Category: Economic growth (GDP)

UK companies opting to hire temporary workers over permanent staff, recruitment firms say

Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitmentUK companies are increasingly hiring temporary workers instead of permanent staff because of low confidence in the...

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Rachel Reeves may be unpopular, but she is quietly rebalancing UK plc

Policy U-turns could define her stint at No 11 despite many sure-footed advances on devolved spending to help kickstart growthAn air of unreality settled on a Westminster conference room last week, as Rachel Reeves, upbeat in a...

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Labour poised for fresh welfare changes after scale of youth jobs crisis revealed

Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’ ‘A record of failure’: what’s in first part of Milburn report?Tell us:...

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Reeves seizes on surprise UK growth as evidence Labour leadership must stay

Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran warBusiness live – latest updatesAnalysis: Reeves says ‘if economy ain’t broke,...

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UK economy records surprise 0.3% growth in first month of the Iran war

GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsThe UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the...

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‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss...

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Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on...

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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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