UK's 0.7% Growth Puts It on Track for Second-Fastest G7 Economy
UK growth reached 0.7% in the quarter to September, its strongest outside the pandemic since 2017. AI and tech spending helped, while rising energy costs cloud the final three months.
Topic
UK Economy
Topic
UK Economy
UK Economy Grows 0.7% in Fastest Expansion in Over Two Years
UK GDP grew 0.7% in the three months to September, the fastest pace in over two years, with AI-linked computer programming and co…
Bank of England Set to Raise Rates to 4% Today, First Hike Since 2023
The Bank of England is expected to lift Bank Rate to 4% at noon, its first hike since August 2023, with a second move to 4.25% an…
Sterling index reaches joint post-referendum high of 86.4
Bank of England figures show sterling's 18-currency index reaching 86.4, its joint highest since June 2016, before a widely expec…
Bank of England Set to Raise Rates to 4% as Iran War Reignites Inflation
The Bank of England is expected to lift its base rate from 3.75% to 4%, the first hike in over three years, as war-driven inflati…
Rachel Reeves Breaks Silence at Harvard, Claims Credit for Burnham Agenda
Rachel Reeves will tell Harvard that Brexit did "deep damage" and that rejoining the EU is both credible and radical, as her tax-…
Rachel Reeves: Brexit made Britain 'poorer, weaker and less secure'
Sacked chancellor Rachel Reeves says Brexit left Britain 'poorer, weaker and less secure' and backs Burnham's two-stage path back…
Chancellor Healey retreats on welfare cuts as IFS warns of £28bn gap
Chancellor John Healey refused to commit to cutting the welfare bill this parliament as the IFS warned his budget leaves a £28bn-…
OBR Slashes UK 2027 Growth Outlook to 1% on Energy Shock
The OBR cut UK 2027 growth from 1.6% to 1% as Middle East war inflation nears 4%, leaving Healey just £15bn of fiscal headroom.
Healey's First Budget: £1.42tn Spending, Bank Levy, Tight Headroom
John Healey's first budget allocates £1.42tn but his fiscal buffer has halved to £12bn. A bank levy and online seller taxes are e…
Britain's State Investment Funds Get £20bn More — and Need a Watchdog
The NWF gets £15.4bn more and the BBB £5bn, but who checks whether these state funds truly add value? Calls grow for an OBR-style…