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 [...]
Monetarists warn of ‘severe recession’ and risk of deflation as money supply falls November 9, 2023 Monetarists are warning that the UK is facing a "severe recession" as the money supply falls sharply in the face of the Bank of England's interest rate hikes.
This year we’re dreaming of a Bezos Christmas as Amazon defies a recession November 7, 2023 Amazon has managed to defy the sluggish growth of a recession with its vast offering of products, writes Julian Skelly
Fall in bank lending adds to fears that UK recession already underway October 30, 2023 The higher cost of borrowing is weighing heavily on consumer demand for new loans in a sign that the Bank of England's interest rate hikes are slowing economic activity.
Porsche defies economic gravity as luxury cars outpace recession fears October 25, 2023 Porsche reported a jump in sales and profits thanks to strong performances from its bestselling Cayenne series and all-electric Taycan.
UK factories slip further into recession on cooling overseas spending July 3, 2023 Britain’s factories have plunged further into recession territory, driven by domestic and foreign buyers reining in spending amid intense economic uncertainty, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) for the UK’s manufacturing industry slipped to 46.5 in June from 47.1 [...]
Recession over as UK GDP grows faster than expected in first quarter May 10, 2024 Economists think the UK will grow 0.4 per cent this year, although the Office for Budget Responsibility (OBR) expects a 0.8 per cent expansion.
Small business confidence leaps higher as end to UK recession gathers steam May 8, 2024 Confidence among small businesses leapt higher in the first quarter of the year, according to the Federation of Small Businesses (FSB), in a sign that the UK's recovery from recession continues to gather steam.
UK to bid recession farewell as debate over state of the economy heats up May 7, 2024 New figures out this week are set to show that last year's shallow recession has come to an end as political debate about the state of the economy heats up.
UK recession confirmed as revised figures deal fresh blow to Rishi Sunak March 28, 2024 Latest official figures have confirmed that the UK fell into recession at the end of last year in a blow to prime minister Rishi Sunak's economic policy.