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 significant downgrade from predictions made by the OBR in March, when […]

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Regent Street, London

Drop in business activity in England points to GDP decline in Q4

Will the UK slip back into contraction in the fourth quarter? New figures out today have raised fresh concerns about the possibility. The latest Lloyds TSB Regional Purchasing Managers’

Construction in London

Smaller decline in UK construction output points to GDP revision

Output in the UK's construction sector in the second quarter of 2012 slowed less than previously estimated, the Office for National Statistics (ONS) said today. As a result of

Bank of England

Bank of England lowers UK growth forecast

The Bank of England has lowered its growth forecast for the UK and predicted that the economy will remain flat for the rest of this year, with slow

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