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Tougher rules have boosted employment but jobs offer scant career progression and contribute little to tax revenueTougher benefit rules have boosted employment in the UK in the past 25 years but only at the expense of trapping workers in dead-end jobs,…
Conservative Growth Group rises out of ashes of shortest-serving PM’s tenure, but Truss herself is keeping a low profile publiclyPolitical rehabilitation is a gruelling exercise: no more so than for Liz Truss, who was consigned to the history books as …
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Figures for England and Wales likely to worsen as UK goes into recession, say analystsBusiness insolvencies jumped 30% to a 13-year high in 2022 as government support programmes that offered companies protection from their creditors during the pandemic…
Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising inte…
Milk, eggs and dog food were grocery items with fastest price rises, figures from Kantar show Britain’s retailers have said shop price inflation has yet to peak this year, with the cost of basic essentials expected to remain high, after figures showed …
Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this yearBritain the only G7 economy forecast to shrink in 2023A shortage of workers, expensive mortgages and the continuing effects of Brexit are all weighing on the economy…
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…
Policymakers face balancing act between driving inflation down and risk of deepening economic slumpThe Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the fi…
Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is…