UK unemployment falls unexpectedly as wage growth slows to two-year low August 13, 2024 UK unemployment unexpectedly fell in the three months to June while a slowdown in wage growth to its lowest level in more than two years added to signs that the jobs market is cooling.
UK business output jumps to highest level in two years as further rate cuts expected August 12, 2024 UK business output has jumped to its highest level in two years, according to a closely-watched survey, as the expectation of more interest rate cuts provide optimism for the coming months.
Will the Bank of England cut interest rates again? Experts are divided August 8, 2024 Following the decision, Governor Andrew Bailey stressed that the Bank must be careful "not to cut interest rates too quickly or by too much", but investors have drawn their own conclusions.
UK economy’s recovery from pandemic stronger than first thought August 7, 2024 The UK economy recovered from the pandemic faster than had previously been thought, new revisions from the Office for National Statistics (ONS) show. In the latest set of Blue Book revisions, the ONS upgraded their estimate for GDP growth in 2022 from 4.3 per cent to 4.8 per cent. This upgrade was a “little larger” [...]
Rachel Reeves’s investment cuts ‘concerning’ and send a ‘worrying signal’ says think tank August 7, 2024 In its latest set of forecasts, the National Institute for Economic and Social Research (NIESR) warned that the new government would fall well short of its growth target unless it lifted public investment.
Half of Britain’s millionaires are considering leaving after Labour election win August 2, 2024 Nearly half of the UK's millionaires are considering leaving the country over fears the new Labour government will hike taxes and introduce unnecessary regulations, a new study has revealed.
Business confidence rebounds to eight year high following dip in June July 31, 2024 Business confidence rebounded sharply in July, a survey revealed, as firms felt a renewed sense of optimism about the UK’s economic prospects. Overall business confidence jumped by nine points to 50 per cent this month, according to Lloyds’ Business Barometer. The rebound in confidence during July brought business confidence back up to May’s level, which [...]
Crawling back to the EU after Brexit will only end badly for Britain July 31, 2024 The new government is seeking closer ties to the EU, but Brussels will not be kind to a prodigal son, writes Paul Ormerod Clear signals are being emitted by Keir Starmer’s government on the European Union (EU). A much closer relationship is being sought on a wide range of issues such as trade and defence. [...]
Businesses no longer want the government to get out of the way July 30, 2024 A new partnership will mean government and business can co-create the opportunities for long-term investment to flow back into the UK, says Iain Anderson
The UK economy has defied gloomy expectations. Can this continue? July 25, 2024 The UK economy has surprised pundits again and again this year, growing at a much faster rate than almost anyone had expected.