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Economists put reason for divergence down to Brexit and Britain’s energy price guaranteeBusiness live – latest updatesThe eurozone’s annual inflation rate fell by more than expected in June to 5.5% amid sharp falls in the cost of energy, highlighting a…
Institute for Public Policy Research points to £500bn-plus underspend compared with other advanced economiesMore than half a trillion pounds’ worth of underinvestment by government and business over recent decades has left Britain’s economy trapped in …
GDP rose by 0.2% in April, with rising car sales and reduced impact of strikes also playing a partBusiness live – latest updatesThe UK economy eked out a return to growth in April as rising car sales and customers spending in pubs and bars helped outpu…
Households and firms can expect more financial pain despite Britain dodging technical recession, says KPMGBritain will be left with deep scars from the pandemic despite narrowly escaping a second recession within three years and growing signs of an eco…
Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20Business live – latest updatesThe UK chancellor, Jeremy Hunt, has expressed concern about the persistence of Britain’s cost of living crisis …
Ben Houchen dismisses accusations of corruption and and wrongdoing made by Labour MP for Middlesbrough Andy McDonaldA Conservative metro mayor has called a Labour MP a “liar and a coward” as the feuding over a huge regeneration project became increasin…
High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of electionHunt will back more rate rises even if they lead to recessionHouseholds warned to brace for 5%-plus mortgage ratesRishi Sunak has been w…
Former culture secretary says prime ministerial diaries ‘are frequently wrong’The government has announced that £7m is now available for grants to fund “policy-relevant research on how the conservation and sustainable use of biodiversity can help addre…
There are some signs that headwinds are easing but economy still looks fragileUK economy shrank unexpectedly by 0.3% in MarchBusiness live: latest updatesThe UK economy has been going nowhere for the past year. After rebounding most of the way out of i…
But there was 0.1% growth in first quarter overall, thanks to a stronger JanuaryThe UK economy shrank unexpectedly in March, by 0.3%, as the cost of living crisis and industrial action took a toll.However, the economy grew by 0.1% over the first quarte…