Andrew Bailey, Governor of the Bank of England, faces mounting challenges as Donald Trump’s aggressive trade war continues to disrupt the global economy. Having only just begun to get a
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China’s economy showed considerable momentum at the start of the year, even as it faced increased tariffs imposed by US President Donald Trump. Retail sales climbed by 4 per cent
The Organisation for Economic Co-operation and Development (OECD) has revised down the UK’s 2025 and 2026 growth projections, citing escalating global trade tensions and persistent inflationary pressures. According to the
More than seven million Britons are now claiming sickness benefits, according to official figures, marking an increase of 1.8 million since 2019. Data shows that one in ten working-age adults
Keir Starmer has confirmed he will not respond with immediate counter-tariffs if former US President Donald Trump imposes a 25% levy on all steel and aluminium imports from the United
The Chancellor, Rachel Reeves, is expected to face significant fiscal challenges at the upcoming Spring Statement, scheduled for 26 March 2025. The Office for Budget Responsibility (OBR) is set to
Over 300,000 small businesses in the UK are planning to lay off workers following the sharp increases in employer national insurance contributions and the minimum wage announced in Rachel Reeves’
Severe cost pressures are mounting on British businesses, prompting the British Chambers of Commerce (BCC) to downgrade the UK’s economic growth forecast for 2025. The lobby group now expects the
Britain’s economic outlook appears increasingly challenging as Chancellor Rachel Reeves prepares to deliver her spring statement on 26 March. The Office for Budget Responsibility’s (OBR) forthcoming forecasts are expected to
British retailers, suppliers and manufacturers are implementing price increases following the October budget’s tax hikes, raising concerns about higher-than-expected inflation rates this year. Food inflation, which surged from 2 per
A significant uptick in retail sales volumes marked the start of 2025, with food shopping and post-Christmas discounts propelling a 1.7 per cent increase in January. The rise, which exceeded
The British government’s fiscal position faces mounting pressure as official figures revealed a significant overshoot in public finances, potentially derailing the chancellor’s plans to balance the books by 2029. January’s
The fundamental measurement of GDP growth as an economic indicator faces mounting scrutiny in Britain’s evolving financial landscape. Whilst chancellors consistently prioritise GDP expansion as their primary objective, the metric’s
British consumer confidence has hit its lowest point in 11 months, plunging 40 points since the summer general election, according to the latest British Retail Consortium (BRC) survey. The monthly
British consumer confidence has witnessed an unexpected upturn, with the GfK index climbing two points to -20 in mid-February, surpassing analysts’ predictions of a static reading. The improvement spans across
Britain’s inflation rate has climbed to 3 percent for the first time since March 2024, casting doubt over the anticipated trajectory of interest rate reductions this year. The unexpected uptick