THERE is a “high chance” Rachel Reeves will have to raise taxes or make emergency spending cuts, experts said as she touched down in China yesterday. Economists at Barclays said surging borrowing costs meant her room for manoeuvre had gone. 1 Rachel Reeves met finance minister Lan Fo’an in… Rachel Reeves will have to raise … Read more
THE UK economy stagnated more than first thought in the third quarter of this year, the latest data reveals. The Office for National Statistics (ONS) said GDP showed no growth between July and September, revised down from an estimated 0.1% rise previously. 1 The UK economy stagnated in the third… UK economy grew less than … Read more
HOPES that interest rates will soon start falling were dashed yesterday after an unexpectedly big increase in wages stoked inflation fears. Official jobs figures showed that wages rose by 5.2 per cent in the three months to October. 3 After the surge in wage growth, traders have now put a… Wage surge dashes hopes for … Read more
Britain on ‘recession watch’ after economy shrinks for second month in a row, experts warn …C0NTINUE READING HERE>>> BRITAIN is on “recession watch” after the faltering economy shrank for the second month in a row, experts say. Output contracted by 0.1 per cent in the four weeks before October’s Budget. 1 Experts say that the … Read more
Reeves admits latest GDP figures are ‘disappointing’ as UK economy shrinks AGAIN – even before Budget tax raid …C0NTINUE READING HERE>>> RACHEL Reeves admitted she was “disappointed” today after the economy shrank for the second consecutive month. Britain’s GDP fell by 0.1 per cent in October, following an identical slump in September. The Chancellor insisted … Read more