Economics
UK economy contracted faster than expected in October
Shadow chancellor Rachel Reeves said that the data shows that the Prime Minister was not growing the economy.
Somerset Capital to close after losing $2.5 billion of assets
The investment management firm had $10 billion in assets under management at its peak in 2018. That has since fallen off a cliff.
Jess Phillips dismantles Tory MP’s attempt to discredit Labour’s economic policy
"I'm not going to take advice from someone who voted for Liz Truss on the economy."
UK set for slower growth next year as economy lags behind G7 peers – OECD
The OECD reduced its forecast UK growth rate for 2024 to 0.7 per cent.
John McDonnell’s golden budget rule doesn’t bode well for the chancellor
"The louder the cheering on the day, the greater the disappointment by the weekend."
UK inflation drops sharply as PM says pledge has been ‘delivered’
Consumer Prices Index inflation was 4.6 per cent in October, down from 6.7 per cent in September, according to data from the Office for National Statistics.
Truss-backed economists call for cut to minimum wage
Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.
Inflation to fall markedly this month, says Bank of England governor
Andrew Bailey indicated inflation will return to its recent pattern of slowdowns after the ONS reported a pause at 6.7 per cent for September.
‘Call us’ – German minister sends apparent trading relations invitation to UK
A top German politician has indicated the EU might be open to looking again at post-Brexit relations, telling UK politicians to ‘call us’.