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The Latest Breaking News from Recession

Bank of England ‘risks worsening UK recession if no interest rate cuts soon’

Former chief economist Andy Haldane says keeping rates high could ‘crush the economy’

The Guardian - UK

EU opens formal investigation into TikTok; Bank of England ‘could worsen recession’ without interest rate cuts soon – as it happened

The European Union to investigate if TikTok breached online content rules aimed at protecting children, as Andy Haldane urges central bank to consider interest-rate cuts

The Guardian - UK

To revive Britain from recession the next government must get growth right

Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis

The Guardian - UK

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The first step to our economic liberation is to tear up these crippling fiscal rules

How are we to get out of this recession if not through investment, investment, investment?

The Guardian - UK

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

International Business Times

London fashion week celebrates its 40th birthday – but will recession cramp its style?

The city is set to be packed with celebrities this weekend as catwalks and the Baftas collide in the capital

The Guardian - UK

UK Retail Sales Surge, Indicating Rapid Economic Recovery

UK shoppers increase spending, signaling potential end to recession. Retail sales rose by 5.4% in June, exceeding expectations. Reopening of stores and eas...

Top News

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Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

That comes after an extremely disappointing December in which sales fell by 3.2%.

Evening Standard

Asian Markets Rally After Wall Street Highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

International Business Times

Polls close in Wellingborough and Kingswood byelections

Conservatives expected to lose two seats on day UK economy was announced to be in recession

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

The Guardian - UK

OPINION - The UK economy is in recession (and becoming a bit more European)

Four years after the UK exited the European Union and three years after leaving its formal structures (single market and customs union), the British economy is becoming a bit more European.

Evening Standard

Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

Evening Standard

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Evening Standard

The UK is in recession, but the Government continues to stifle London's growth

City Comment: It’s inexplicable that the Government has persisted as long as it has with an anti-growth measure that it knows harms its GDP motor

The Guardian - UK

‘Rishi’s recession’: Reeves seizes her moment to take the economic high ground

Shadow chancellor’s No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say

International Business Times

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

Top News

UK Officially in Recession as GDP Drops in Fourth Quarter

Learn about the UK's official recession as government data reveals a 0.3% GDP drop in Q4. Brexit, pandemic, and energy crisis contribute to the economic ch...

The Guardian - UK

Labour accuses Hunt of being ‘out of touch’, with voting under way in Kingswood and Wellingborough byelections – as it happened

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

International Business Times

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

The Guardian - UK

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

Al Jazeera

UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Evening Standard

FTSE 100 Live 15 February: ‘Low growth not a surprise’, says Hunt, as UK falls into recession

The UK economy finished last year in recession after GDP declined by a bigger-than-expected 0.3% in the fourth quarter.

Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

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