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UK economy

Sluggish UK economy stages only partial bounceback in August

Sluggish UK economy stages only partial bounceback in August

Thu, Oct 12, 2023

The last time the economy shrank by more than that in a month was in June 2022, impacted by a one-off holiday to mark the late Queen Elizabeth's 70 years on the throne.

UK recession risk deepens but consumers stay unfazed

UK recession risk deepens but consumers stay unfazed

Fri, Sep 22, 2023

Britain's economy displayed clear recession signals on Friday, a day after the Bank of England called a halt to its long run of interest rate increases that have turned the tide on inflation but at the expense of a hit to businesses.

UK consumers most optimistic since early 2022: GfK

UK consumers most optimistic since early 2022: GfK

Fri, Sep 22, 2023

A gauge of views about the economy over the next 12 months improved more sharply to -24 from -30.

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British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

Fri, Aug 11, 2023

UK Economy: The British economy unexpectedly grew in the second quarter of the year largely as a result of a strong rebound in June when many businesses, particularly in the leisure sector benefited from the warm and settled weather, official figures showed.

British economy recovers slightly in April but strikes set to keep a lid on growth

British economy recovers slightly in April but strikes set to keep a lid on growth

Wed, Jun 14, 2023

The increase was in line with expectations but failed to recoup the 0.3 per cent contraction in March fully. However, on a longer-term horizon, the British economy is barely growing, hobbled by higher interest rates as well as strike action across an array of sectors.

Bank of England makes biggest interest rate hike in 30 years; predicts prolonged recession

Bank of England makes biggest interest rate hike in 30 years; predicts prolonged recession

Fri, Nov 04, 2022

UK was already in recession which is likely to be the most prolonged since records began.

India 360: UK Prime Minister Liz Truss Sacks Finance Minister Kwasi Kwarteng After Tax Cut Plans Spark Economic Turmoil

India 360: UK Prime Minister Liz Truss Sacks Finance Minister Kwasi Kwarteng After Tax Cut Plans Spark Economic Turmoil

Fri, Oct 14, 2022

British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday, shortly before she is expected to cut parts of their economic package in a desperate bid to survive the market and the political turmoil that grips the country. Now the opposition Labour Party is demanding the resignation of Liz Truss. Why did UK sacked the finance minister? Watch this special report on India 360.

UK PM race: Rishi Sunak's team attacks rival's 'magic money tree' promises

UK PM race: Rishi Sunak's team attacks rival's 'magic money tree' promises

Mon, Aug 22, 2022

The reality is that Truss cannot deliver a support package as well as come good on GBP 50 billion worth of unfunded, permanent tax cuts in one go,? the Ready4Rishi campaign team said in a statement.

UK economy contracts in 2nd quarter as recession fear grows

UK economy contracts in 2nd quarter as recession fear grows

Fri, Aug 12, 2022

The Office for National Statistics said Britain's gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. GDP shrank by 0.6% in June, and growth estimates for May were revised down from 0.5% to 0.4%.

'UK will fall into recession..': Bank of England makes a prediction

'UK will fall into recession..': Bank of England makes a prediction

Fri, Aug 05, 2022

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, from 9.4% in June, the bank said. That will push Britain into recession later this year, with economic output declining each quarter from the fourth quarter of 2022 through the fourth quarter of 2023, bank forecasts show.

UK economy could shrink by the most in 300 years in 2020

UK economy could shrink by the most in 300 years in 2020

Wed, Apr 15, 2020

Britain`s economy could shrink by 13% this year due to the government`s coronavirus shutdown, its deepest recession in three centuries, and public borrowing is set to surge to a post-World War Two high, the country`s budget forecasters said

Five areas in UK economy that will face the impact of Brexit

Five areas in UK economy that will face the impact of Brexit

Fri, Jun 24, 2016

Though people around the world are still trying to come to terms with this decision, there are several implications UK will face as a result of Brexit.

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