bp’s contribution to the UK economy report sets out to quantify the impact of our business in more detail. We hope it will be of use in understanding how a large business plays its part in creating wealth and adding value to the national economy
At risk of recession, the United Kingdom has witnessed a year of poor economic performance in 2023. Even though inflation has dropped sharply from the highest point in decades, huge challenges remain for the year 2024.
The UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households, the International Monetary Fund (IMF) has said. 国际货币基金组织认为:英国经济将会衰退,将会比其它发达经济体表现更差,因为生活成本正在增加。 The IMF said the economy will ...
Economy & Politics› Economy Highest paid occupations in the UK 2023 Published by D. Clark, Feb 6, 2025 In 2023 in the highest paid occupation in the United Kingdom was Chief Executive and Senior Officials who earned approximately almost 1,575.9 British pounds per week, with marketing ...
Economy & Politics› Economy The UK economy - Statistics & Facts Choose a region: United Kingdom The gross domestic product of the British economy was 2.27 trillion British pounds in 2023 and was the sixth-largest global economy, behind the United States, China, Japan, Germany, and India. ...
namely high inflation and virtually non-existent growth. We expect growth of just 0.3% in 2023 and 0.5% in 2024, meaning the economy will be virtually the same size in 2024 as it was in 2019 – marking five years of no growth. The UK is well deserving of the title of ‘Stagflation ...
Inflation in the country has been running high for more than two years, making the cost-of-living crisis a heated topic across the nation. The consumer price index (CPI) rose by 3.9 percent in the 12 months to November 2023, mainly due to a drop in fuel prices and slower growth in fo...
However, the fear is that the tentative nature of growth in December, and in particular the impetus the economy has received from looser financial conditions, means that fears of further policy tightening could tip the economy back into decline. ...
United Kingdom is the world's sixth-largest economy, with a GDP of $3.73 trillion in 2025. Still, as is the case with many other developed countries, the UK is currently in economic turmoil, burdened by inflation and rising costs of living. To paint a better picture of the current ...
In Q323, the UK economy recorded zero growth in q-o-q terms, which followed an expansion of 0.2% q-o-q in Q2. While this outcome differed from the 0.1% q-o-q expansion which