New data: UK tax take rising faster than any other rich country UK Economy Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.
IMF says the UK will be the fastest-growing major economy in Europe next year UK Economy The projections suggest the UK economy is unlikely to generate much momentum this year, and will lag all G7 economies apart from Germany.
Jeremy Hunt declares he is ready to ‘cut taxes and bet on growth’ Politics Chancellor Jeremy Hunt has declared he is ready to “cut taxes and bet on growth” after the UK’s gross domestic product (GDP) grew again in February.
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.
Five graphs that explain the UK economy ahead of GDP, inflation and unemployment data April 10, 2024 The great challenge for the UK economy is to restore some degree of growth following a very sluggish 2023.
UK economy: Business output at highest level since May 2022 as recovery continues April 8, 2024 Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report.
UK economy: ‘Worst is behind us’ as optimism among finance bosses rises again April 8, 2024 With inflation falling fast and interest rates likely to be cut in a matter of months, CFOs are much more confident about their business prospects than is normally the case.
UK services sector continues to grow driving fears of ‘sticky’ inflation April 4, 2024 Firms in the service sector noted that economic conditions were slowly improving, but flagged household incomes remained constrained due to higher interest rates.
Why economists might be underestimating the UK economy April 3, 2024 French argues that "household balance sheets have never been healthier," a point which he argues the consensus is underestimating.