Watch: The Week in Business – Is Net Zero Going Out Of Fashion? Opinion Just a few short years ago BP proudly told us they were embarking on a journey – and I quote – “in support of our purpose to reimagine energy for people and our planet, and our ambition to become a Net Zero company by 2050 or sooner and help the world get to Net Zero.” [...]
London named Europe’s ‘unicorn capital’ for fintechs Tech London leads Europe in fintech ‘unicorns’, a title given to privately-held startups valued at over $1bn, reinforcing its dominance as a global breeding ground for tech unicorns. According to Hurun’s latest index, nearly 80 per cent of the UK’s unicorns and future unicorns are based in London, with fintech being the most dominant sector. Of [...]
The public isn’t buying Labour’s growth story Opinion Today’s growth figures will have elicited a sigh of relief across the government. A meagre 0.1 per cent uptick is certainly better than a recession. Though the news is not all good. The economy is smaller on a per capita terms, and when you dig down into the data, private sector activity is shrinking. An [...]
UK economy: Mixed signals for Rachel Reeves as GDP beats expectations February 13, 2025 You can tell it has been a bleak midwinter when quarterly growth figures of 0.1 per cent sets the pulses racing.
GDP grows 0.1 per cent as UK economy skirts recession February 13, 2025 Chancellor Rachel Reeves received a small boost after the economy unexpectedly grew at the end of last year, ensuring the UK does not face an imminent recession. Output expanded 0.1 per cent in the final three months of the year, according to the Office for National Statistics (ONS), after GDP rose 0.4 per cent in [...]
Is Rachel Reeves heading for her own black Wednesday moment? February 13, 2025 If the OBR downgrades growth forecasts and the Chancellor breaks one of her own fiscal rules, it could be the beginning of the end for Rachel Reeves just as Black Wednesday was for Norman Lamont and the Major government, says Malcom Gooderham Within months of winning the 1992 general election John Major’s administration suffered a [...]
Reeves faces tough choices as recession fears mount on UK downgrade February 12, 2025 The watchdog will put together four more forecasts in the coming weeks, but the earliest draft suggests that Reeves will be facing a small deficit in March, Bloomberg reported.
GDP figures to pile further pressure on Reeves as recession risks mount February 10, 2025 New figures set to be released on Thursday are expected to show that the UK economy shrunk 0.1 per cent in the three months to December.
Trump’s tariffs reveal reality of Dealmaker-in-Chief February 4, 2025 Things happen quickly in Trump’s America. On Saturday, the US President announced sweeping tariffs on imports from China, Canada and Mexico, in a move that sparked panic among allies as far away as Japan and the EU. By yesterday afternoon, analysts were predicting that the Canadian and Mexican economies would be plunged into recession as [...]
Bank of England: Monetarists warn of challenging outlook before rate call February 4, 2025 Monetarist economists argued a 25bps rate cut may be too little too late given the current weakness of the UK economy.