New figures show UK economic growth weaker than first thought
5 months, 3 weeks ago

New figures show UK economic growth weaker than first thought

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Growth across the UK economy was weaker than previously thought over the spring, according to official figures. open image in gallery Chancellor Rachel Reeves has said she is ‘under no illusion about the scale of the challenge’ the country faces GDP increased by 0.7% over the first quarter, between January and March, unrevised figures showed, marking the end of the shallow recessionary period. Liz McKeown, director of economic statistics for the ONS, said: “Today’s updated GDP figures for 2023 and 2024 include new annual survey data, VAT returns and updated information about the relative size of each industry for the first time. “Our latest data show that household savings continue to increase and are now at their highest rate since the Covid-19 lockdowns.” The household saving ratio is estimated at 10% in the latest quarter, up from 8.9% over the start of the year, meaning people were keeping more of their disposable income locked into savings.

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UK economy shrinks 0.1% in January, adding pressure on Labour government
1 week, 4 days ago

UK economy shrinks 0.1% in January, adding pressure on Labour government

India Today  

The British economy unexpectedly shrank during January, piling pressure on Treasury chief Rachel Reeves before a key statement about the state of the public finances later this month. Though monthly figures are notoriously volatile and prone to future revision, the decline puts in sharp relief the struggles the Labour government, elected last July after 14 years in opposition, is having …

Fact check: The UK avoided recession in the last two quarters of 2024
1 month, 1 week ago

Fact check: The UK avoided recession in the last two quarters of 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. By looking at more granular data it shows that …

Yes, we’ve avoided recession – but don’t crack open the champagne, just yet
1 month, 1 week ago

Yes, we’ve avoided recession – but don’t crack open the champagne, just yet

The Independent  

The good news is true: we’ve officially avoided a recession. The blame falls squarely on the shoulders of chancellor Rachel Reeves for thinking that hiking business taxes was the easiest way out of the fiscal hole she found herself in when she entered office – one that the electorate wouldn’t notice. ‘To turn things around, Rachel Reeves badly needs to …

The real recession? Brits endure a second successive quarter of falling wealth despite overall GDP recording a surprise 0.1% bump - as high immigration masks impact of Labour's squeeze
1 month, 1 week ago

The real recession? Brits endure a second successive quarter of falling wealth despite overall GDP recording a surprise 0.1% bump - as high immigration masks impact of Labour's squeeze

Daily Mail  

Brits have endured a second successive quarter of falling wealth as high immigration masked Labour's slowdown. GDP rose by 0.1 per cent between October and December - barely detectable, but significantly better than the 0.1 per cent contraction analysts had pencilled in. On a per head basis, GDP fell by 0.1 per cent in the fourth quarter, reflecting the rise …

Does GDP growth mean ‘more money in your pocket’?
1 month, 1 week ago

Does GDP growth mean ‘more money in your pocket’?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “And that’s why I am determined to go further and faster in delivering the economic …

UK economy ekes out modest growth in final quarter of 2024 after strong December
1 month, 1 week ago

UK economy ekes out modest growth in final quarter of 2024 after strong December

Associated Press  

LONDON — The British economy managed to eke out quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December. The quarterly increase followed no growth in the previous three months and may ease some of the pressure on Treasury chief Rachel Reeves, who critics say has been partly responsible for the economic …

Stagflation threat rises as Bank of England downgrades growth to spark fears of economic crisis: Live
1 month, 2 weeks ago

Stagflation threat rises as Bank of England downgrades growth to spark fears of economic crisis: Live

The Independent  

Chancellor Rachel Reeves has said she is ‘not satisfied’ with the UK’s growth rate Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. …

UK economic growth forecasts downgraded for 2025 – EY
1 month, 3 weeks ago

UK economic growth forecasts downgraded for 2025 – EY

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stagnant growth late last year …

Britain's economic growth stopped after Labour's election victory
1 month, 3 weeks ago

