Rishi Sunak’s woes have continued to pile up after the Office of National Statistics (ONS) suggested that the UK is in a technical recession. The revised figures for the final three months of 2023 show that the economy shrank by 0.3%, three
Japan’s economy managed to grow in the fourth quarter of last year, averting a recession, according to revised government data released Monday that had previously shown a contraction. Real gross domestic product, or GDP, grew in October-December at an annual pace of
André Kasimir, who owns building firm Kasimir Bauunternehmung, told BBC News that Germany will soon be “the sick man of Europe” again. The unfortunate nickname originates from 1999 when the Economist branded Germany the “sick man of Europe” due to its economic
Esther McVey – the Government’s “minister for common sense” – appeared to blame lockdown supporters for the British economy dropping into recession. McVey claimed “everybody who voted for lockdown” is responsible for the lack of growth when she appeared on BBC Radio
Nigel Farage has blamed the Bank of England for Britain slipping into recession. The former Ukip leader pointed to the interest rate policy of the UK’s central bank. He also branded Andrew Bailey the “worst governor of the Bank of England in
Jeremy Hunt promised economic growth will be top priority in his budget next month after the country slipped into recession. The Chancellor insisted taxes will only be cut in a “responsible” way after official figures showed the economy shrank 0.3 per cent
Jeremy Vine was scolded by Ann Widdecombe on his Channel 5 daytime show for suggesting that the UK’s recession is the fault of Brexit. The BBC presenter, after holding up a piece of paper saying the UK was in recession, said during
Brexit is helping Britain avoid the recession which is already gripping eurozone countries, a UK-based expert has said after the publication of new economic data. Julian Jessop was commenting after the release of the figures showing Britain’s services sector saw the fastest
Dramatically reduced manufacturing output has left the Eurozone in recession, a new report has warned – with France at its lowest ebb for more than three years. Dr Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank (HCOB), said what he
Sir James Dyson has laid into Rishi Sunak’s economic strategy while praising former PM Liz Truss’ focus on growth. One of Britain’s most successful businessmen, Sir James criticised both the Conservative and Labour parties for not “going for growth”. It comes after