All news on the topic: Economics
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John Healey weighs borrowing boost ahead of first budget
With only 12 weeks remaining before his first budget, the new chancellor, John Healey, is exploring ways to increase public investment without breaking the Treasury’s fiscal rules – and some economists are encouraging him to be bold.
720
UK ’heading into recession’ as ’job crisis’ deepens due to national insurance hike, warns recruitment firm
One of the UK’s biggest recruiters has warned that the UK is heading towards recession, blaming the chancellor’s National Insurance hike for a slump in the jobs market.
759
Budget tax hikes could push more firms into financial trouble, warns insolvency specialist
National insurance increase and higher interest rates mean company failures will stay high, says Begbies Traynor
1019
Post-Brexit border scheme to simplify trade delayed once more
Single Trade Window designed to reduce friction on imports and exports will be halted until at least 2026 amid cost fears
1015
Labour faces the risk of creating an £80bn black hole in its financial plans
Far from boosting growth, the Government’s economic plans are likely to do serious damage, making the nation’s finances much worse by the end of this decade.
953
Rachel Reeves plans to raise taxes and cut spending in the October budget
Chancellor insists she still has large black hole to fill despite stronger-than-expected growth in first half of 2024
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UK ministers urged to brace for difficult spending choices
The Treasury has made it clear that reform will be needed as Rachel Reeves begins pivotal review of public finances
927
Bank of England braced for knife-edge interest rate decision
Markets predict quarter-point cut to 5% when policymakers meet on Thursday
1127
All hands on deck: How Ukraine’s labor market is managing with a shortage of men
At a Jul. 22 meeting with IMF representatives, Ukraine’s Deputy Minister of Economy Tetyana Berezhna estimated that the country is 4.5 million people short of the population needed for economic recovery.
805
UK economy grew more than initially estimated in early 2024
The economy grew by more than initially estimated in the first three months of 2024 as the UK emerged from recession, revised official figures show.
1060
UK achieves 2 percent inflation target
The metric bolsters a beleaguered Conservative party that had made inflation a central issue ahead of the July 4 election.
1116
Analysis shows UK unemployment is increasing faster than in any other OECD country
TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April
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UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut
Drop in April is smaller than forecast but level is still lowest in almost three years
755
UK economy emerges strongly from recession
The 0.6 percent growth was stronger than analysts had expected.
852
Dragging down the dragon: China’s economic woes are unsolvable without the resumption of market reforms
China faces mounting challenges, the result of a real estate bubble, a stock market crisis, and a growing debt burden.
807
Brexit border checks to ’add billions’ to consumer bills
Post-Brexit checks will add more than £330m to annual business costs and 0.2% to food inflation over three years, the government admitted.
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Ireland benefits from €700m Brexit windfall through customs duties
Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain
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UK inflation has decreased by a smaller margin than anticipated, reaching 3.2%, which dampens hopes for a rate cut
Predictions for when Bank of England will start lowering cost of borrowing pushed back
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The implementation of new Brexit checks is projected to cost UK businesses £2 billion and could contribute to fueling inflation
Additional measures from 30 April for imported animal and plant products could hike costs by 10% in first year, says Allianz Trade
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