Economics
UK risks more persistent inflation than Europe, warns Bank rate setter
Britain had faced an inflation ‘double whammy’ with both a tight jobs market and a trade shock, Megan Greene said.
UK in recession after bigger-than-expected year-end contraction – ONS
The ONS estimated that gross domestic product fell by 0.3 per cent in the fourth quarter, following a decline of 0.1 per cent in the previous three months.
Sunlit uplands latest: Brexit shrinks UK economy by 5%, with worst still to come
Britain has “significantly underperformed” compared with the EU and US since the vote to leave in June 2016, Goldman Sachs claims.
‘I’m not sure’: Laura Trott challenged over misleading government debt claims
“This is really basic… I’m amazed that you don’t know that debt is rising.”
IMF downgrades UK growth forecast and blasts Govt’s ‘unrealistic’ spending plans
The body’s chief economist said: ‘We would advise against further discretionary tax cuts as envisioned and discussed now.’
Bank of England ‘losing the battle against inflation’
Once again, "diligent homeowners are forced to shoulder the burden of getting inflation under control, while the banks continue to reap the benefits" - analysis.
Leading economic forecaster says inflation is about to fall rapidly
Good news on the economy as Oxford Economics, a leading forecaster, predicts swifter fall in inflation than previously thought
Recession looms as UK economy underperforms in last two quarters
“Rishi Sunak failed to beat Liz Truss, he failed to cut waiting lists, he failed to stop the boats and now he has failed to grow the economy", Rachel Reeves said.
Sunak’s pledge to reduce debt in dire straits – ONS figures show
The Government has borrowed over £24 billion more so far this financial year compared with a year ago.