UK Economy Exits Recession with 0.6% Growth in Q1
**Lead:** The UK economy emerges from recession with a 0.6% growth in the first quarter of 2024, surpassing expectations...
recession
UK Economy Shows Signs of Recovery with Second Consecutive Month of Growth
**Lead:** The UK economy shows signs of recovery as GDP edges up for the second consecutive month, hinting at...
UK Economy Narrowly Avoids Recession in Q4 2022 with 0.1% Growth
In a recent update from the Office for National Statistics (ONS), the UK economy just barely avoided falling into...
UK Economy Flatlines in Q4 Amid Strikes and Inflation Squeeze
UK Economy Narrowly Avoids Recession: The UK's economy barely escaped recession as it showed no growth in Q4 2022,...
BoE Raises Interest Rates to 4% Amid High Global Inflation
In a major move, the Bank of England has raised interest rates by 0.5%, bringing them to 4% -...
UK Consumer Confidence Hits Historic Lows in December Amid Recession Worries
In December, GfK's Consumer Confidence Index increased by two points to -42, marking the eighth consecutive month with historic...
CBI Downgrades UK Growth Forecast Amid Recession Fears
In a turbulent year for politics and economics, the CBI has downgraded its GDP growth outlook to -0.4% in...
UK Chancellor Announces Tax and Spending Cuts to Stabilize Economy
Chancellor Jeremy Hunt unveils £55bn tax cuts and spending reductions to stabilize the UK economy and reduce inflation, with...
BoE Raises Interest Rates to 3%, Predicts Longest Recession Since Records Began
In a recent decision, the Bank of England raised its base interest rate by 0.75% to 3%, warning that...
BoE Delays Interest Rates Decision Amid National Mourning for Queen Elizabeth II
In a surprising move, the Bank of England has postponed its interest rate decision by one week due to...