GDP

BoE raises interest rate for 12th time to 4.5%

The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The…

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Poor weather sees retail sales fall 0.9% in March

Retail sales in the UK fell 0.9% in March according to latest figures from the Office for National Statistics (ONS).…

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UK economy flatlines in Feb

Real gross domestic product (GDP) is estimated to have shown no growth in February 2023, where falls in services and…

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UK economy avoids recession amid 0.1% growth

The UK economy narrowly avoided a recession during the fourth quarter (Oct-Dec) as UK GDP increased 0.1%, revised up from…

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BoE raises interest rates to 4.25%

The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate…

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UK GDP grows by 0.3% in January

Monthly gross domestic product (GDP) is estimated to have increased by a narrow 0.3% in January, with a faster recovery…

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UK narrowly avoids recession as economy flatlines in Q4

The UK economy narrowly avoided recession as the latest figures from the Office for National Statistics (ONS) shows there was…

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Consumer confidence remains at ‘historic lows’ in December

GfK’s Consumer Confidence Index increased by only two points in December to -42, with confidence still sitting at “historic lows”. …

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UK economy returns to growth in October

The UK economy returned to growth in October following the period of national mourning after the death of the Queen,…

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CBI downgrades growth forecast to -0.4% amid ‘lacklustre outlook’

CBI has downgraded its GDP growth outlook significantly, to -0.4% in 2023 (from 1.0% in its last forecast), after a…

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