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      John Healey ‘poised’ to target banks with Budget tax raid

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UK economy

  • Consumer confidence hits highest level in two years as UK ‘turns a corner’

    April 19, 2024

    "The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.

  • IMF says the UK will be the fastest-growing major economy in Europe next year

    April 16, 2024

    The projections suggest the UK economy is unlikely to generate much momentum this year, and will lag all G7 economies apart from Germany.

  • Bank of England’s hawks and doves have plenty to ponder after hot wage growth

    April 16, 2024

    Its anybody's guess what the Bank of England will make of the latest labour market figures, published this morning.

  • UK economy grows in February as recovery gathers steam

    April 12, 2024

    The figures will raise hopes that the UK economy can move on from a disappointing 2023.

  • UK economy: ‘No overall improvement’ for business in first quarter

    April 11, 2024

    "After a slight rise in Q4, levels of business confidence have remained static," the BCC said.

  • Has Tesco benefited from people trading down?

    April 10, 2024

    Britain’s largest supermarket Tesco made a profit of £2.8bn - up £300m on the prior years figure - as the grocer said a slew of price cuts helped attract customers. 

  • Services trade sees UK become world’s fourth largest exporter

    April 9, 2024

    The UK has become the world’s fourth largest exporter thanks to a boost in services, fresh trade figures have shown.

  • Forecasts by the Bank of England and the OBR are drifting apart. Is it a problem?

    April 9, 2024

    Economic forecasts by the Bank of England and the Office for Budget Responsibility are drifting further apart. Chris Dorrell explains why this could be a problem

  • Barclays: Tiktok and Instagram ‘no spend challenge’ helps push non-essential spending to two-year low

    April 9, 2024

    Non-essential spending slumped to its lowest level in over two years, a new report has found, as Brits partaking in a popular no-spend challenge bruises restaurant and retail trade.

  • UK economy ahead of rivals as prospects for 2024 look rosy

    April 4, 2024

    The UK economy has made a stronger start to the year than advanced economies around the globe, according to a closely watched survey.

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