New data has revealed that while the UK did enter a recession last year, it was slightly less severe than financial experts thought. The Office for National Statistics (ONS) has released revised ...
By David Milliken and William James LONDON (Reuters) – Britain’s economy ... lengthy recession, starting in the first quarter of this year and lasting five quarters. “The UK avoided a ...
The economy shrank by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession if it fails to grow for two ...
The U.K. economy sank into a recession in the final six months of 2023, marking it out as one of the weakest performers among developed nations, hit by high inflation and interest rates that ...
LONDON, March 28 (Reuters) - Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters ...
The UK economy fell into recession during the final three months of 2023, according to official figures. However, the Bank of England has since suggested that the downturn might already be over.
Households will have more cash to splash this year after disposable income actually increased in the final quarter of last year despite the fact that the UK was in a recession, new figures show.
In a surprising turn, the UK's unemployment rate has climbed to a six-month peak of 4.2%, signalling a cooling labour market.
The flash composite purchasing managers’ index for the eurozone, tracked by policymakers as an early gauge of economic fortunes, rose to an 11-month high of 51.4 in April, up from 50.3 a month earlier ...
Two quarters in a row of an economy shrinking is typically considered the definition of a technical recession. But the revised figures still came below expectations, as some economists had ...
People spending less, doctors' strikes and a fall in school attendance dragged the UK into recession at the end of last year, official figures show. The economy shrank by a larger than expected 0. ...
LONDON (Reuters) - Britain's economy entered a shallow recession last year ... against the dollar and the euro after the data release. UK RECOVERY BEGINS SLOWLY The Bank of England (BoE) has ...