Britain's economic growth stopped after Labour's election victory

Daily Mail  

Britain's economy 'ground to a halt' at the end of 2024 after Labour's election victory, a damning report found. A report last week from restructuring experts Begbies Traynor showed the number of British firms on the brink of collapse has surged by 50 per cent. Concern: A report from restructuring experts Begbies Traynor showed the number of British firms on …

U.S. economy grows solid 2.3% in October-December on eve of Trump return to White House, 2.8% in ’24
1 month, 3 weeks ago

U.S. economy grows solid 2.3% in October-December on eve of Trump return to White House, 2.8% in ’24

Associated Press  

WASHINGTON — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. But a category within the GDP data that measures the economy’s underlying strength rose at a healthy 3.2% annual rate from July through September, slipping from …

U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024
1 month, 3 weeks ago

U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024

LA Times  

Young shoppers look over a row of large-screen televisions on display in a Costco warehouse Dec. 19, 2024, in Denver. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December. But a category within the GDP data that measures the economy’s underlying …

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF
2 months ago

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Of course, some of the Budget is financed by …

UK set to be the fastest growing European economy as IMF forecast gives boost to Reeves
2 months, 1 week ago

UK set to be the fastest growing European economy as IMF forecast gives boost to Reeves

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery The chancellor has been under pressure over the struggling economy “The …

UK economic growth: How it affects jobs, saving money and more explained
2 months, 1 week ago

UK economic growth: How it affects jobs, saving money and more explained

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In economics circles, this - along with slower inflation …

PM warns it will take time to revive economy after weaker-than-expected growth
2 months, 1 week ago

PM warns it will take time to revive economy after weaker-than-expected growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Turning the UK economy around …

UK economy fails to grow, registers 0% quarterly growth
3 months ago

UK economy fails to grow, registers 0% quarterly growth

Firstpost  

In a blow to promises of Prime Minister Sir Keir Starmer, the British economy failed to grow in the July-September quarter and registered 0 per cent growth The British economy failed to grow in the July-September quarter and registered 0 per cent growth. The British Office for National Statistics on Monday revised the earlier quarterly growth estimate of 0.1 per …

British economy flatlines in 3rd quarter in another blow to new Labour government
3 months ago

British economy flatlines in 3rd quarter in another blow to new Labour government

Associated Press  

LONDON — The British economy flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made growth its number one mission. In its latest revision of the July to September period, the Office for National Statistics said the British economy showed no growth against the …

British economy flatlines in 3rd quarter in another blow to new Labour government
3 months ago

British economy flatlines in 3rd quarter in another blow to new Labour government

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The British economy flatlined in …

UK economy shrinks again in another blow to Reeves, new figures show
3 months, 1 week ago

UK economy shrinks again in another blow to Reeves, new figures show

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves said the figures were disappointing “We are determined to deliver economic growth as …

Private sector output shrinks for first time in more than a year
4 months ago

Private sector output shrinks for first time in more than a year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Activity across the UK’s private …

Reeves ‘not satisfied’ as economic growth slows in third quarter
4 months, 1 week ago

Reeves ‘not satisfied’ as economic growth slows in third quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves has said …

Global stocks weaken amid ‘lacklustre’ UK economic growth data
4 months, 1 week ago

Global stocks weaken amid ‘lacklustre’ UK economic growth data

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top European markets have ended …

Why did the UK economy slow in the third quarter, and what does it mean?
4 months, 1 week ago

Why did the UK economy slow in the third quarter, and what does it mean?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chancellor Rachel Reeves has said she is “not satisfied” …

UK Treasury chief says she’s not satisfied by paltry third-quarter economic growth
4 months, 1 week ago

UK Treasury chief says she’s not satisfied by paltry third-quarter economic growth

Associated Press  

LONDON — Britain’s Treasury chief Rachel Reeves said Friday that she is “not satisfied” by official figures showing the British economy’s rebound from recession slowed down sharply in the third quarter of the year, as the country’s top central banker voiced his concerns about the economic damage wrought by the U.K.'s departure from the European Union. The Conservatives’ Treasury spokesperson, …

