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IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take tollBritain is expected to be the only major industrialised country to see its economy shrink this year after the impact of Liz Truss’s brief premiership prom…
Chancellor also expected to tell markets that government spending will remain within strict limitsUK politics live – latest news updatesJeremy Hunt will defend the government’s vision for Britain’s economic future in a speech to City executives in Lond…
Andy Haldane says starting mortgage rate rises sooner would have nipped inflation in the budThe former chief economist of the Bank of England has warned there is “more pain to come” for households and the wider economy as mortgage rate increases hit pe…
OBR tells Jeremy Hunt he will have £9bn less income to factor in amid falling tax receiptsAnalysis: big budget giveaways look unlikelyEnergy support sets UK government borrowing recordThe government’s economic forecaster has cut its prediction for UK g…
Tony Danker’s ‘major’ speech on Monday likely to be viewed as rebuke of No 10 and Treasury policyThe head of the UK’s leading business organisation is to call for Rishi Sunak to show more ambition on the economy, warning that the country risks being le…
John Allan says it is needed to ensure UK economy recovers from cost of living crisisRishi Sunak must come up with a long-term growth plan to ensure the UK economy recovers from the cost of living crisis, the chair of Tesco has said.“The reality is man…
UK entrepreneur says economic strategy has left Britain in a ‘Covid inertia’ and calls for growth planSir James Dyson, the billionaire businessperson, has launched a withering attack on Rishi Sunak’s government, saying its “shortsighted” and “stupid” e…
Exclusive: Treasury sources say chancellor is resisting pressure from MPs who want taxes to start falling well before next electionJeremy Hunt is planning a “slimmed down” spring budget with no immediate tax cuts as the Conservatives press ahead with a…
Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erraticUK economy grew by only 0.1% in NovemberBusiness live updates: UK may avoid 2022 recessionIn normal circumstances the fact that the UK economy eked out a bi…
Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boostThe UK economy grew by 0.1% in November as consumers headed to the shops in the run-up to Christmas and pubs and bars enjoyed a boost from the World Cup.It was a…