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Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recoveringUK economy shrinks unexpectedly in blow to ReevesBusiness live – latest updatesMay’s unexpected 0.1% decline in GDP will make depressing reading …
Chancellor’s Mansion House speech to cite ‘opportunity’ in attempt to shrug off anaemic economic performanceAnalysis: Fall in UK GDP puts focus back on expectations of tax rises in autumn budgetBusiness live – latest updatesRachel Reeves will attempt t…
While the chancellor may have lost credibility among restive MPs, market moves suggest investors support herWhere does the climbdown leave the public finances?It was Bill Clinton’s political adviser James Carville, way back in the 1990s, who said that …
UK-US trade deal kicks in today, lowering tariffs for British carmakers and aerospace sectorUK households hit by squeeze on living standards despite fastest growth in G7Karim Haji, global and UK head of financial services at KPMG, said:May’s uptick in …
ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable incomeBusiness live – latest updatesUK households faced a renewed cost of living squeeze in the first three months of 2025 amid increases in taxes and in…
Andrew Bailey says OBR projections – which the chancellor uses to calculate headroom – shouldn’t be ‘over-interpreted’The Bank of England governor, Andrew Bailey, has waded into the controversy over Rachel Reeves’s fiscal rules with a warning against “…
Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credibleUK on track to become a ‘National Health State’, says thinktankRachel Reeves is now on ITV’s Good Morning Britain. Susannah Reid and Richard Madeley are…
Worse than forecast April GDP data shows challenge facing Rachel Reeves to kickstart growth to fund spending reviewBusiness live – latest updatesThe UK economy contracted in April by 0.3% as businesses cut jobs and cancelled investment plans in respons…
Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economyPlans to invest £160bn of surplus funds from final salary pension schemes to boost the UK economy over the next 10 years have been dealt a blow by a Whi…
Focus on capital spending in northern cities and Midlands is recognition Labour needs better economic story for votersRachel Reeves looks to spending review to shift focus from welfare cutsRachel Reeves is announcing £15bn for trams, trains and buses o…