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The Latest Breaking News from Niesr

UK recovery ‘will accelerate and force Bank to keep interest rates higher for longer’

Niesr forecasts raise doubts over chance of further cuts by Bank of England before end of year

The Guardian - UK

Experts warn new EU deal needed with ‘Brexit uncertainty’ still damaging confidence in UK economy

Brexit renegotiation and a massive increase in public investment are needed if Keir Starmer and Rachel Reeves want to turn around the UK’s flagging economic fortunes, a major thinktank has said

The Independent UK

Rayner to set out overhaul of planning rules to clear path for new social housing

Angela Rayner has said the planning system should be a ‘launchpad’ rather than a millstone ahead of setting out changes next week

The Independent UK

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Tax rises will follow UK election unless fiscal rules are ripped up, says thinktank

Niesr says current limits on government borrowing fail to stimulate growth and hinder net zero ambitions

The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

UK living standards to gradually improve, says NIESR

Discover how UK living standards are expected to gradually improve, according to NIESR. Stay informed about the future prospects of the British economy.

Top News

UK’s poorest have borne brunt of cost of living crisis, says thinktank

‘Deep-scarring effects’: Living standards for hardest hit won’t return to pre-pandemic levels until 2027, report predicts

The Guardian - UK

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Hunt urged to invest £30bn a year in infrastructure or risk ‘decade in doldrums’

Thinktank says stronger than expected tax revenues have given chancellor scope for bold package in autumn statement

The Guardian - UK

Real incomes ‘will not return to pre-Covid levels until 2026 for many families’

The National Institute of Economic and Social Research said interest rates are likely to have peaked at 5.25%.

The Independent UK

UK inflation rate tumbles sharply but recession still looms, economists warn

Experts warn slump in economy could soon overtake cost of living as main worry for UK

The Independent UK

UK 'heading for five years of lost economic growth', report concludes

THE UK is on course to experience “five years of lost economic growth”, according to a new report.

The National (Scotland)

UK ‘at risk of recession next year’ due to soaring interest rates, economists warn

The National Institute of Economic and Social Research warns it will be another year until UK GDP recovers to where it was before the coronavirus pandemic

The Independent UK

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK economy faces ‘stuttering growth’ over next 2 years due to higher interest rates

The National Institute of Economic and Social Research says the economy will avoid a recession

The Independent UK

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The Guardian - UK

Risk of UK recession at next general election is 60%, says thinktank

Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peak

The Independent UK

UK economy faces ‘stuttering growth’ due to higher interest rates – think tank

The National Institute of Economic and Social Research said in its main forecast that the economy will avoid a recession

The Guardian - UK

Rishi Sunak risks missing target to halve inflation, NIESR warns

Leading thinktank sounds alarm over cost of living crisis with poorest £4,000 worse off in 2023 than before Covid pandemic

The Guardian - UK

Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

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The Guardian - UK

UK households to suffer £4k blow to finances this year, says report

Country likely to sidestep a protracted recession, but lasting effect of cost-of-living crisis ‘will feel like a recession’

The National (Scotland)

'This cost-of-living crisis is a decades-long injustice', campaigners say

RISHI Sunak is being urged to introduce an uplift to Universal Credit to prevent people falling into destitution this winter, with warnings it would…

The Guardian - UK

If Jeremy Hunt is to be Truss’s saviour, he needs more than austerity 2.0

Tax-cut U-turns won’t be enough to balance the books, so the new chancellor will look at cutting public service budgets. But there is an alternative

The Guardian - UK

Liz Truss energy bills cap will fail to protect poorest, say thinktanks

Wealthy households with big bills will be among those to benefit most from ‘very poorly targeted’ package

The Guardian - UK

Brexit will make a bad recession even worse. But Sunak and Truss won’t question it

The Tory leadership contenders are pursuing a dangerous nirvana of low taxation while ignoring the damage inflicted by leaving the EU

Evening Standard

Stagflation: What is it, and what can be done to tackle it?

A recent report has warned that the UK is headed for a recession that will plunge millions of vulnerable households across the UK into financial crisis.

Daily Record

What is a recession? Economic term and what happens during one explained

A chilling warning about the state of the economy - and how it affect vulnerable households - has been issued.

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