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GDP

  • Labour’s growth agenda? Necessary but not sufficient.

    March 11, 2025

    Ministers will be deeply frustrated at the lack of economic growth, though they ought not to be surprised. Their own missteps have been well covered in this newspaper, and week after week new survey data reveals the extent to which government policies have dampened spirits, reduced hiring and spooked confidence. However, while their opening salvo [...]

  • Reeves eyeing spending cuts as fiscal walls cave in

    March 10, 2025

    Rachel Reeves is expected to take the chop to spending in her upcoming Spring Statement, as the government’s fiscal headroom disappears.  The Office for Budget Responsibility (OBR) is set to show a depletion in the Chancellor’s headway, according to BNP Paribas economists. This leaves the government with little options beside further tax hikes or spending [...]

  • Defence spending to rise to 2.5 per cent by 2027 via aid cuts, Starmer confirms

    February 25, 2025

    Sir Keir Starmer has announced the “biggest sustained increase in defence spending since the end of the Cold War” as he confirmed the UK would spend 2.5 per cent of GDP [gross domestic product] by 2027. The Prime Minister unveiled the policy in a statement to the House of Commons after reports he was set [...]

  • Higher taxes will force two-thirds of hospitality business to cut jobs

    February 24, 2025

    The hospitality sector will be drastically affected by higher taxes on employees’ wages, a new survey has found. A majority of businesses will reduce employment, while over one in ten have to close at least one site and just under two thirds will cancel investment, according to UKHospitality. The UK’s three core hospitality trade bodies [...]

  • UK economy hit by slump in exports to EU

    February 13, 2025

    According to the Office for National Statistics (ONS), UK exports fell 2.5 per cent in the fourth quarter, the third consecutive month of decline.

  • UK economy: Mixed signals for Rachel Reeves as GDP beats expectations

    February 13, 2025

    You can tell it has been a bleak midwinter when quarterly growth figures of 0.1 per cent sets the pulses racing.

  • GDP grows 0.1 per cent as UK economy skirts recession

    February 13, 2025

    Chancellor Rachel Reeves received a small boost after the economy unexpectedly grew at the end of last year, ensuring the UK does not face an imminent recession. Output expanded 0.1 per cent in the final three months of the year, according to the Office for National Statistics (ONS), after GDP rose 0.4 per cent in [...]

  • GDP figures to pile further pressure on Reeves as recession risks mount

    February 10, 2025

    New figures set to be released on Thursday are expected to show that the UK economy shrunk 0.1 per cent in the three months to December.

  • Great ‘British success story’: Howden Insurance breaks £3bn barrier

    February 5, 2025

    Howden Insurance is a "phenomenal British success story," its boss David Howden told City AM after the insurer announced it broke the £3bn revenue barrier

  • UK economy will ‘struggle’ to grow more than one per cent in 2025

    February 3, 2025

    The Big Four firm slashed its 2025 growth projections to 1.0 per cent, down from the 1.5 per cent forecast back in October.

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