Category: Recession

Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – business live

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’The UK government has said it is prepared for “a range of...

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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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UK tips into recession in huge blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to ChristmasBusiness live – latest updatesThe UK economy fell into recession at the end of last year as hard-pressed households cut back on...

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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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The Observer view on Tory economic policy: only active public investment will cure Britain’s ills | Observer editorial

The government’s reliance on the private sector has led to a UK economy on the brink of recession and a crumbling state The economy will end the year on the brink of recession and it is not hard to see why. After 13 years...

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