TheRegional Economic Forecastalso highlights how UK regions fared over the last 12 months. The UK economy ended 2023 in recession, which was reflected in relatively weak GVA performances across the regions and nations of the UK. The fastest growing region of the UK in 2023 was the West Midland...
IMF slashes UK economic growth forecastInman, Phillip (The Guardian)
Responding to the announcement Ms Reeves, said: "It's welcome that the IMF has upgraded our growth forecast for this year, but I know there is more work to do. That is why the budget next week will be about fixing the foundations to deliver change, so we can protect working people, f...
While there was a slight uptick in growth in 2024, this momentum appears to have already been lost, with the UK's economic growth forecast for 2025 recently downgraded from two percent to one percent. Read more Quarterly inflation rate of the Consumer Price Index in the United Kingdom from...
08 August 2023 No one would have asked for the kind of pressure that the UK economy has been under for the last three and a half years. But the economic environment doesn’t look nearly as bad as in 1981 (the year Queen’s ‘Under Pressure’ was released for the information of our ...
Rachel Reeves will have no choice but to raise taxes in her autumn budget if economic forecasts deteriorate, according to the Institute for Fiscal Studies. 26 Mar 2025 5m OBR spring statement forecast ‘delusional’, says Reform’s Richard Tice We’re joined by Richard Tice, who is deputy...
Economic Environment In 2025, the UK economy is forecast to grow by 1.7%, driven by household consumption and government spending, though long-term growth prospects remain weak due to slowing labor supply and low business investment. Inflation is expected to average 2.4%, remaining elevated due to...
Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it ...
The increase in interest rates we now anticipate is likely to be felt by the end of 2023, and we forecast a recession to follow between Q4 2023 and Q2 2024, with a total fall in GDP of 0.6%. With its forecasting abilities under intense scrutiny, last week’s...
Search has seen a slight benefit from the economic uncertainty. The duopoly’s stranglehold is slipping slightly. What does this forecast mean for marketers in the UK? Sources Media Gallery About This Report The UK ad market is under as much pressure as it’s ever faced. But while spendin...