EY forecasts the UK economy to shrink 0.2% in 2027 with 6.4% inflation if the Strait of Hormuz remains closed until mid-2027. Reopening the strait by September improves this year's growth forecast to 0.8%. Interest rate cuts by the Bank of England are expected next year.
The UK economy grew 0.1% in May, driven by the service sector, despite falls in production and construction, with analysts noting fragility amid the Iran war's impact on energy prices and supply chains.
Public health doctors state that poorly executed workplace disciplinary investigations cost the UK economy £28.5bn annually. The UK Faculty of Public Health (FPH) argues these flawed processes prioritize procedure over people, causing significant harm to employees and organizations, likening the issue to smoking or bad diet.
The England vs. Norway World Cup quarter-final is projected to generate a significant economic boost for the UK, with estimates suggesting a near half-billion pound sales increase. Venues, retailers, and hospitality sectors are expected to benefit from increased spending on drinks, food, and merchandise.
The Bank of England and FCA will regulate major tech firms like Amazon and Google from Monday, overseeing critical third parties to ensure financial stability and consumer protection against cyber-attacks and outages.
UK music tourism reached a record £11.2bn in spending last year, attracting 24.7 million fans, including a 27% surge in overseas visitors. Major artists like Oasis, Coldplay, and Beyoncé contributed to the boom, with London seeing a significant rise in tourism revenue.
The UK's debate on rejoining the EU overlooks the bloc's significant transformation since Brexit. The EU now features common borrowing, assertive industrial policy, and a more geopolitical stance towards the US and China, diverging from traditional British preferences for open markets and transatlantic ties.
The Guardian launched an extensive investigation into private equity's role in the UK economy, revealing one in eight workers are employed by PE-controlled firms. The project faced challenges due to opacity and complex ownership structures, requiring innovative data journalism and on-the-ground reporting to uncover impacts on public services and individuals.
Andy Burnham faces economic headwinds with high borrowing and debt, but falling energy prices and easing inflation offer potential relief. He must balance spending promises with fiscal rules and avoid tax speculation.
A new study using Bank of England data indicates Brexit has cost the UK economy 6% in lost growth over a decade. The impact stems from post-referendum uncertainty and rising trade barriers with the EU.
The UK economy contracted by 0.1% in April, driven by a 0.2% fall in services, particularly sports and recreation, partly due to Middle East conflict impacts. Economists expected this contraction, which follows months of growth. Rising energy costs are a key concern.
The UK economy shrank by 0.1% in April, official figures show, as rising energy prices due to the Iran war and the closure of the Strait of Hormuz impacted growth. Services output declined, while construction saw a slight rise.
The UK economy contracted by 0.1% in April, ending a growth streak, as the Iran war impacts British output, with services declining 0.2% and a 9.1% drop in sports and recreation activities. Despite a 0.7% three-month GDP expansion, economists warn of tough conditions ahead due to inflation pressures and slowing growth.
UK Prime Minister Keir Starmer faces a challenging economic climate with rising inflation, stalled living standards, and slowing growth. High mortgage rates, increased business taxes, and nearing post-pandemic unemployment highs are impacting the economy, with the IMF predicting the UK will be the worst-affected G7 nation.
The UK economy grew 0.3% in March, beating forecasts of a 0.2% contraction, with Chancellor Rachel Reeves attributing the success to her economic plan and warning against risking stability. Despite being the fastest-growing G7 economy, concerns persist over potential recession due to the Iran war's fallout, rising inflation, and pressure on households.
Britain's economy grew 0.3% in March, beating forecasts of a 0.2% contraction, with Chancellor Rachel Reeves attributing the success to the government's economic plan, amid internal Labour leadership tensions and looming economic challenges.
The UK economy grew 0.3% in March, exceeding forecasts, with Chancellor Rachel Reeves attributing the resilience to the government's economic plan and arguing against leadership changes amid Labour party infighting.
The UK economy shows resilience despite the Iran war, with 0.6% growth in Q1, outperforming other G7 nations. Growth per capita is the fastest in four years, and key sectors like services and tech thrive, though some industries struggle. Consumer confidence dips due to rising fuel and mortgage costs.
The UK economy shows resilience, growing 0.6% in Q1 despite the Iran war, outpacing other G7 nations, with strong GDP per capita growth and sector-specific successes, though consumer confidence is declining.
The UK economy grew 0.3% in March, exceeding expectations of a 0.2% contraction, with the services sector leading the expansion despite higher energy costs from the Iran war, making the UK the top G7 economy for Q1 2026 so far.
The UK economy grew 0.6% in Q1 2026, outperforming forecasts, with Chancellor Rachel Reeves attributing the success to her economic plan and warning against risking stability amid Labour's internal power struggles and external economic pressures.
The UK economy grew 0.3% in March, defying expectations of a 0.2% contraction, with the services sector driving the unexpected expansion amid the Iran war, according to ONS data.
The UK economy grew 0.6% in Q1 2026, beating expectations, but economists warn of weakening growth ahead due to global conflict and potential leadership battle in the Labour party, which Chancellor Rachel Reeves warns could plunge the UK into chaos.
The UK economy grew 0.6% in the first quarter of 2026, exceeding expectations, but experts warn of potential slowdown due to the US-Israeli war with Iran, anticipating higher inflation and reduced GDP growth for the year.
