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growth

IMF has downgraded UK growth prospects as the wider global outlook also darkened (Victoria Jones/PA)

UK economy set for slowest growth in G7 as IMF slashes forecasts

July 26, 2022

Interest rates may have to rise to 2% or higher in the next year to rein in rocketing inflation and it is better to take aggressive action now than “too little too late”, according to a Bank of England policymaker.

Interest rates could hit 2% or higher in the next year, says Bank policymaker

July 18, 2022

Conservative leadership contenders should focus on long-term growth policies and not tax cuts to boost consumer spending that are “doomed to fail”, the CBI business group has warned (PA)

Tory leader hopefuls should avoid tax cuts that are ‘doomed to fail’, warns CBI

July 13, 2022

British families are nearly £9,000 worse off than households in similar economies due to a “toxic combination” of low growth and inequality, according to a think tank (Joe Giddens/PA)

UK families ‘nearly £9,000 worse off than in comparable countries’

July 13, 2022

The Bank of England announced its interest rate decision on Thursday (Yui Mok/PA)

Bank of England hikes interest rates to 1.25%

June 16, 2022

Governor of the Bank of England Andrew Bailey is likely to vote to only rise rates by 25 basis points, one expert said (Frank Augstein/PA)

Bigger rates rise off the table as Bank of England ponders change

June 15, 2022

Britain’s unexpected drop in output over April is seen putting the economy on course to shrink in the second quarter and has pushed recession fears back to the fore (Kirsty O’Connor/PA)

Shrinking economy in April puts recession fears back in spotlight

June 13, 2022

Governor of the Bank of England Andrew Bailey is one of the decision markets on the policy committee (Frank Augstein/PA)

Bank of England expected to hike interest rates to new 13-year high

June 12, 2022

UK inflation will peak at more than 10% later this year, the OECD said (Dominic Lipinski/PA)

UK growth downgraded by OECD with stagnation expected next year

June 8, 2022

Inflation is set to peak at 10% this year, the OECD said (Dominic Lipinski/PA)

UK growth downgraded by OECD with stagnation expected next year

June 8, 2022

Growth in the UK economy slowed over the past month, according to early figures (Victoria Jones/PA)

Economic growth plummets as inflation drags on UK firms

May 24, 2022

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