UK economy News

UK Braces for Impact: How Trump's April 2 Tariffs Could Reshape British Economy

The UK anticipates economic impacts from US President Donald Trump's tariffs on foreign goods starting April 2. Discussions for a UK-US economic prosperity deal are ongoing, with B...

Reeves Unveils Bold Planning Reforms: A £3.4B Boost to UK Economy and 0.4% GDP Growth Ahead

Chancellor Rachel Reeves outlines planning reforms expected to boost UK GDP by 0.4% over a decade, alongside a £3.4B gain for public services and a £2.2B defense budget increase fo...

UK's Bold Planning Reforms Under Reeves Set to Inject £3.4B and Elevate GDP by 0.4%

UK Chancellor Rachel Reeves announces planning reforms expected to boost GDP by 0.4% and deliver £3.4B for public services, alongside a £2.2B defense funding increase focusing on A...

UK's Bold Move: Rachel Reeves Unveils £3.4B Planning Reforms to Skyrocket GDP by 0.4%

British Chancellor Rachel Reeves announces planning reforms expected to boost GDP by 0.4% over a decade, with £3.4B for public services by 2030. An additional £2.2B is allocated to...

UK Faces Economic Slowdown and Vanishing Surplus Amid Global Trade Tensions

The UK's economic outlook has been revised downward, with slower growth forecasts and potential risks from global trade tensions. A 20% tariff hike scenario could reduce GDP by 1%,...

UK Private Sector Shows Signs of Growth in March Amid Manufacturing Slump

The UK's private sector showed growth in March, with the services PMI reaching a seven-month high, while manufacturing hit a 17-month low. Experts warn against seeing this as a ful...

UK Business Activity Shows Promising Growth in March, Despite Manufacturing Slump

UK's private sector activity expanded in March, with the composite PMI reaching a six-month high, thanks to a surge in the services sector. However, manufacturing PMI hit a 17-mont...

UK Economy Faces Challenges Amid Global Trade Slowdown, Warns Chancellor Reeves

Chancellor Rachel Reeves warns of the UK economy's vulnerability to a global trade slowdown, emphasizing the need for balanced trade negotiations with the US and maintaining strong...

UK Economy Shows Signs of Recovery as Business Activity Expands in January

The UK's private sector saw a slight improvement in January, with growth rates hitting a three-month high. Despite this, concerns over future prospects and increased staff costs re...

UK Economy Faces Massive Challenge: Can Rachel Reeves Fix It?

British Chancellor Rachel Reeves admits the huge challenge to fix the UK economy after recent data shows no growth in Q3 2024. She outlines plans for sustainable growth.

UK Economy Contracts in October, Reeves Promises Long-Term Growth

British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...

UK Economy Faces a Minor Setback: 0.1% GDP Decline in October

The UK's GDP fell by 0.1% in October, with no growth in the services sector, a 0.6% decline in production output, and a 0.4% drop in construction output. Despite this, the economy ...