The UK economy will be plunged into recession for more than a year this autumn as rising energy prices push inflation above 13%, the Bank of England has warned. In a bleak outlook for consumers and business, the bank forecast five quarters of economic contraction and a 5% fall in real-ter...
While the labor market cooled somewhat in 2023, unemployment remains at historically low levels going into 2024. UK falls into recession at the end of 2023 Despite unemployment remaining quite low, other economic indicators point to a troubled economic picture for the UK. Throughout the whole of...
"I'm particularly concerned about the tax rises when an economy is going into recession," he said. "You would normally expect there to be some fiscal support from an economy in recession." OBR: UK to suffer largest fall in living standards since record...
while in the regions we expect ADR for Q1 to end up below our forecast of £87.2. This is due to inflation falling more rapidly than previously forecast, the UK going into technical recession at the end of 2023, and shifting demand from higher paying leisure customers to lower paying corp...
The UK is officially in recession - but what does that mean? Warning bells have been sounding for months over the risk of the economy slipping into recession. The rule of thumb is that when the economy shrinks for six months in a row, it's in a recession. ...
If all this sounds familiar, it is because exactly the same arguments have been employed in the much more public and bitterly fought debate over fiscal policy that has raged since the UK went into recession in 2008. The same dilemmas have also accompanied the burgeoning regulatory reform agenda...
Forced to take action by cost increases that threaten to tip the British economy into recession, new Prime Minister Liz Truss’ government released details Wednesday that wholesale energy bills for businesses will be capped this winter. The government will pick up some of the tab for six months...
Opinion polls had shown Labour comfortably ahead of the Conservatives largely because of Thatcher's introduction of the highly unpopular poll tax, combined with the fact that the economy was sliding into recession. Major replaced the poll tax but Kinnock energized Labour with the theme "It's Time...
He also said that it is clear to all of them that they could be going into a recession. The EHYA's European Insolvency Reform Committee wants a system under which financial creditors have to suspend enforcement of debts for a maximum of three months while the distressed company negotiates a...
campaign says that by staying in, families will benefit from more financial security and opportunities due to free trade, as well as from cheaper prices on food and fuel. It also points out that leaving will lead to an economic shock, and that the country risks going back into recession. ...