Reeves takes comfort in the promise of future growth May 21, 2025 The government is having a good week. The Prime Minister, in particular, has a spring in his step following his UK-EU ‘reset’ summit. Addressing MPs in the House of Commons yesterday he seemed to have grown taller. True, it only takes a glance at pictures from last week of Starmer meeting Albania’s 6ft 7in leader [...]
Week in Business: Small glass of champagne for Reeves? May 15, 2025 There was some welcome economic growth in Q1 but it's in the rear view mirror; is there any on the horizon?
Boost for Rachel Reeves as UK economy booms in first quarter May 15, 2025 The UK economy surged by 0.7 per cent in the first three months of the year, official data has shown, suggesting firms boosted production ahead of Rachel Reeves’s tax rises in April and the threat of President Donald Trump’s tariffs. Fresh data provided by the Office for National Statistics showed that the UK economy grew [...]
Lloyds’ finance boss slams ring-fencing amid waning growth forecast May 1, 2025 Lloyds‘ finance boss raised the alarm on lenders’ ability to help drive growth due to restrictions from the ring-fencing regime. The bank trimmed its UK GDP expectations and has projected a rise in unemployment in the latest warning sign for the health of the British economy. The FTSE 100 giant pencilled in 0.2 per cent [...]
Trump’s tariffs to cause pandemic-level fall in trade April 14, 2025 President Donald Trump’s tariffs are set to knock trillions of dollars off world GDP, fresh forecasts suggest, as businesses reel from major disruption to global trading patterns. A spate of new tariffs on goods ranging from European cars to Chinese toys will take the US’ effective tariff rate from 2.5 per cent to over 20 [...]
Reeves held responsible as marginal growth expected April 8, 2025 Chancellor Rachel Reeves has had to watch the UK economy trudge along since she took up residence at 11 Downing Street. But even more bad news has been forecast to come before another lot this summer, and potentially no better news later this year. This Friday, the Office for National Statistics (ONS) is poised to [...]
A low-spend way Labour can actually increase GDP? Boost morale! March 29, 2025 Consumer confidence has become a casual predictor of GDP. Labour can use this to their advantage, writes JL Partners' Callum Hunter.
UK growth nearly stagnant in last quarter of 2024 March 28, 2025 The UK economy barely grew in the final quarter of 2024 as estimates remained unchanged, figures from the Office for National Statistics (ONS) said. Chancellor Rachel Reeves has vowed to deliver growth “further and faster”. But Reeves has faced a rocky start as GDP only grew by 0.1 per cent between October and December. Previous [...]
Analysis: Why Reeves faces political pressure over the Spring Statement March 25, 2025 Over the next 24 hours, Rachel Reeves will be putting the finishing touches to Wednesday’s Spring Statement. It marks her second fiscal event as Chancellor, and – despite the promised manifesto commitment of “one major fiscal event a year” – the economic backdrop, and wider political pressure, makes it hard to see the contents of [...]
The bond markets must not be allowed block defence spending March 19, 2025 The Germans are funding increased defence spending through debt so why can’t we? The Chancellor needs to start telling a better story about the future direction of our economy, says Paul Ormerod President Trump wants European countries to spend five per cent of GDP on defence. Kier Starmer plans to increase UK spending from 2.3 [...]