UK in recession

Office for National Statistics confirms Q4 contraction in UK economy

After months of conjecture, official figures confirmed today that the UK’s economy contracted again in the fourth quarter after only three months of growth. The Office for National Statistics (ONS) said that GDP decreased by an estimated 0.3% in the […]

Continue Reading...
UK debt

Rise in UK public sector borrowing in December

Ahead of Friday's release of the latest GDP figures, the Office for National Statistics (ONS) had bad news for the government this morning in the form of the

George Osbourne

UK chancellor confirms lower expectations for economic growth

The UK economy is now expected to contract by 0.1% in 2012 and then grow by 1.2% in 2013, the Office for Budget Responsibility announced today. This is a

Bank of England

UK economy will return to growth in second half, says ITEM Club

The UK economy will show a return to growth in the second half of this year, a report from the Ernst & Young ITEM Club said today. Growth is

UK economy driven by automotive industry

UK economy to return to growth in third quarter

The UK economy is expected to rebound in the third quarter, after official figures showed today that GDP contracted by less than previously thought in the second quarter. In

UK econonomy shinking

UK business groups expect economy to shrink this year

Leading business groups in the UK have downgraded their economic forecasts and called for action from the government. The British Chambers of Commerce (BCC) announced today that it expects

The Queen's Jubilee could have dented growth -- ONS

UK economy shrank 0.7% in second quarter

A sharp decline in the UK's economy was announced today by the Office for National Statistics (ONS). The statistics agency estimates that GDP declined by 0.7% between the first

Olympic Stadium

Olympics predicted to boost UK economy by £16.5bn

The UK economy will get a £16.5bn boost from the London Olympic Games, a new report claimed today. Banking group Lloyds, whose Lloyds TSB is a London 2012 sponsor,

GDP Down

British Chambers of Commerce expects minimal economic growth in 2012

The British Chambers of Commerce (BCC) has cut its forecast for economic growth this year to just 0.1%, down from its earlier prediction of 0.6%, and said that

Double Dip

UK economy in deeper decline than previously estimated

The UK's double-dip recession is deeper than originally estimated, according to new figures released today by the Office for National Statistics (ONS). An updated assessment shows that gross domestic

Powered by WordPress