Economy News Uk Economy Went Into Recession Last Year, Data Confirms

UK economy set to cool as weak consumer confidence damages spending

The UK economy is expected to cool in 2026, as the softening labour market and subdued consumer confidence caused a drop in household spending. The economy is set to slow 1.0 per cent next year, down ... Read More

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

How the UK economy has fared since Reeves' first budget

Finance minister Rachel Reeves has vowed for the past year to speed up Britain's economy but growth has slowed recently on worries about more tax increases in her budget on Wednesday. Read More

UK economy stumbles in run-up to next week's budget

Measures of Britain's businesses, consumers and public finances are all showing signs of deterioration in the run-up to next week's budget when finance minister Rachel Reeves is expected to raise ... Read More

Government shutdown halts data, stokes risk as economy wobbles, experts say

(WASHINGTON) -- The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some ... Read More

Recession and ‘stagflation’ loom as economic concerns

Given the level of uncertainty with the economy, labor market, and inflation, some economists have started talking about the possibility of a recession or even “stagflation.” The economy has been in ... Read More

Recession alert: US economic downturn 'straw that will break UK' as stock market tumbles

Economists and financial analysts are warning a recession in the US "would be the straw that breaks the UK's back" as the global stock market continues to slip into the red this week. Markets plunged ... Read More

Recession seems far off — that’s the good news. Yet the economy is also far from trouble-free.

Enough trouble spots emerged in the U.S. economy to coax the Federal Reserve to cut interest rates last week — but it turns out the news isn’t all that bad. A bevy of recent reports also show ... Read More

Government shutdown halts data, stokes risk as economy wobbles, experts say

Federal agencies said they would not release some key data during the shutdown. The government shutdown halted the release of key economic data, choking off the flow of information as some experts ... Read More