OECD slashes UK economic forecasts amid global slowdown March 17, 2025 The Organisation for Economic Co-operation and Development (OECD) has cut the UK’s economic growth forecasts due to stubborn inflation and an escalating trade war. The OECD’s new interim report scaled back UK growth to 1.4 per cent in 2025 and 1.2 per cent in 2026 – down from previous projections of 1.7 and 1.3 per [...]
GDP shrinks in January as UK economy prepares for upcoming tax hikes March 14, 2025 The UK economy underperformed expectations in January. According to the latest set of gross domestic product (GDP) figures published by the Office for National Statistics (ONS), the economy shrank by 0.1 per cent in January as output was dragged down by a sharp drop in output in the production sector. Over the three months to [...]
Labour’s growth agenda? Necessary but not sufficient. March 11, 2025 Ministers will be deeply frustrated at the lack of economic growth, though they ought not to be surprised. Their own missteps have been well covered in this newspaper, and week after week new survey data reveals the extent to which government policies have dampened spirits, reduced hiring and spooked confidence. However, while their opening salvo [...]
The Editor’s Interview: Should the Tories be afraid of Nigel Farage’s Reform UK? March 10, 2025 In this episode, we see top Tory Andrew Griffth MP grilled by City AM Editor Christian May on the threat posed to the Conservatives by Nigel Farage's Reform UK.
Free Thinking: Will Musk regret putting Trump’s politics before Tesla sales? March 7, 2025 This week on Free Thinking, Alys Denby is joined by writer and City AM columnist Eliot Wilson to discuss whether Elon Musk is paying the price for mixing politics and business.
Reeves is gearing up for a blame game March 6, 2025 You can hear the spin a mile away; as the Chancellor’s team prepares for the Spring Statement the groundwork is being laid. Despite the fact that the inevitable consequences of the government’s multi-billion pound tax raid on businesses have been clear for months, with economic growth suffocated, sources close to the Chancellor are telling the [...]
Bank of England warns ‘age of uncertainty’ stopping rapid rate cuts March 5, 2025 An “age of uncertainty”, especially over the path of inflation, means that rapid interest rate cuts are unlikely to be coming to the UK, top Bank of England officials have said. Huw Pill, chief economist at the Bank of England, said the central bank was unlikely to make “larger and more rapid cuts to interest [...]
UK jobs cuts accelerate as firms fret over stagflation March 5, 2025 UK service firms are cutting jobs at the sharpest rate since November 2020 as fears about the state of the economy spread. S&P Global’s latest UK Services PMI, which measures business activity in the services sector, found that 24 per cent of firms cut their employees in February, compared to only 13 per cent which [...]
Net Zero: weak economic growth, high energy prices and stagnant productivity? March 5, 2025 How many times have we heard the argument that there is no trade-off between pursuing Net Zero and economic growth? The argument lies at the heat of the country’s economic, climate and environmental policy debate. The energy secretary, Ed Miliband, repeats the mantra at every opportunity – “clean energy and Net Zero equals good jobs [...]
Spring Statement 2025: Rachel Reeves should be courageous and favour economics over ideology, says Interactive Investor boss March 3, 2025 Chancellor Rachel Reeves needs to be “quite courageous” and not “allow ideology to get in the way of economics” when she delivers her Spring Statement on 26 March, the chief executive of Interactive Investor has said. Richard Wilson, speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, added that the government’s growth agenda [...]