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

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

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

UK economy flatlines in November as Labour growth push fails

The UK economy flatlined in November, researchers have suggested, as pre-Budget nerves have hit growth across the private sector. S&P Global’s initial estimate for its purchasing managers’ index (PMI) ... 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

Is the UK headed for recession?

To count as a recession, the economy has to have “two consecutive three-month quarters in negative territory”, said The Independent ’s chief business commentator James Moore. In the first quarter this ... 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