Economy News Higher Inflation, Much Weaker Growth Brexit Has Hit The U K Economy Hard, Says Goldman Sachs

Brexit Hit to UK Economy Double Official Estimate, Study Finds

Brexit has caused almost twice as much damage to the UK economy than estimated by official forecasts, according to new paper from a group of experts including a senior Bank of England economist. Read More

Factbox-How the UK Economy Has Fared Since Reeves' First Budget

Britain's main inflation rate rose to 3.8% in July, August and September from 2.3% in October 2024, with the tax increase on employers adding to price pressures. It slowed to 3.6% last month but ... Read More

Evidence Brexit Impact Greater Than Feared, Warns BOE Ratesetter

Research suggests the blow dealt to the UK economy by Britain leaving the European Union may be at the “higher end” of what was feared, according to Bank of England rate-setter Swati Dhingra. Read More

When it comes to inflation, the UK is not an island

It is conventional wisdom to say Britain has an inflation problem. But fears over "sticky" CPI may have finally peaked. Read More

US tariffs to slow UK economy, lower inflation, BoE's Dhingra says

LONDON (Reuters) -Higher U.S. tariffs on imports are weighing on growth in Britain and are likely to lead to downward pressures on British inflation over the medium term, Bank of England policymaker ... Read More

Trump's tariffs will hit UK growth but temper inflation, says Bank of England rate-setter

Higher US tariffs on imports are acting as a drag on Britain’s economy and are likely to exert “some downward pressure on prices in the medium term”, according to Swati Dhingra, a member of the Bank ... Read More

What today's inflation report says about the economy — and Social Security checks

Because of the shutdown, the federal government is belatedly releasing new Consumer Price Index numbers, which the Social Security Administration needs to adjust for next year's benefits. Well, much ... Read More