UK economy stalls: Slowdown fears as GDP goes into the red in September and ekes out just 0.1% growth over third quarter - with Budget tax hit still to come
4 months, 1 week ago

UK economy stalls: Slowdown fears as GDP goes into the red in September and ekes out just 0.1% growth over third quarter - with Budget tax hit still to come

Daily Mail  

Labour was accused of talking the economy into a slowdown today as figures showed just 0.1 growth in the third quarter. A fall in production sparked the dip in GDP seen in September The UK performance in the three months to September was worse than analysts had expected - with the final month seeing a 0.1 per cent fall in …

UK economic growth upgraded this year amid ‘temporary boost’ from spending
4 months, 3 weeks ago

UK economic growth upgraded this year amid ‘temporary boost’ from spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy is set …

US economy is believed to have grown at a solid pace again last quarter
4 months, 3 weeks ago

US economy is believed to have grown at a solid pace again last quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Powered by consumer spending, the …

UK economic growth forecasts downgraded for next two years – economists
5 months ago

UK economic growth forecasts downgraded for next two years – economists

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. EY Item Club’s latest quarterly economic forecast also suggested that caution by Bank of …

Why did the UK economy grow in August and what does it mean?
5 months, 2 weeks ago

Why did the UK economy grow in August and what does it mean?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Gross domestic product – or GDP – is the …

OECD optimistic about UK's economy
5 months, 3 weeks ago

OECD optimistic about UK's economy

China Daily  

Buses cross Waterloo Bridge with the City of London financial district seen behind, in London, Britain, March 5, 2024. In an optimistic assessment likely to please the UK's new Labour Party government, the Paris-based organization said it expects the UK economy to be the joint-second fastest-growing among G7 nations. In its latest twice-yearly global economic outlook, the OECD predicted the …

Britain's booming... but Labour's gloom and doom hits High Street: Government urged to stop talking the country down
5 months, 3 weeks ago

Britain's booming... but Labour's gloom and doom hits High Street: Government urged to stop talking the country down

Daily Mail  

Labour has been urged to stop talking the country down after it was handed the biggest growth upgrade in the G7 but was warned that its doom-mongering was deterring ­consumer spending. The Organisation for ­Economic Cooperation and Development said Britain's gross domestic product will grow by 1.1 per cent this year, up from a previously forecast 0.4 per cent. But …

FTSE 100 ends day slightly down after UK economic growth flatlines
6 months, 1 week ago

FTSE 100 ends day slightly down after UK economic growth flatlines

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 had a …

UK economy flatlines in July for second month running
6 months, 2 weeks ago

UK economy flatlines in July for second month running

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy flatlined in …

Economy flatlines as UK sees no growth for second month in a row
6 months, 2 weeks ago

Economy flatlines as UK sees no growth for second month in a row

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s economy saw a second month of stagnation in …

UK economic outlook brighter but growth held back by ‘uncertainties’, says BCC
6 months, 2 weeks ago

UK economic outlook brighter but growth held back by ‘uncertainties’, says BCC

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s economy is set to …

GDP: How consumers saved the day as government spending slowed during polls
6 months, 3 weeks ago

GDP: How consumers saved the day as government spending slowed during polls

Live Mint  

The Indian economy grew 6.65% in the first quarter of the current financial year, a notable slowdown from the 7.76% recorded in the previous quarter. For much of last year, even as GDP growth kept breaching the 8% mark, private consumption lagged at the halfway mark, raising concerns about the robustness of the growth momentum. In the June-ended quarter, however, …

Global stock markets bolstered as UK growth steady after recession
7 months, 1 week ago

Global stock markets bolstered as UK growth steady after recession

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 moved higher …

Why did the UK economy grow over the past quarter and what does it mean?
7 months, 1 week ago

Why did the UK economy grow over the past quarter and what does it mean?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy posted another …

