Bank of England governor Andrew Bailey, addressing MPs, has expressed optimism about the UK economy despite a recent shallow recession. He noted 'distinct signs of an upturn’, foreseeing one of the mildest recessions…

In 2023, the UK officially entered a recession, as confirmed by the Office for National Statistics (ONS). The economy shrank by 0.3% in the last quarter of 2023, marking the second consecutive quarter…

The International Monetary Fund (IMF) predicts the UK economy will shrink this year while every other major economy will grow. The Bank of England also forecasts a 2023 recession - albeit shorter and…

The Bank of England has raised interest rates to 2.25%, the highest level for 14 years. This will make it more expensive to borrow, which should - theoretically - encourage people to borrow…

Companies were forced to give bribes to cajole employees to return to the office last year: free breakfast, ice cream and even popcorn to workers who came in. Now bribes are replaced with…

Public finances are under pressure from a predicted recession. Both PM candidates agree that people will need help with the cost of living this autumn, but tax cuts will only bring relief to…

The Bank of England has raised interest rates to 1.75%, the biggest rise in 25 years, as it predicts an even higher peak in inflation of 13%. It fears inflationary pressures are becoming…

The UK could be heading for a recession. The economy contracted by 0.1% in March, and higher prices are ‘really beginning to bite’, the Office for National Statistics said. People are spending less…

The economic outlook across the Eurozone has deteriorated in 2019 as the probability of the entire Euro area falling into recession increases. Italy is in an officially-declared recession, and data suggest that Germany,…

Economic experts warn that Scotland could be entering a recession. Scottish GDP performance lags behind the rest of Britain. Experts at the Fraser of Allander Institute say that the debate about Scotland's economy…