Firms worry about flatlining growth amid Budget tax rises concerns October 30, 2024 Private sector firms expect to see growth flatline in the final months of the year, a survey suggests, as concerns about the Budget build. For the second successive month, the Confederation of British Industry’s (CBI) growth indicator showed that businesses do not expect to see any change in activity over the next quarter. The CBI [...]
UK economy receives hefty growth upgrade from IMF October 22, 2024 The international fiscal watchdog now expects the UK to grow 1.1 per cent in 2024, up from a previous forecast of 0.7 per cent.
UK economy returns to growth ahead of Rachel Reeves’ first Budget October 11, 2024 The UK's longer term growth performance has been disappointing and the new Labour government has pledged that wealth creation will be its "number one priority".
Cosy Club owner Loungers reports strong growth amid new openings October 8, 2024 Cafe and bar operator Loungers has said it delivered “like for like sales growth” of 4.7 per cent, amid a string of new hospitality openings boosting its portfolio. The Cosy Club, Loungers and Brightside chains owner recorded revenue of £178.3m in the half year to 6 October, up by 19.2 per cent on the previous [...]
Growth set to return but fears persist ahead of budget October 7, 2024 City economists expect figures published on Friday to confirm that the UK grew 0.2 per cent in August, having been stagnant for the two months prior.
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.
Eurozone inflation falls below target for the first time since mid-2021 October 1, 2024 Annual inflation fell to 1.8 per cent in September, down from 2.2 per cent in August and below the 1.9 per cent expected by economists.
Manufacturing remains in expansion but confidence plummets ahead of budget October 1, 2024 The fall in confidence was the largest since March 2020, just before the Covid lockdown.
Financing growth? How the City’s frailties have hamstrung productivity October 1, 2024 Championing the UK's financial system should not obscure the fact that there is plenty of room for improvement.
Dear Chancellor, a plea (and a wish list) for the Budget October 1, 2024 As Rachel Reeves's Budget approaches - and speculation heightens - Brandon Lewis sets out his growth-boosting wish list for the Chancellor.