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The Latest Breaking News from Matt Swannell

UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

International Business Times UK

UK to narrowly avoid recession and jobless rate to surge, Item Club warns

The independent forecasting group said interest rates will remain on hold in 2026 despite soaring inflation caused by the Iran war.

Evening Standard

Quarter of a million people could lose their jobs by 2027 as UK ‘flirts with recession’

The job market will endure its ‘biggest hit since the pandemic’

The Independent UK

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UK growth to slow and business investment to contract amid tax hikes – report

The EY Item Club is forecasting growth to pull back to 0.9% in 2026 and for business investment to contract by 0.2%.

Evening Standard

Bank of England ready to cut interest rates as jobs market slows, experts say

The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce the base rate by 0.25 percentage points to 4% on Thursday.

Evening Standard

Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs

City predicts quarter-point drop to 4% when MPC meets on Thursday

The Guardian - UK

Why has inflation risen unexpectedly and what does it mean for households?

Official data showed Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May and the highest since January 2024.

The Independent UK

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Labour Government borrows almost £15bn more than expected

The Labour Government borrowed almost £15 billion more than forecast in the last financial year, according to official figures ...

The National (Scotland)

UK Government borrowing exceeds forecast as tariffs to weigh on public purse

The latest figures from the Office for National Statistics show public sector net borrowing rose to £151.9 billion in the year to the end of March.

Evening Standard

Wage growth accelerates despite flagging jobs market

Official figures revealed that average regular pay surged again, to 5.6% in the three months to November.

Evening Standard

Reeves may have to U-turn over no more tax rises, warn economists

Dramatic economic slowdown means chancellor could face lower receipts and higher borrowing costs in 2025

The Guardian - UK

Bank of England holds interest rates at 4.75% but says UK economy stagnating

The Bank’s Monetary Policy Committee said it was keeping rates unchanged on Thursday following a divided vote among policymakers.

Evening Standard

Growth in UK construction sector slows amid housebuilding decline

The latest S&P Global construction purchasing managers’ index (PMI) scored 54.3 in October, down from 57.2 in the previous month.

Evening Standard

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

Evening Standard

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