Next government will have to increase taxes ‘aggressively’ or ‘do a Liz Truss’ June 25, 2024 UK government debt could be at risk of a sell-off if the next government needs to increase borrowing by more than expected, a major investor in gilts has warned.
On the whole, the economy is on the up – but only just June 25, 2024 The UK reported surprisingly strong growth in the first quarter of this year, outpacing every other G7 economy. However, recent figures have been less positive.
Nine in 10 financial firms expect to perform well over next year despite economic challenges June 24, 2024 Almost nine in 10 financial services firms are confident they will perform well over the coming year, data shared exclusively with City A.M. suggests, although economic pressures remain a leading concern ahead of the general election on 4 July.
Vanguard chief economist: UK economy primed for success regardless of election winner June 24, 2024 The UK is primed to surge to success into next year regardless of who wins the election, Vanguard's top economist has said.
Labour could face £7bn bill to keep public sector unions onside: leading think tank June 23, 2024 Labour would need to find roughly £7bn to fund pay deals due immediately after the general election, a think tank has warned, as unions demand public sector pay return to its pre-austerity value.
UK economy has slowest private sector growth since November as manufacturing at 26-month high June 21, 2024 The Flash UK Manufacturing Output Index was at 54.2 in June, compared to May: 53.4 in May, which was a. 26-month high.
UK borrowing totalled £15bn last month as debt nears 100 per cent of GDP June 21, 2024 In fresh figures from the ONS, public sector net debt, excluding public sector banks, was just under 100 per cent of total GDP.
Consumer confidence rises again in June as economic outlook improves June 21, 2024 Consumer confidence picked up again in June, a new survey shows, in a sign that the improving economic outlook is slowly feeding through into household budgets.
The big unknown that will decide the August interest rate decision June 20, 2024 An August interest rate cut depends on the data. (When does it not...) But there is another big unknown.
Euro 2024 effect: Brits more than double their spending on ‘all things football’ June 20, 2024 With Euro 2024 now in full swing Brits have more than doubled the amount they're shelling out on football-related purchases with match tickets, merchandise and pre-game pints all driving up consumer spending.