UK economy News

Bailey Highlights UK's Open Economy and Global Relations with US Amid Growth Concerns

Bank of England Governor Andrew Bailey discusses the UK's open economy, the significance of US global relations, and the risks of economic fragmentation to growth. He also praises ...

UK's Private Sector Faces Sharp Decline in April Amid Global Demand Slump

The UK's private sector activity experienced a sharp decline in April, with the PMI dropping to its lowest since November 2022. Manufacturing and services sectors both saw signific...

UK's Private Sector Faces Sharp Decline in April: A Deep Dive into PMI Figures

The UK's private sector activity saw a sharp decline in April, with PMI figures dropping significantly. Manufacturing and services sectors both reported lows, attributed to global ...

UK's Private Sector Takes a Dive: April Sees Sharpest Drop in Business Activity in Over a Year

UK's private sector activity sharply declined in April, with PMI figures hitting lows not seen in over a year. Manufacturing and services sectors both experienced significant drops...

UK Economic Slowdown: Private Sector Activity Hits Record Low Amid Global Trade Fears

UK's private sector activity has entered contraction in April, with PMI figures hitting multi-month lows across manufacturing and services sectors, driven by global trade worries a...

UK Economy Shows Promising Growth: Chancellor Reeves Urges Faster Action Beyond Encouraging GDP Rise

British Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but stresses the need for faster action to strengthen the economy and support workers. The gro...

UK Economy Shows Signs of Growth: Chancellor Reeves Calls for Faster Action Amid Encouraging GDP Data

UK Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but insists on faster action to strengthen the economy and support working people. Sectors like pro...

UK Economy Shows Signs of Growth: Chancellor Reeves Calls for Faster Action Amid Encouraging GDP Data

UK Chancellor Rachel Reeves views the latest GDP growth as encouraging but insists on faster action to strengthen the economy and support workers, following a 0.5% rise in February...

UK Economy Shows Signs of Growth: Chancellor Reeves Calls for Faster Action to Sustain Momentum

UK Chancellor Rachel Reeves responds to February's GDP growth of 0.5%, calling it encouraging but stressing the need for faster action to strengthen the economy and support workers...

UK Economy Shows Signs of Growth: Chancellor Rachel Reeves Calls for Faster Action

UK Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but calls for more rapid actions to strengthen the economy and support workers, emphasizing the nee...

UK Economy Shows Promising Growth: Chancellor Reeves Urges Faster Action for Sustainable Recovery

UK Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but calls for faster actions to ensure sustainable economic recovery and support for working people...

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

UK Chancellor Rachel Reeves discusses the impact of US tariffs on the global economy, the resilience of British markets, and the government's focus on securing a US deal while supp...

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

British Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's priority to secure a deal with the US, and efforts to support affected businesses and ...

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

UK Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's strategic priorities in securing a US deal, and efforts to enhance international trade coll...

UK's Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

British Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's market resilience, and the priority to secure a US deal while supporting affected busi...

UK Faces Economic Crossroads: Starmer Warns of Tariffs' Impact on Future Prosperity

UK Prime Minister Keir Starmer addresses the economic challenges posed by new tariffs, emphasizing the need for national unity and announcing policy adjustments to support the auto...

UK Economic Activity Accelerates in March: A Closer Look at PMI Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating growth in both services and manufacturing sectors. The Services PMI also increased, with technology and financ...

UK Economy Shows Resilience as Composite PMI Rises in March, Signaling Growth

The UK's Composite PMI rose to 51.5 in March, indicating economic growth, though slightly below preliminary figures. The services sector showed notable improvement, with the Servic...

UK Economy Shows Resilience: Composite PMI Rises to 51.5 in March, Signaling Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating economic growth, with the services sector showing significant improvement. Experts highlight technology and fi...

UK Economy Shows Resilience: Composite PMI Rises to 51.5 in March, Signaling Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating economic growth, with the services sector showing notable improvement. Experts highlight the role of technolog...

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 ...