UK economy

Surprise UK retail sales rise adds to signs of pickup in economy

Market research firm GfK says that consumer confidence is at its highest level since August 2024

Britain's Chancellor of the Exchequer Rachel Reeves raised taxes in November by another £26 billion to reassure jittery bond markets – more than doubling the margin for error against her fiscal rules.

UK deficit falls more than expected as tax revenues jump

The deficit was £7.1 billion less than a year earlier

London Bridge, London. Unemployment in the UK, based on the ONS Labour Force Survey, held at a near five-year high of 5.1% in the three months to November. 

UK firms cut jobs at fastest pace in five years, wages cool

Payrolls have fallen by 220,000 since Chancellor Reeves ramped up employment costs in her first Budget in October 2024

The British government said it planned to speed up and simplify anti-trust probes, “working closely with the CMA (competition regulator) while preserving its independence”.

UK plans overhaul of its antitrust regime to drive growth

[LONDON] Britain aims to refine its competition regime, pledging to make it “faster, more predictable and more proportionate”, launching a formal consultation in what could be a major overhaul of one ...

Higher energy prices, interest rates and wage costs are making survival more difficult for zombies.

UK productivity surge signals economic turnaround: study

A long-promised pickup has eluded Britain for much of the period since the financial crisis

Workers outside the headquarters of the Bank of England in London. The central bank is expected to cut rates to around 3.25 per cent this year.
OUTLOOK 2026

UK economy expected to grow 1.4% in 2026 despite weaker unemployment

The euro zone’s GDP is forecast to slow just slightly to 1.2% this year and inch upwards to 1.4% in 2027, said analysts

Investors continued to almost fully price in two quarter-point interest rate cuts by the Bank of England in 2026.

Sterling set for rise as UK economy bounces back in November

After two consecutive weekly declines, it is on track for a 0.3% weekly increase

The Office for National Statistics said that the GDP was helped by a rebound at Jaguar Land Rover, with car manufacturing soaring 26% month on month.

UK economy rebounded in November as Jaguar cyberattack faded

The GDP rises 0.3% in November, beating all 29 forecasts monitored by Bloomberg

The Institute of Chartered Accountants in England and Wales (ICAEW) said its gauge of business confidence fell to -11.1 in the fourth quarter, its lowest since the end of 2022.

UK business confidence drops to 3-year low: survey

Business sentiment has fallen for six quarters in a row

Reflecting worries about inflation, more than half of the people surveyed by Barclays said they planned to reduce spending on food and discretionary items this year.

UK consumers cut spending in December by most since 2021, Barclays says

[LONDON] Britain’s consumers reined in their spending in December by the most in almost five years, according to debit and credit card data from Barclays published on Tuesday, adding to other signs of...