Economics
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.
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.