes

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement

October 7, 2024
October 7, 2024

UK pay growth weakest since February 2021, REC survey show

The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021

September 30, 2024
September 30, 2024

New blow for UK's Starmer as growth data disappoints

Gross domestic product (GDP) was 0.5 percent in the April-June period, the Office for National Statistics said in a statement, while economists expected it to have remained at 0.6-percent expansion

September 26, 2024
September 26, 2024

UK consumer sentiment sinks on fiscal worries, trade body says

British consumers have grown more gloomy over the past month following the new Labour government's removal of a welfare benefit for pensioners and warning of tax rises at next month's budget, a new survey from a trade body showed on Thursday

September 23, 2024
September 23, 2024

UK finance minister vows to 'rebuild' country

British finance minister Rachel Reeves on Monday will vow to "rebuild Britain" after 14 years of Conservative leadership, warning of "difficult decisions" in a speech at the Labour Party conference