‘Something needs to change’: Firms to tackle productivity growth problems with AI investment December 28, 2023 The UK has suffered from more or less stagnant productivity growth since the financial crisis.
Sir James Dyson calls on political leaders to ‘go for growth’ to rescue economy December 23, 2023 Sir James Dyson has accused political leaders of not “going for growth” after official figures showed the UK is at risk of a recession.
UK needs to ‘get its mojo back’ as another forecaster warns of slow growth December 18, 2023 "While the UK economy is resilient, it needs to get its mojo back," Yael Selfin, chief economist at KPMG UK, said.
Labour’s £28bn growth plan would see tax rises, Treasury minister argues December 16, 2023 Labour’s plans to borrow £28bn to invest in decarbonisation and green energy would lead to tax rises, the chief secretary to the Treasury has argued.
GDP falls sharply in October as UK economy recession fears re-ignite December 13, 2023 GDP fell 0.3 per cent in the month of October, reigniting fears that a wave of interest rate hikes have strangled UK growth.
Bank of England to give UK GDP a ‘modest’ upgrade after Autumn Statement, analyst claims November 27, 2023 In last week's fiscal event, Chancellor Jeremy Hunt unveiled a fiscal loosening worth £18bn, the majority of which came from tax cuts.
OBR downgrades UK growth prospects as higher interest rates bite November 22, 2023 The Office for Budget Responsibility (OBR) has downgraded its growth forecasts for the UK economy over the next couple of years as higher interest rates bite.
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
Treasury’s John Glen ‘alarmed’ at tax levels – but won’t support cuts in Autumn Statement November 8, 2023 John Glen has admitted he is “alarmed” at the current level of taxes in the UK but insisted he wouldn’t call for cuts ahead of the Autumn Statement.