Why is public spending central to Jeremy Hunt’s spring Budget decisions? UK Politics Researchers warned funding for “crowd pleasing” tax cuts “rests in large part on major cuts to public spending pencilled in after the next election”.
Economy: Why the latest data makes a ‘technical’ recession seem (almost) inevitable – with pub spending the only white knight ECONOMICS The UK appears set to enter recession - and even if the term is in some ways meaningless, it's still very bad news indeed
China’s central bank unexpectedly keeps lending rates steady; stocks recover from early slump Economy The People's Bank of China has defied market expectations of providing a much-needed economic boost through additional easing measures by opting to maintain a crucial interest rate unchanged.
UK recession risk grows as new figures suggest economy has flatlined since March December 22, 2023 According to the Office for National Statistics (ONS) the UK economy contracted by 0.1 per cent in the three months to September
Starmer more trusted to build a strong economy than Sunak, poll finds July 11, 2023 Sir Keir Starmer has gained a seven point lead over Rishi Sunak on being trusted to build a strong economy, a poll of voters has found. Based on whether the public trusted them on the economy, the Labour Party leader scored 39 per cent compared to the Prime Minister’s 32 per cent, while just 29 [...]
UK economy: OECD upgrades forecasts but still predicts recession knife-edge June 7, 2023 The UK economy will continue to lag behind other countries in the group of seven (G7) advanced economies this year, despite improved growth projections, new analysis has shown. Only Germany, which fell into a recession over the start of the year and is set to stagnate throughout 2023, will perform worse than the UK. Analysis [...]
Analysis: Jeremy Hunt has been E for Everywhere, man January 27, 2023 Jeremy Hunt, the Chancellor, today said financial stability had to come before tax cuts, but said a competitive ’low tax environment’ would be the backbone of future growth. Sascha O’Sullivan looks at his speech.
Year Ahead: Squeeze on household incomes to intensify as tough recession will dominate 2023 January 3, 2023 2023 is expected to be an exceptionally tough year for the UK economy. The country is almost certainly already in a year-long recession, one that will probably prove to be deeper than that experienced in the early 1990s. The squeeze on household real incomes will intensify as rising interest rates join soaring inflation. Admittedly, the [...]
Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
MPs call for lower taxes as UK marks latest annual Tax Freedom Day since the early-1980s June 7, 2022 MPs have called on the UK government to cut the burden on UK taxpayers after new figures showed working people spent a higher proportion of their incomes on taxes than at any other point since the early-1980s. The calls come after the Adam Smith Institute (ASI) published new figures, for Tax Freedom Day, showing UK [...]