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Economics

  • Manufacturing sector breakdown worsens amid ‘dearth of export work’ 

    October 1, 2025

    A breakdown in activity across the manufacturing sector has deepened as new data has shown export work coming to a halt and investment falling flat.  S&P Global’s purchasing managers’ index (PMI) for manufacturing in September showed the sector was still struggling to bounce back despite some quiet optimism in recent months.  Activity in the sector [...]

  • Keir Starmer is dangerously deluded

    October 1, 2025

    The prime minister may have insisted yesterday that wealth creation is “the defining mission of this government” but it certainly wasn’t the defining mission of his speech to the Labour party conference. There were roughly 7,000 words in Keir Starmer’s address to party members in Liverpool, with “business” being uttered just four times – and [...]

  • Keir Starmer ramps up attack on Reform in vow to ‘renew Britain’

    September 30, 2025

    Prime Minister Keir Starmer ramped up his attacks on Reform as he called for Brits to unite behind the government’s mission to “renew” the country.  In a make or break speech to Labour Party members, Starmer said the country was at a crossroads moment to deliver “renewal” – though he pushed back against claims Britain [...]

  • Global talent visa: The migrants the UK really wants

    September 30, 2025

    Keir Starmer’s great triumph – perhaps his only success – lies in his smart diplomacy with President Donald Trump. As Trump has moved to obliterate the world order, Starmer has made use of his soft spot for the UK. Now the Prime Minister is being urged to take advantage of Trump’s blind spot. In the [...]

  • Peter Kyle: We will get rid of 25 per cent of regulation

    September 30, 2025

    Business secretary Peter Kyle said there were “absurdities” across regulatory bodies for businesses as he vowed to cut burdens by 25 per cent.  In a fringe event at the Labour party conference, Kyle struck a bold tone on the extent of red tape holding the UK economy back, adding that he was asked by Keir [...]

  • Trump launches fresh tariffs as government shutdown looms

    September 30, 2025

    In a frenetic 24 hours for the President, Donald Trump has launched fresh tariffs on the US’s trading partners as his government looks to be marching towards shutdown. The White House has said it will charge a 10 per cent tariff on foreign softwood lumber and timber, used in a wide variety of building materials, [...]

  • UK economy stalls in second quarter

    September 30, 2025

    The UK economy grew at a sluggish pace of 0.3 per cent in the second quarter of the year, official data has shown, another major setback for Chancellor Rachel Reeves’ as she hopes to oversee higher growth. The Office for National Statistics left its growth figure unchanged from a previous estimate as it confirmed its [...]

  • Rachel Reeves was overshadowed by her future self

    September 30, 2025

    The Chancellor’s speech yesterday was overshadowed by one she hasn’t yet delivered; that’ll be the Budget, on 26 November. The whole country knows that the November Budget is going to be painful, one way or another, and its inevitable constraints (in fact, just the timing of it) meant that Reeves wasn’t able to say much [...]

  • Starmer warns of ‘long and difficult road’ to build fairer country

    September 29, 2025

    Prime Minister Keir Starmer will tell Labour members that the government faces a “long and difficult” path towards rebuilding the country in a speech set to define his leadership after a troubled year in office.  Starmer’s speech on Tuesday afternoon will warn the audience at the Labour Party Conference that decisions will not be “cost-free”, [...]

  • Rachel Reeves warns ‘harder choices’ coming at Budget 

    September 29, 2025

    Chancellor Rachel Reeves has warned that her choices will be “harder” at this year’s Budget, with questions being raised on whether she will row back on Labour manifesto tax commitments to plug a £30bn shortfall. In a speech at the Labour Party conference, Reeves said that “harsh global headwinds” and the effects of her Tory [...]

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