Search results for ‘UK economy’
2,127 items found
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Stalling economy and soaring pay poses problem for chancellor
Will soaring wages and a stalling economy pose a problem for the UK?
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UK inflation remains at 8.7% as mortgage holders brace for another interest rate hike
Inflation: the enemy which Rishi Sunak pledged to “face down” by the end of year – looks to be going nowhere fast, according to data released today, risking growth in the UK economy and sparking fears of recession
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UK competition watchdog launches investigation into impact of artificial intelligence
The competition watchdog has launched an investigation into the impact of artificial intelligence. The Competition and Markets Authority says it will look into the effect of AI on consumers, businesses and the economy and whether new controls are needed.
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UK set to be one of worst performing economies this year, IMF warns
The UK is set to be one of the world’s worst performing major economies this year, according to the International Monetary Fund.
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Foreign demand for UK goods contracts for 14th month in a row
Foreign demand for UK manufactured goods has contracted for the 14th month in a row, according to the latest Purchasing Managers Index published this morning. Falling new export orders in March are “a significant drain on demand” according to Rob Dobson of S&P Global Intelligence, who put together the survey, “offsetting signs of a modest…
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Ukraine war: Vladimir Putin talks up Russia’s nuclear capabilities
The Russian president admitted today that sanctions over his war in Ukraine are having a negative effect on the Russian economy.
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UK interest rates hiked to 4.25% after surprise inflation rise
Interest rates have gone up to 4.25% – their highest level in 15 years.
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UK wages rise faster than expected – but don’t keep up with inflation
The British economy suffered the same malaise as the rest of the industrialised world during the pandemic.
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Bank of England raises UK interest rates to 4% – 14 year high
The Bank of England may have sounded a little less gloomy about the economy today – predicting that the recession will end sooner than it previously thought and that the rate of inflation will fall rapidly later this year. But, it still put its base interest rate up again – this time to 4 per…
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German defence minister resigns amid calls for more Ukraine support
Will Chancellor Sholz supply battle tanks that could help give the Ukrainians the upper hand?
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Reform UK party promise to stand against every Tory in next election
Earlier today the Reform UK, formerly known as the Brexit Party, relaunched with a promise to put up candidates against every Conservative standing in the next general election.
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‘A raft of closures’ predicted for UK hospitality industry
With hospitality businesses struggling with strikes, the cold weather and the cost of living crisis, we’ve been speaking to Sacha Lord, Night Time Economy Adviser for Greater Manchester, and asked him about the current state of the sector.
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UK warned of ‘tough road ahead’ despite economic growth
The Chancellor Jeremy Hunt has warned that the UK economy faces a “tough road ahead” even though GDP figures released today showed a slight rebound in October.
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Can the UK avoid recession?
As the economy heads towards a recession, interest rates are going up and the government is expected to squeeze the public finances in its Autumn Statement – due out next Thursday.
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Cost of living crisis explained: Food prices push UK inflation to 40-year high
With inflation still rising and economic policy switching back towards austerity, where does this leave our economy?