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Central bank confirms further 0.5 per cent hike, bringing base rare to 4 per cent
The United Kingdom has slipped into recession just months ahead of a general election, official figures showed Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth.
The UK economy is in a “horrible fiscal bind” as it heads for recession with no room to cut taxes or increase public spending to offer a boost, an influential group of economists has said.
According to projections published Thursday, the Bank of England now expects UK GDP to grow 0.5% this year, double the pace it forecast in February. By comparison, last year, GDP increased by a ...
Experts warn slump in economy could soon overtake cost of living as main worry for UK
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
Official data is predicted to reveal that the UK economy contracted for the second quarter in a row in the final three months of last year. UK set to have slipped into recession at end of 2023 ...
The UK government announced a £750 million package of support for charities across the UK. £370 million of the money was set aside to support small, local charities working with vulnerable people, and was allocated to England, Scotland, Wales and Northern Ireland in the following breakdown £310 million for England; £30 million for Scotland