Bank of England’s Taylor: High rates could push UK into recession Economics The UK risks heading into a recession that will be “difficult to contain” if interest rates are kept on hold into next year, a Bank of England rate-setter has said in a speech that has further exposed widening splits between policymakers over the best path for borrowing costs. In a set of dovish comments made [...]
Recession fears spike after Trump threatens new China tariffs Economics President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled. Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy. The President [...]
Watch: Is the UK at risk of recession? Video We were told this would be the most pro-business government in the history of the country – so why have a gang of top chief executives this week fired warning shots at the Treasury – and why has one of them warned that we’re heading into a recession? It wasn’t supposed to be like this. [...]
Top retail boss warns UK heading into recession September 24, 2025 The boss of AO World has warned that inflation, new red tape around hiring and higher taxes are quickly pushing the UK into a recession. “We’ve lived through a few recessions in the last 25 years – I think we’re heading into another one,” founder and CEO of AO World, John Roberts, told the BBC. [...]
US inflation jumps to 2.9 per cent, setting up key rate decision September 11, 2025 US inflation edged up to 2.9 per cent in August, leaving the Federal Reserve with a difficult decision to make on interest rates next week and all but vanquishing any chance of a ‘super-sized’ 50 basis-point cut. The Bureau of Labor Statistics said on Thursday that the annual consumer price index (CPI) figure for inflation [...]
Beware calm markets. Smooth waters don’t always signal safety August 26, 2025 As US markets prove resilient to tariff chaos, Fabio Bassi pleads a note of caution. As sailors know, calm waters don't always signal safety.
Klarna boss: AI will lead to recession and mass job losses June 7, 2025 The introduction of AI at firms could lead to a recession due to mass job losses of professionals, Klarna’s chief executive has warned. The use of AI to make work more efficient has been encouraged by leading figures, including the government itself which said it could save civil servants two weeks a year. But fintech [...]
Allianz investment boss: US in ‘sentiment recession’ May 15, 2025 The US is currently going through a “sentiment recession,” as economic indicators fail to match the increasingly sour outlook from American consumers and businesses, a boss at Allianz’s investment arm has argued. Hard economic data in the country has so far managed to hold up despite significant uncertainty, as companies frontloaded buying inventory in advance [...]
What Rachel Reeves can learn from Geoffrey Howe May 14, 2025 In 1981, Geoffrey Howe defied Keynesian orthodoxy by tightening fiscal policy during a recession – and completely changed the narrative about the British economy. Reeves must do the same, but all she offers is doom and gloom, says Paul Ormerod The UK economy is either already in or very close to a recession. Despite Rachel [...]
Trump points finger at Biden as US stocks sink amid recession fears April 30, 2025 Donald Trump has lashed out at Joe Biden, insisting that his presidential predecessor was to blame after the US economy suffered its worst-performing quarter in three years. A slew of disappointing economic data sent US stocks sharply south on Wednesday as the clearest signs yet of the damage wreaked by the White House tariff agenda [...]