Haldane: Bank of England printed money for too long, and recession’s 50:50 Andy Haldane Bank of England's former chief economist says Bank persisted 'too long' with quantitative easing - helping to fuel inflation
Recession, what recession? Firms shrug off UK economy fears to focus on growth uk economy Britain’s small businesses are turning their attention away from worrying about whether the country will slip into a recession to focus on growth, a new survey out today shows. Confidence among the country’s small firms – which drive output – climbed sharply from its depths at the end of last year, according to the Federation [...]
Letters: Fundraising in a recession Letters [Re: UK to tip into ‘mild recession’ as cost of living crunch cools spending, June 27] When money gets tight, people rein in their spending. These types of decisions have a social impact as well. When disposable income decreases, people need to make tough decisions across their budgets, and how much they help others is [...]
Letters: Digging us out of a recession January 10, 2023 [Re: Recession in “full swing” as inflation puts small businesses in “critical” state, Jan 4] The British Chambers of Commerce research last week highlighted the impact of the current economic climate on the UK’s small businesses. Mastercard’s own research shows that small businesses need more support – not just financially, but with technology, skills and [...]
A technical recession: How bad will it be? August 7, 2022 It is no surprise that US GDP growth is declining given the slowdown in consumer spending and domestic production recently. However, markets seem fraught with headline risk with the term ‘technical recession’ floating around. Analysts have pointed out the looming risk of a recession given the central bank’s aggressive tightening cycle while Fed chair Powell [...]
UK ahead of EU as bloc likely to ‘slip into recession’ September 7, 2023 The UK grew ever so slightly faster than the EU in the second quarter as falling exports brought growth in the bloc to a near standstill.
Are we heading for a global recession? June 29, 2022 Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]
Recession warning flashes after ‘gloomy’ UK manufacturing data August 22, 2023 Recession concerns intensified today after new data showed manufacturing output fell at its fastest pace since September 2020 in July. According to the Confederation of British Industry’s (CBI) industrial trends survey, the balance of factories reporting a rise in output versus a fall slumped to -19 per cent, compared to plus three per cent in [...]
Gold tumbles as investor hopes of avoiding a global recession rise August 14, 2023 Gold prices have weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal.
Eurozone edges nearer to recession while UK economy ‘stalls’ July 24, 2023 The European economy has edged closer to recession, while the UK is on the brink of slipping into negative growth, closely watched surveys out today reveal. A snapshot of the eurozone’s respective economies showed high inflation and the European Central Bank’s (ECB) efforts to tame it with interest rate rises is cooling activity. Hamburg Commercial [...]