Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Strong January retail sales raise hopes UK already ‘moving out of recession’ February 16, 2024 Retail sales rebounded much more than expected in January, following a poor Christmas period, raising hopes that the UK economy will be able to escape recession within a matter of months. Figures from the Office for National Statistics (ONS) showed that sales volumes were up 3.4 per cent in January, compared to the 1.5 per [...]
Rachel Reeves: ‘Britain didn’t need a recession to bring down inflation’ February 15, 2024 "I don’t buy this argument that you need to have a recession to get inflation down," the shadow chancellor said at a press conference.
Why a recession does matter – and not just for Rishi Sunak’s career February 15, 2024 After months of debating whether the UK would fall into a recession, we finally have an answer. There's now a new debate: does it matter.
Recession confirmed for UK after GDP dropped 0.3 per cent in final quarter February 15, 2024 The UK has struggled to generate any momentum over the course of 2023 due to the dual impact of rising inflation and high interest rates.
Spring Budget 2024: What measures could Labour continue in government? February 13, 2024 With an election expected this year, and a Labour Party hell-bent on wooing business, are there financial measures a Starmer government could support?
Winter recession to be confirmed for UK economy – but experts are upbeat about 2024 February 12, 2024 New figures are likely to confirm that the UK economy fell into a shallow recession in the second half of last year, but experts are hopeful that 2024 will be a better year.
Labour set to scrap £28bn green investment pledge today February 8, 2024 Labour leader Sir Keir Starmer is today set to scrap the party's £28bn green investment pledge after weeks of speculation.
IMF: Germany to be weakest major economy in 2024 while UK downgraded again January 30, 2024 In 2025, the IMF expects growth in the UK to pick up to 1.6 per cent, predicting that disinflation would allow "an easing in financial conditions" and real income growth.
Eurozone avoids a recession – but the full impact of rate hikes is yet to be felt January 30, 2024 The eurozone avoided a recession at the end of last year, but sluggish performances from the bloc's largest economies ensured that growth remained elusive.