Jeremy Hunt is upbeat despite official figures suggesting the economy is falling into recession. Revised figures show gross domestic product shrank by 0.1% for July to September after previous estimates indicated growth had flatlined, the Office for National Statistics found. A contraction
Chancellor optimistic despite UK economic contraction and recession concerns (Image: Getty) Jeremy Hunt insisted the economic outlook is more optimistic than official records suggest after fears the UK is falling into recession. Revised figures show the economy shrank by 0.1 per cent
Rishi Sunak is under fire for failing to meet yet another of his five key pledges, after official figures showed the UK economy actually shrank between July and September this year. The Office for National Statistics (ONS) revised its original estimate that
Senior economists have warned that the Israel-Hamas war could plunge the world into its biggest recession since the 1930s. Banking experts Larry Fink and Jamie Dimon claim the conflict on top of Russia’s invasion of Ukraine could flatten global trade. They believe
In the latest humiliation for EU leaders, new data has revealed that big-hitters France and Germany are dragging the eurozone towards a grim recession. It comes as business activity in the bloc is at its lowest level in three years. Meanwhile excluding
The world economy has been put on red alert with an expert warning a US recession is now “inevitable” and “political dysfunction” is edging America to the brink of a government shutdown. US federal debt has exploded to $33trillion for the first
The Bank of England is “walking a tightrope” and may tip Britain into recession thanks to its interest rate rises, an investment expert has said. Threadneedle Street today (August 3) decided to increase its base rate from 5 percent to 5.25 per
Economists are forecasting that there is a 50 percent chance or less of a recession hitting the United States. Earlier this month, 52 members of the National Association of Business Economics (NABE) were surveyed to get their thoughts on the economy’s trajectory.
Remainers have been quick to blame Brexit for the cost of living crisis crippling the UK and soaring inflation rates. Labour leader Sir Keir Starker branded Britain “the sick man of Europe” in March, as Chancellor Jeremy Hunt unveiled the Government’s latest
It is now ‘inevitable’ that the UK economy will go into recession due to the Bank of England’s (BoE) inability to curb rising inflation, former interest rate-setters have reportedly predicted. It comes as the BoE is Bank of England is poised to raise