Category: Economic recovery

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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Bank of England leaves interest rates at 5.25% but signals future cuts

Bank’s survey finds expectation of 4.5% base rate by end of 2024 amid ‘encouraging signs’ on inflationBank of England policymakers signalled at least three interest rates cuts this year after seeing...

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Hopes of UK exit from recession boosted as GDP rises in January

Monthly increase of 0.2% after surge in high street and online spending offers relief for government A surge in high street and online spending helped Britain’s economy return to growth in January, boosting hopes that the...

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Hopes of economic recovery boosted as UK GDP rises by 0.2% in January

Small monthly increase for January offers relief for government but country remains in technical recessionThe chances of the UK quickly emerging from recession have been boosted after the release of official figures showing the...

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Labour rules out raising corporation tax above 25% in next parliament

Shadow chancellor Rachel Reeves tells business summit of measures to boost investment, productivity and certaintyLabour will not raise corporation tax above its current rate of 25% during the next parliament, the party has...

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Green economy must be next UK government’s No 1 priority – Lane Fox

Exclusive: British Chambers of Commerce head urges parties not to backtrack on eco pledges in run-up to general electionBritain’s next government should make the transition to a green economy its No 1 priority to reboot...

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UK economic growth to rebound in late 2024, leading forecaster says

EY Item Club report hands PM new year boost with prediction that inflation drop will allow interest rates to fall to 4% by year endThe UK economy will benefit from falling inflation and lower interest rates in the second half of...

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From tax to debt: the five key issues that underpin the autumn statement

With inflation falling, the chancellor is expected to turn his attention to growing the economyThe chancellor, Jeremy Hunt, will give his autumn statement speech on Wednesday with the UK economy struggling for growth momentum...

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