All news on the topic: Recession

Andrew Bailey said the banking system had proved to be more resilient than in the past, but said there was a 'puzzle' over the share prices of major lenders

Rishi Sunak claimed the economy has 'turned a corner' as he faces a tricky week which could see official figures confirm the UK went into recession at the end of last year

The strong performance came in ahead of previous expectations for the industry, according to a new survey

Representatives from TUI, Jet2, and Ryanair have urged hotel and holiday let owners on Canary Islands including Tenerife and Lanzarote to keep their prices low

The EY Item Club has upgraded its outlook for UK growth in 2024, to 0.9% from the 0.7% it previously pencilled in last October

Gross domestic product, which is a measure of the size and health of the economy, was downgraded for the three months from July to September, new figures show

Meanwhile, more than a fifth were worried about tax hikes, and the risk of recession, while 19% said rising business rates were their biggest concern, the research found

Both a recession and an election is looming and Tory leader Rishi Sunak is failing to heal the rifts and factionalism in his own party caused by his disastrous Rwanda scheme, Keir Mudie writes

Dr Miriam Stoppard shares fascinating research from Loughborough University that shows how a lack of love in childhood delays development, and could even kill

The UK economy is in a "horrible fiscal bind" as it heads for recession and with no room to cut taxes or increase public spending amid mounting political pressure on the Chancellor to do so, according to a report

The Institute for Fiscal Studies says weak economic growth and stubbornly high inflation leave “no room” for unfunded tax cuts or spending increases any time soon

The UK's blue chip index has moved higher as official figures showed the economy bounced back in August, further dampening fears of an impending recession

The MPC member said the impact of rising rates on younger and lower-income workers is "going to be pretty equally balanced"

As house republicans struggle to reach an agreement over budgets, the government faces a shutdown and workers face no pay. Experts said this could further weigh down an already struggling economy.

As more people are facing hunger and the threat of a recession looms, the Tories cannot keep trying to blame this crisis on the pandemic and war in Ukraine

Economists at Bloomberg are expecting a 'shallow' recession as the Bank of England puts up interest rates - but the experts believe this will likely by over by next year's election

Kevin Maguire writes that Jeremy Hunt is relaxed about plunging Britain into recession - no wonder Labour and Keir Starmer are enjoying healthy double-digit poll leads

The Bank of England has hiked interest rates repeatedly to tackle inflation - in a hit to mortgage payers - and experts have warned they could raise them higher than the current 4.5% next month

The US has raised its debt ceiling limit multiple times in the last decade up to $13.4 trillion but a deal must be struck before the end of the month to avoid default which could spark a terrible recession

Financial authorities are now trying to prevent problems spreading throughout the global banking system and a repeat of the disastrous financial meltdown of 2008

Mirror Money editor Levi Winchester rounds up all the key personal finance announcements that appeared in the Budget today so you can see how they will impact your wallet

The forecast came as the Chancellor Jeremy Hunt unveiled his Budget for 'growth' and said the economy will swerve a 'technical recession' in 2023.

The summit was held at Ditchley Park country house and was attended by both Leave and Remain figures and Labour's shadow Foreign Secretary David Lammy, reports say

The figures come amid predictions that about one in four will be "unable to meet in full their planned energy and food bills from their post-tax income" in the 2023-24 financial year

The National Institute of Economic and Social Research issues its latest quarterly briefing - warning of misery for households across the UK and attacking Tory levelling-up claims