Lead Story
UK emerges from recession with stronger than expected GDP growth
Official figures from the ONS indicate the UK is no longer in recession, with GDP growth of 0.6% in the first quarter exceeding expectations.
Recession
Lead Story
UK economy slips into technical recession with Q4 contraction
The UK enters a technical recession with a Q4 GDP fall of 0.3%, marking the second consecutive quarter of economic decline, despite a slight annual growth.
News
UK economy sees light at the end of the tunnel for 2024, Cebr
The UK economy is poised for recovery in 2024, with the Cebr forecasting slight growth improvement. However, challenges remain, necessitating comprehensive policy reforms to enhance long-term growth prospects.
News
Bank of England slammed as UK stands on brink of recession
Brokers have accused the Bank of England of strangling the UK economy as new data shows that GDP shrank in the third quarter of the year.
News
46% of experts believe recession is on the horizon if base rate doesn’t decline before 2024
Finder brought together an expert panel of academics, economists, mortgage and savings experts, to ask them for their predictions on what will happen to the base rate for the rest of 2023.
Lead Story
Over-50s fear effects of a recession
A third of over-50s have concerns about being able to put enough food on their tables if the country slips into the recession predicted by the Bank of England.
News
Recession likely to be deeper, but not longer – EY ITEM Club
The UK economy is still expected to return to growth in summer 2023 and into 2024 as inflation falls back and consumers use strong balance sheets to save less and spend more.
News
Two in five SMEs fear insolvency as UK heads for recession
One in three (39%) fear their business will be fatally or critically impacted by any forthcoming recession, while a similar number (43%) say they will have to borrow money just to keep their business afloat.
News
UK to be in recession until summer 2023 – EY Item Club
The UK will be in recession until the summer of 2023, economists at EY Item Club have forecast.
Featured
Four in five Britons believe recession is imminent – Poll
More than four in five Britons believe the UK will dip into recession next year, according to research published today.
News
Goldman Sachs downgrades British economic forecasts
Banking giant Goldman Sachs has downgraded its British economic forecasts predicting recession to hit country in the final quarter of 2022.
Lead Story
18-35 year olds taking second jobs as home ownership slips out of view – KIS Finance
With interest rates increasing by a further 0.5% to 1.75%, the biggest increase in 27 years, young people in particular are struggling to get onto the housing ladder.