UK economy the fastest growing in the G7 in 2024, economists say
7 months, 1 week ago

UK economy the fastest growing in the G7 in 2024, economists say

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That is why we have made economic growth our national …

UK economy grows 0.6% between April and June as it recovers from recession
7 months, 1 week ago

UK economy grows 0.6% between April and June as it recovers from recession

Associated Press  

LONDON — Britain’s economy continued its recovery from recession at the end of last year, with its GDP increasing by 0.6% between April and June, official figures showed Thursday. “The U.K. economy has now grown strongly for two quarters, following the weakness we saw in the second half of last year,” said Liz McKeown, director of economic statistics at the …

UK growth slows slightly in second quarter
7 months, 1 week ago

UK growth slows slightly in second quarter

Hindustan Times  

Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday. UK growth slows slightly in second quarter The country's economy is growing after it exited a mild recession at the end of last year, helped by inflation falling back from four-decade highs. "The new …

Economic growth revised up sharply in boost for Britain
7 months, 2 weeks ago

Economic growth revised up sharply in boost for Britain

The Telegraph  

The ONS said it now knew the economy was bigger that year because it has richer figures available from annual surveys and administrative data. When factoring in how much the British population grew and the better growth figures, the revisions mean real gross domestic product per head improved marginally at 0.1pc. The ONS also reviewed how much the economy grew …

Britain to be fastest growing major European economy, IMF predicts
8 months, 1 week ago

Britain to be fastest growing major European economy, IMF predicts

The Telegraph  

Thanks for joining me. 5 things to start your day 1) National Grid: Britain will remain dependent on gas for years | Forecasts predict higher than expected demand, in blow to net zero ambitions 2) We’re not a c----- employer, insists Wetherspoon boss after attack by union chief | Rebuttal comes as chain is accused of being ‘anti-union’ and offering …

UK finally sees growth in economy during May
8 months, 1 week ago

UK finally sees growth in economy during May

China Daily  

Buses cross Waterloo Bridge with the City of London financial district seen behind, in London, Britain, March 5, 2024. The United Kingdom economy bounced back in May, showing signs of growth after a stagnant April and marking a continuation of the country's recovery from last year's recession. The Office for National Statistics, or ONS, reported a 0.4 percent increase in …

UK economy returns to growth in May
8 months, 2 weeks ago

UK economy returns to growth in May

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. ONS director of economic statistics Liz McKeown said: “The …

Why has the UK’s economy grown so slowly under the Tories?
8 months, 3 weeks ago

Why has the UK’s economy grown so slowly under the Tories?

Al Jazeera  

Economic growth under Conservative government is lowest since 1826, experts say. While UK Prime Minister Rishi Sunak has insisted the economy has “turned a corner” amid a return to growth and falling inflation, Britons are projected to dump the Conservatives in favour of the Labour Party, led by human rights lawyer-turned-politician Keir Starmer. GDP per hour worked increased by an …

£10,200: How much worse off Britons are after 14 years of Tory rule
8 months, 3 weeks ago

£10,200: How much worse off Britons are after 14 years of Tory rule

Al Jazeera  

Britons have lost the equivalent 15 weeks of wages based on comparisons with pre-2010 growth trend. UK Prime Minister Rishi Sunak’s Conservatives are widely expected to be deposed by the Labour Party, led by human rights lawyer-turned-prosecutor Keir Starmer, which has for months led the polls by about 20 points. Between 2007 and 2022, the UK’s gross domestic product per …

Stalled growth bad news for UK PM
9 months, 1 week ago

Stalled growth bad news for UK PM

China Daily  

By Earle Gale in London | China Daily Global | Updated: 2024-06-13 04:27 UK Prime Minister Rishi Sunak addresses the audience during a Sky News election event with Sky's political editor Beth Rigby, in Grimsby, Britain on June 12. The United Kingdom's economic growth during the first few months of the year stalled in April, piling more pressure on Prime …

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes
9 months, 1 week ago

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy recorded no growth in April in a blow …

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