Category: Economic growth (GDP)

UK braces for price rises driven by Iran war as economic confidence plummets

Consumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facingConfidence in the UK economy has fallen sharply amid the mounting economic fallout from the Iran...

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Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit | Heather Stewart

The damage to the economy dwarfs the upsides from the various non-EU trade deals the UK has struck since 2016Rachel Reeves joined EU finance ministers for dinner in Washington last week, on the sidelines of the International...

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‘Doge of the left’ could save UK taxpayers up to £30bn, says new green thinktank

Report by Verdant says rooting out waste, fraud and tax avoidance would save money that could help improve public servicesA “Doge of the left,” could save up to £30bn a year for taxpayers by rooting out waste,...

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UK economy unexpectedly flatlined in January, official figures show

Monthly GDP figure comes as higher energy prices look likely to drive up inflation, dashing hopes of interest rate cutBusiness live – latest updatesThe UK economy entered the Middle East crisis after a weak start to the...

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Unemployment set to hit 5.3% this year amid ‘worrying’ rise in young jobless

OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertaintyUnemployment in the UK is set to peak this year at a higher rate than previously estimated, with a...

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Spring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgraded

Chancellor says she is in close touch with Bank of England governor and is meeting energy companies amid soaring oil and gas pricesBusiness live – latest updatesRachel Reeves insisted Labour has “the right economic...

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UK house prices rise in February as chancellor avoids ‘negative speculation’

Rachel Reeves’s upcoming spring forecast has not led to slowdown, as property tax rumours did in NovemberBusiness live – latest updatesUK politics live – latest updatesHouse prices in the UK increased in...

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Boring or bust: Reeves aims to project calm competence in spring budget

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbitsPoliticians tend to hate being boring but Rachel Reeves will be delighted if Tuesday’s spring forecast is...

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Brighter UK economy gives Reeves a springboard for March statement

Record public finances accompany stronger retail sales and business activity but some analysts express cautionThe economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio...

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