GDP: UK faces ‘most dismal decade for growth in 100 years’ February 12, 2026 The UK economy had a minor expansion in the fourth quarter of 2025 coming a touch below expectations as an expected boost from the services sector failed to come to fruition. Fresh figures from the Office for National Statistics (ONS) showed the economy expanded a sluggish 0.1 per cent in three months to December 2025. [...]
Venezuela proves farce of political forecasting January 6, 2026 If history teaches us anything, it's that political forecasters almost always get it wrong. Just look at Venezuela, writes Paul Ormerod.
Reeves accused of misleading country over ‘black hole’ in public finances November 28, 2025 Rachel Reeves is in the firing line for “misleading the country” after the chair of the fiscal watchdog poured cold water over claims there was a black hole in public finances. In a new letter addressed to the chair of the Treasury select committee, the OBR chair Richard Hughes said he was taking the “unusual [...]
Interest rates to fall to 3.5 per cent City firm predicts February 27, 2025 Paul Dales, chief UK economist at the City consultancy, said it was "very unusual" for the Bank of England to cut interest rates when inflation is expected to rise further even further above target.
Economists warn of tax hikes after borrowing blow February 21, 2025 Figures from the Office for National Statistics (ONS) showed that tax receipts fell short of expectations in January due to the sluggish performance of the UK economy.
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.
Households will still feel the squeeze even if Budget boosts growth February 12, 2025 Poorer households will not see their living standards recover to pre-2022 levels for another two years despite an anticipated acceleration in economic growth, new forecasts suggest. The forecasts highlight the challenges in ensuring households across the country feel the benefit of any growth that the Labour government is able to stimulate. The National Institute for [...]
Tax or cut? Rachel Reeves faces fiscal headache before OBR forecasts February 5, 2025 The Office for Budget Responsibility (OBR) will publish its latest assessment of the UK economy on 26 March.
Businesses will ‘lick their wounds’ after Budget, even if growth picks up December 5, 2024 The BCC said the upgrades were driven by "increased levels of government spending" following the Budget.
Public spending to ‘boost growth’ next year, but inflation also set to spike December 4, 2024 In its latest economic outlook, the Organisation for Economic Co-operation and Development (OECD) projected that growth would pick up to 1.7 per cent in 2025.