All news on the topic: Recession

Britain’s economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report.

Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.

Chancellor Rachel Reeves has insisted there is "no recession" on the horizon, despite dire economic warnings from the Bank of England and the IMF.

Germany’s economy is back on the brink of recession. However, the Eurozone economy grew more than expected in the second quarter.

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.

The Office for National Statistics said that the economy grew by 0.2% in January after shrinking 0.1% in December

Job growth in February was higher than January's revised gain of 229,000 job, but the unemployment rate rose slightly to 3.9%

International Airlines Group is expected to report sales totalling just short of 30 billion euros (£25 billion), a record yearly amount for the group

This surge happened a day after it was announced that Britain's economy had fallen into a recession

EY said it is still trying to get money from Recharge Industries, a year after it agreed to buy the site

The UK economy fell into recession at the end of 2023, new figures released this month show, but how does it compare to the Great Recession that devastated the nation in 2008?

Bank of England Governor Andrew Bailey has said that inflation does not need to reach 2% before the Bank starts cutting interest rates

Conservative MP Sir Jacob Rees-Mogg took aim at the Bank of England's response to economic events as Labour used a Commons urgent question to raise concerns over the UK falling into recession

The Shadow Chancellor Rachel Reeves could be overheard asking "where is he?" as the more junior Treasury minister Bim Afolami was sent to field questions in his boss's absence

'How much you stress and worry about your finances is actually more important than how much you are financially struggling ...' Here, we ask clinical psychologist Dr Thomas Richardson - an expert on the relationship between financial difficulties and mental health problems - how best to cope in the cost of living crisis

Spending wisely saves lives, says Fleet Street Fox. Wasting billions on PPE deals with your mates does not.

The Question Time audience ridiculed Tory minister Graham Stuart as he struggled to say whether Rishi Sunak had grown the economy as the UK slipped into a recession

For the Tories to claim this is a 'mild' recession is an insult to people trying to balance their budgets and to small business owners trying to keep their heads above water

There are concerns there will be yet more savage cuts to decimated public services - the Office for National Statistics, on Thursday, said the economy shrank by a worse-than-feared 0.3% in the final three months of last year

Justice Secretary Alex Chalk's campaign team delivered election leaflets in Cheltenham claiming there's 'good news' for the economy as Britain slipped into recession

The Japanese government reported that the economy shrank at an annual rate of 0.4% from October to December

Critics have lashed out over the 'Rishi recession' announced this morning - just hours after a mega-poll showed the Tories could be left with just 80 MPs after the election

The Office for National Statistics (ONS) today revealed GDP shrank by 0.3% between October and December 2023 - meaning the UK fell into recession at the end of last year

Rachel Reeves says Rishi Sunak's economic policies are "in tatters" after ONS data showed the UK entered a recession at the end of last year in a hammer blow to the PM

A recession is defined as two consecutive quarters - or two three-month periods in a row - where gross domestic product (GDP) declines