British economy flatlines in 3rd quarter in another blow to new Labour government
2 weeks, 2 days 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 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 previous estimate of 0.1%. Treasury chief Rachel Reeves promised to turbocharge economic growth after Labour won the July election but has now seen the economy stall over the three months to September, while official figures earlier this month also pointed towards a 0.1% decline in October.

Economy Labour British  sign  breaking  blow  labour  free  stride  quarter  growth  emails  say  british  flatlines  economy  3rd

History of this topic

UK economy faces threat of ‘stagflation’ after bumpy 2024
1 week, 1 day ago

UK economy faces threat of ‘stagflation’ after bumpy 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. With the economy stalling, the watchword for 2025 is …

Flatlining economy could force Rachel Reeves to break her pledge and come back with ANOTHER tax raid, experts warn
Trending News
2 weeks, 2 days ago

Flatlining economy could force Rachel Reeves to break her pledge and come back with ANOTHER tax raid, experts warn

Daily Mail  

A sluggish economy could force Rachel Reeves to break her pledge and come back with another tax raid, a leading economist has warned. Pictured: Chancellor of the Exchequer Rachel Reeves poses with the red budget box Revised figures yesterday showed the UK saw zero growth in the three months from July to September Shadow business secretary Andrew Griffith said it …

Starmer and Reeves must be clear about the sacrifices needed to achieve econmic growth
2 weeks, 2 days 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 …

British economy flatlines in 3rd quarter in another blow to new Labour government
2 weeks, 2 days 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 …

Blow to Labour government: UK economy shows no growth in third quarter
2 weeks, 3 days ago

Blow to Labour government: UK economy shows no growth in third quarter

India TV News  

In what comes as a major setback for the Labour government in the UK, the Office for National Statistics in its latest revision of the July to September quarter, has said that the British economy showed no growth against the previous estimate of 0. In the third quarter, the British economy flatlined, according to downwardly revised official figures Monday. Treasury …

UK economy shrinks again in another blow to Reeves, new figures show
3 weeks, 5 days 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 …

British businesses say budget stifling growth
1 month, 2 weeks ago

British businesses say budget stifling growth

China Daily  

By EARLE GALE in London | China Daily Global | Updated: 2024-11-26 11:01 Britain's Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves, host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street in London, Britain, Nov 21, 2024. After surveying its 190,000 member-businesses, the organization, which is also known as the …

British businesses say budget stifling growth
1 month, 2 weeks ago

British businesses say budget stifling growth

China Daily  

Britain's Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves, host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street in London, Britain, Nov 21, 2024. After surveying its 190,000 member-businesses, the organization, which is also known as the CBI, said tax rises contained in the budget mean companies now expect to …

UK economy under Labour stalls - what that means for you and your money
1 month, 3 weeks ago

UK economy under Labour stalls - what that means for you and your money

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 …

Why did the UK economy slow in the third quarter, and what does it mean?
1 month, 3 weeks 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
1 month, 3 weeks 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, …

Britain's booming... but Labour's gloom and doom hits High Street: Government urged to stop talking the country down
3 months, 2 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 …

UK economy flatlines in July for second month running
3 months, 4 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
3 months, 4 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 …

Why did the UK economy grow over the past quarter and what does it mean?
4 months, 3 weeks 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
4 months, 3 weeks 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
4 months, 3 weeks 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
4 months, 3 weeks 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 …

Slowdown in wage growth ‘clears the path for more interest rate cuts’ by BoE this year
4 months, 3 weeks ago

Slowdown in wage growth ‘clears the path for more interest rate cuts’ by BoE this year

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. “This lends some support to our forecast that the Bank …

UK finally sees growth in economy during May
5 months, 4 weeks 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
5 months, 4 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 …

Urgent need for Labour to kick-start economic growth, say business groups
6 months ago

Urgent need for Labour to kick-start economic growth, say business groups

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 Business groups have said the …

Stalled growth bad news for UK PM
6 months, 3 weeks 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
6 months, 3 weeks 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 …

UK economy flatlined in April in a blow to the governing Conservatives ahead of the July 4 election
6 months, 3 weeks ago

UK economy flatlined in April in a blow to the governing Conservatives ahead of the July 4 election

Associated Press  

LONDON — The British economy failed to grow in April, official figures showed Wednesday, in a blow to Prime Minister Rishi Sunak who has made the return of growth and a generally calmer economic backdrop a central pillar of the Conservative Party’s election campaign. While Treasury chief Jeremy Hunt insisted the “economy is turning a corner,” his opposite number in …

UK growth outlook brighter as consumer spending set to rebound, says CBI
7 months ago

UK growth outlook brighter as consumer spending set to rebound, says CBI

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. It’s encouraging to see that the outlook for the …

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts
7 months, 2 weeks ago

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts

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 …

Huge boost for families ahead of the election as UK economy is revealed to be growing at fastest rate in two years
7 months, 4 weeks ago

Huge boost for families ahead of the election as UK economy is revealed to be growing at fastest rate in two years

Daily Mail  

The UK economy is 'going gangbusters' after growing at the fastest rate in two years in a major boost for families ahead of the general election. After the 'shortest and shallowest' recession on record, official figures beat forecasts to show GDP rose by 0.6 per cent in the first quarter of the year – the fastest rate of growth since …

