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Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investorsFears about the health of the global economy have intensified following downbeat news about service sector activity in China, the eurozone and the UK.Share prices f…
Poor performance in services industry and manufacturing is mirrored in eurozone Britain’s policymakers have been put on recession alert after a closely watched measure of economic health showed the UK gripped by a Europe-wide slump in private sector ac…
Keir Starmer says sluggish economy has driven up prices and is holding back students and apprenticesUK growth will be the slowest in the G7 in 2024, Labour analysis of the latest economic forecasts shows, as Keir Starmer said that the economic climate …
GDP increases by 0.2% between April and June on back of recovery in car manufacturing, says ONSThe UK economy grew faster than expected in the second quarter of this year after growth was boosted by a recovery in car manufacturing and a surprisingly st…
Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peakRishi Sunak will fight the next election against a backdrop of an economy suffering from five years of lost growth and a widening of the gap between …
Firms have cut back on hiring staff and manufacturing output is at its lowest since May 2020 as supply issues continue, a survey findsBusiness confidence fell last month amid jitters over the slowing UK economy dampening company plans to hire more staf…
Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursd…
GDP fell month on month after growth of 0.2% in April, reports ONSBritain’s economy shrank by 0.1% in May after a hit to activity from a trio of bank holidays, including for King Charles’s coronation.The Office for National Statistics said that gross d…
Sharp uplift in those looking for work reflects growing concern over economy, say analystsBritish businesses are slowing down hiring just as the number of people looking for work rises, according to data that suggested “lingering uncertainty” over the …
JP Morgan says risk of ‘hard landing’ for economy heightened, with higher borrowing costs hitting businessThe Bank of England may need to push interest rates to as high as 7% to tackle stubbornly high inflation, economists have warned, amid fears the s…