Category: Economic growth (GDP)

UK politics live: Tory defector Elphicke says Labour ‘occupies centre ground’ as she joins Starmer for Dover speech

Controversial new Labour MP joins party leader in her constituency as he delivers major speech on immigrationThe Post Office Horizon IT inquiry is about to get under way again. Sir Wyn Williams is in the chair, and the witness...

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UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this yearBusiness live – latest updatesThe UK is officially out of recession after figures showed the economy grew by 0.6% in the...

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Tax rises will follow UK election unless fiscal rules are ripped up, says thinktank

Niesr says current limits on government borrowing fail to stimulate growth and hinder net zero ambitionsThe next government will be forced to hit voters with post-election tax rises and delay net zero investment unless it is...

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UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economyThe UK will be the worst-performing economy in the G7 next year, according to the Organisation for...

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UK economic outlook has worsened, warns OECD

Global forecast contrasts with downbeat assessment for a British economy constrained by high interest rates, price rises and staff shortagesThe UK’s economic outlook has worsened this year as high interest rates and the...

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Thames Water parent ‘owes two Chinese state-owned banks’ as debt downgraded – as it happened

Live, rolling coverage of business, economics and financial markets as Fitch downgrades debt of parent of water company, saying default is likelyTim Moore, economics director at S&P Global Market Intelligence, which compiles...

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Thames Water parent ‘owes two Chinese state-owned banks’ as debt downgraded – business live

Live, rolling coverage of business, economics and financial markets as Fitch downgrades debt of parent of water company, saying default is likelyTim Moore, economics director at S&P Global Market Intelligence, which compiles...

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‘Hammer blow’ of £145 Brexit food import charges; UK on ‘path out of recession’ – business live

Live, rolling coverage of business, economics and financial markets as UK government imposes charges of £29 per type of item for imports of cheeses, meats and yoghurtTim Moore, economics director at S&P Global Market...

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‘Hammer blow’ of £145 Brexit food import charges; oil prices near $90 – business live

Live, rolling coverage of business, economics and financial markets as UK government imposes charges of £29 per type of item for imports of cheeses, meats and yoghurtGood morning, and welcome to our live coverage of...

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