UK no longer in recession after economy grows 0.6% in last quarter
7 months, 4 weeks ago

UK no longer in recession after economy grows 0.6% in 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. open image in gallery Jeremy Hunt said the economy …

The economy climbs out of recession – but, hold on, there may be a catch…
7 months, 4 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 exits recession after 0.6% growth in latest quarter
7 months, 4 weeks ago

UK economy exits recession after 0.6% growth in latest 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. ONS director of economic statistics Liz McKeown said: “After …

U.K. exits recession with better-than-expected 0.6% GDP growth
7 months, 4 weeks ago

U.K. exits recession with better-than-expected 0.6% GDP growth

The Hindu  

The data will be welcome news for Prime Minister Rishi Sunak who said the economy had “turned a corner” Britain's economy grew by the most in nearly three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Minister Rishi Sunak ahead of an …

Unemployment rate hits six-month high amid fears of a stalling economy
8 months, 3 weeks ago

Unemployment rate hits six-month high amid fears of a stalling economy

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 Britain’s unemployment rate has risen to its highest level in …

UK economy went into shallow recession in 2023: Official data
9 months, 1 week ago

UK economy went into shallow recession in 2023: Official data

Live Mint  

Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year. "The weak starting point for GDP this year means calendar-year growth in 2024 is likely to be limited to less than 1%," …

UK did go into recession at the end of 2023, according to new ONS figures
9 months, 1 week ago

UK did go into recession at the end of 2023, according to new ONS figures

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. Responding to Office for National Statistics gross domestic product quarterly …

UK probably left recession as economy grows 0.2% in January
9 months, 3 weeks ago

UK probably left recession as economy grows 0.2% in January

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. Data released by the Office for National Statistics said that GDP - a measure …

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate
10 months, 1 week ago

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate

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 U.S. economy grew at …

UK recession live: Reeves says Britain trapped in cycle of ‘decline’ as Sunak’s economy pledge ‘in tatters’
10 months, 3 weeks ago

UK recession live: Reeves says Britain trapped in cycle of ‘decline’ as Sunak’s economy pledge ‘in tatters’

The Independent  

✕ Close Hunt insists plan to bring inflation down is working despite 4 per cent increase 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 Please enter a valid email address Please enter a valid email address SIGN UP I would like …

UK in recession after bigger-than-expected year-end contraction – ONS
10 months, 3 weeks ago

UK in recession after bigger-than-expected year-end contraction – ONS

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. “Although times are still tough for many families, we …

UK fell into recession at the end of 2023 as output shrank more than expected in the fourth quarter
10 months, 3 weeks ago

UK fell into recession at the end of 2023 as output shrank more than expected in the fourth 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 The British economy fell into …

UK economy enters recession in second half of 2023 after shrinking 0.30 per cent
10 months, 3 weeks ago

UK economy enters recession in second half of 2023 after shrinking 0.30 per cent

India TV News  

Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December. The 0.3 per cent contraction in Britain's economy from October to December came after a 0.1 per cent decline between July and September. The Office for National Statistics reported a 0.1 per …

UK economy slips into recession, official data shows
10 months, 3 weeks ago

UK economy slips into recession, official data shows

Al Jazeera  

Britain’s gross domestic product shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter. The Office for National Statistics said in a statement on Thursday that Britain’s gross domestic product shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter. “The chancellor …

UK economy at risk of recession after surprise third quarter decline
1 year ago

UK economy at risk of recession after surprise third quarter decline

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. “The broader picture, though, remains one of an economy …

Recession fears as UK economy shrinks by more than expected
1 year, 3 months ago

Recession fears as UK economy shrinks by more than expected

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. Paul Dales, chief UK economist at Capital, said a …

UK slumps into the red with GDP dropping 0.5% in July as families and businesses struggle to cope with soaring interest rates... amid fears BoE is poised for more hikes
1 year, 3 months ago

UK slumps into the red with GDP dropping 0.5% in July as families and businesses struggle to cope with soaring interest rates... amid fears BoE is poised for more hikes

Daily Mail  

The UK has slumped into the red as spiking interest rates and dire weather hammered activity in July. Grim figures showed GDP dropped 0.5 per cent - far worse than the 0.2 per cent expected by analysts and the biggest fall since last December. Grim figures showed GDP dropped 0.5 per cent in July - far worse than the 0.2 …

Economy not out the woods despite bigger-than-expected jump in June, experts say
1 year, 4 months ago

Economy not out the woods despite bigger-than-expected jump in June, experts say

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. This underwhelming rebound in quarterly UK GDP highlights the …

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost
1 year, 4 months ago

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

Associated Press  

LONDON — The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in the leisure sector benefited from the warm and settled weather, official figures showed Friday. Despite the increase, the British economy is the only Group of Seven leading industrial economy yet to …

UK wages rise at record rate as unemployment jumps unexpectedly
1 year, 5 months ago

UK wages rise at record rate as unemployment jumps unexpectedly

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. The Office for National Statistics revealed that average regular pay, not including bonuses, was …

Brexit was ‘historic economic error’, says ex-US Treasury chief
1 year, 7 months ago

Brexit was ‘historic economic error’, says ex-US Treasury chief

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 …

Discover Related