The big unknown which will determine the short-term future of the economy October 1, 2024 Consumption has taken a much bigger hit in the UK since the pandemic than in either the eurozone or the US.
Tory conference: Hunt warns Labour against ‘catastrophic’ Budget tax hikes September 30, 2024 Jeremy Hunt has warned Labour against making “catastrophic mistakes” in the Budget and hiking up “tax in a way that destroys growth”. The shadow Chancellor issued a stark warning to the government as he spoke at the annual Conservative Party conference in Birmingham. Asked at an in-conversation event on Monday, if things could get worse, [...]
UK growth revised down to 0.5 per cent in second quarter September 30, 2024 Liz McKeown, ONS director of economic statistics, said the updated figures included new survey data, VAT returns and updated information about the size of different industries.
Has Labour overdone the doom and gloom? September 24, 2024 Many economists and City business groups have argued that this risks damaging growth. After all, why would households spend and businesses invest in a climate of fear?
UK economy: Growth continues but budget concerns ‘jangling nerves’ September 23, 2024 PMIs, which measure business activity in the private sector, are closely watched for clues about the economy’s performance.
Economists are not concerned by the lastest GDP figures. They should be September 11, 2024 The growth party was always going to end sooner or later. In the first half of 2024, the economy exceeded expectations month after month, making the UK the fastest-growing economy in the G7. One statistician at the ONS even said the economy was growing “gangbusters“. Alas, nothing lasts forever. Figures out this morning showed that the [...]
GDP unexpectedly stagnates in July following strong first half of 2024 September 11, 2024 The figures returned the UK to growth after GDP was flat in June and represent a positive start to the second half of the year.
Government faces ‘grim reality’ on national debt, peers warn September 10, 2024 "If we wish to improve the level of and quality of services, and continue the current provision of benefits, taxes will need to rise. The alternative is that the state does less," the report said.
Labour must address long-term sickness to get the economy growing September 10, 2024 Solving the problem of the UK's long-term sickness crisis could radically boost GDP and tax revenues. It should be a top priority for Labour, Chris Dorrell writes
UK’s momentum remains ‘healthy’ ahead of latest GDP figures September 9, 2024 Economists think that the latest monthly GDP figures, set to be released on Wednesday, will show that the economy grew 0.3 per cent in July.