Category: Economic growth (GDP)

Andy Burnham to host entrepreneurs and local mayors at No 10 on Monday

Prime minister vows to ‘reindustrialise Britain’ through new partnership with business The prime minister is to host business leaders, entrepreneurs and local mayors at Downing Street on Monday to pitch his government as a...

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George Osborne calls for UK to rejoin EU customs union and boost trade

Ex-Tory chancellor says economy has ‘fallen off a cliff’ since Brexit but rejoining union could be ‘quite simple’Former chancellor George Osborne said Britain’s economy has “fallen off a cliff” since Brexit and that rejoining...

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UK chancellor urged to remove £100k childcare ‘cliff edge’ prompting parents to cut work hours

Critics say threshold pushes higher-paid staff to cut back on work and often mothers to stop working to avoid losing entitlementJohn Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid...

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UK productivity growing faster than official figures suggest, thinktank finds

Resolution Foundation suggests economy may finally be emerging from shadow of 2008 financial crisisProductivity in the UK – a vital measure of economic health – is growing more strongly than official figures suggest, according...

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UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilitating heatwaves this summer are likely to have cost the UK economy...

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North Sea oil industry urges Burnham to approve new drilling in UK waters

Lobby appeals to prospective PM’s reindustrialisation agenda as it pushes for Rosebank and Jackdaw approvalThe UK’s North Sea oil industry has made a last-ditch attempt to curry favour with the Labour government by appealing to...

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IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries...

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Labour has abandoned the missions that brought it to power. Here’s how Burnham could revive them. | Mariana Mazzucato

With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to...

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Labour has abandoned the missions that brought it to power. Here’s how Burnham could revive them. | Mariana Mazzucato

With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to...

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Ed Miliband to say UK must stick to net zero targets to deliver jobs and growth

Energy secretary expected to argue that UK clean economy is booming as private sector pledges over £100bn of investmentEd Miliband is to say that the UK must stick to net zero targets to deliver jobs and growth, as speculation...

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Heathrow third runway GDP yield may be 90% less than original estimate

Department for Transport analysis suggests 0.05% boost will be offset by overall negative trade-off The economic boost from a Heathrow third runway could be a tiny fraction of previous estimates, government analysis shows, while...

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