Keir Starmer insists the UK economy WILL rebound as he faces MPs with alarm building over Labour's Budget raid sparking surging inflation and fears of a recession
3 months, 1 week ago

Keir Starmer insists the UK economy WILL rebound as he faces MPs with alarm building over Labour's Budget raid sparking surging inflation and fears of a recession

Daily Mail  

Keir Starmer today insisted the UK economy will rebound amid fears that Labour's Budget is hammering businesses. The Prime Minister said he was still committed to the UK having the highest 'sustained growth' in the G7 group of leading nations by the end of Labour's first term. But at the same time there are fears that UK plc could slip into recession following Rachel Reeves' huge Budget tax raid. On Wednesday inflation rose for the second month in a row in November, hitting 2.6 per cent to further increase pressure on Labour Chancellor Rachel Reeves over her Budget's impact on the country.

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History of this topic

UK economy unexpectedly shrinks in January, in blow to Treasury chief ahead of key statement
1 week, 5 days ago

UK economy unexpectedly shrinks in January, in blow to Treasury chief ahead of key statement

Associated Press  

LONDON — 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, …

UK economy shrinks 0.1% in January, adding pressure on Labour government
1 week, 6 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 …

Starmer and Reeves must be clear about the sacrifices needed to achieve econmic growth
3 months ago

Starmer and Reeves must be clear about the sacrifices needed to achieve econmic growth

The Independent  

No amount of political tinsel or rhetorical baubles can disguise the grim reality that the British economy is flatlining. Equally plainly, the downbeat mood struck by Labour ministers following the general election, with their talk of a crisis in the public finances, cannot have helped matters; and if the latest surveys are anything to go by, Ms Reeves’s Budget measures …

Budget will boost living standards, revive NHS and ‘rebuild Britain’ – Starmer
5 months, 2 weeks ago

Budget will boost living standards, revive NHS and ‘rebuild Britain’ – Starmer

The Independent  

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There is one area where ‘steady Starmer’ can’t afford to be cautious
8 months, 2 weeks ago

There is one area where ‘steady Starmer’ can’t afford to be cautious

The Independent  

Rachel Reeves deliberately buried the most significant part of her first big speech as chancellor by outlining lots of important measures to boost growth such as streamlining planning laws and building more homes. Another possible escape route from the UK’s doom loop of low growth, low productivity, high tax and high debt was mapped out by Tony Blair at his …

Markets liked the election result. Maybe the economy really is going to get better
8 months, 3 weeks ago

Markets liked the election result. Maybe the economy really is going to get better

The Independent  

Make no mistake, the markets liked the UK election result. “The UK’s economic backdrop is suggesting this could be 1997 again,” says Michael Browne, chief investment officer at Martin Currie. We’ve been here before, in 1997 when a currency strength and falling gilt yield supported a positive outlook for UK equities.” Rishi Sunak may have taken a pasting at the …

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

The economy climbs out of recession – but, hold on, there may be a catch…
10 months, 2 weeks ago

The economy climbs out of recession – but, hold on, there may be a catch…

The Independent  

“Wow,” was the reaction of one economist as the UK officially exited last year’s recession at a speed no one had really expected. “The economy looks to have turned a corner, leaving recession firmly behind it,” said Investec’s Ellie Henderson. Which brings us to the real sting in the tail from this – and there’s always one: the City immediately …

UK Economy Rebounds in January After Slipping Into Recession
1 year ago

UK Economy Rebounds in January After Slipping Into Recession

Hindustan Times  

The UK economy rebounded in January, registering modest growth after falling into a technical recession in the second half of last year. “Momentum is likely to remain weak in the near-term, but the outlook for this year is improving.” Growth in January was boosted by strong retail sales as a 2 percentage point cut in national insurance, a payroll tax, …

UK economy to avoid recession but inflation still a worry, IMF says
1 year, 10 months ago

UK economy to avoid recession but inflation still a worry, IMF says

Associated Press  

LONDON — The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. IMF Managing Director Kristalina Georgieva said at a press briefing in London that the latest assessment reflects “favorably” on the U.K. in comparison to other countries in the Group of Seven leading industrial nations. Despite the more …

Starmer: UK will be poorer than eastern Europe if Tory ‘doom-loop’ continues
2 years, 1 month ago

Starmer: UK will be poorer than eastern Europe if Tory ‘doom-loop’ continues

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

UK still heading for recession despite October bounce back, warn experts
2 years, 3 months ago

UK still heading for recession despite October bounce back, warn experts

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 rebounded in October …

UK economy shrinks as lengthy recession looms
2 years, 4 months ago

UK economy shrinks as lengthy recession looms

Al Jazeera  

New data provides a sobering backdrop for a budget unveiling that seeks to convince investors that the UK can fix its finances. The United Kingdom’s economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge for finance minister Jeremy Hunt as he prepares to raise taxes and …

UK economy rebounds by 0.5% despite cost-of-living crisis
2 years, 8 months ago

UK economy rebounds by 0.5% despite cost-of-living crisis

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 has returned …

UK set for severe drop in living standards, as inflation curbs growth
3 years ago

UK set for severe drop in living standards, as inflation curbs 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 Brits are set for the …

UK economy grows 4.8% as hospitality bounces back from lockdown
3 years, 7 months ago

UK economy grows 4.8% as hospitality bounces back from lockdown

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 Rishi Sunak said the latest figures showed the …

Is the UK economy ready to rebound like a ‘coiled spring’?
4 years, 1 month ago

Is the UK economy ready to rebound like a ‘coiled spring’?

The Independent  

The Office for National Statistics confirmed on Friday that the UK economy suffered its most disastrous year in three centuries in 2020, contracting by almost 10 per cent thanks to the pandemic and the various lockdowns it compelled. But the news coincided with the arrival of an argument from the Bank of England’s chief economist, Andy Haldane, who wrote in …

A growing workforce, but is it becoming less efficient?
5 years, 3 months ago

A growing workforce, but is it becoming less efficient?

The Independent  

The memory plays tricks. open image in gallery We knew it could not go on, but we had no idea: that mighty banks would tumble; the financial markets would suffer a severe wound; governments would have to use taxpayers’ cash to mount a lifeboat rescue operation; and that the consequences would include, alongside a dramatic tightening of belts, the imposition …

UK hobbled by imbalances takes another kicking from Brexit
8 years, 9 months ago

UK hobbled by imbalances takes another kicking from Brexit

Live Mint  

London: Life’s not getting easier for the UK economy. “This looks like a big negative shock to output, and we’re going to see some move to stimulus.” In addition to potentially putting another dent in the economy, the referendum fallout is another moving part that BOE officials must digest as they calibrate policy settings. “Now it’s completely unknown what will …

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