Category: Economic growth (GDP)

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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Burnham brings in top economists before possible leadership run

Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure marketsThree economic heavyweights have been brought in to advise Andy Burnham as he attempts to reassure the markets...

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Lib Dems to urge Labour to drop ‘torpor and timidity’ on EU and rejoin single market

Exclusive: Ed Davey to make call ahead of 10th anniversary of Brexit vote, in strengthening of party’s position on EUThe Lib Dems will urge Andy Burnham to end Labour’s “torpor and timidity” towards the EU as they call for the...

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