Economics
‘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.
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."