News

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves
In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’ ...
U.K. Economy Shrinks on Tariff Hit
The U.K. contracted more than expected in April as the uncertainty created by Trump’s evolving trade policy brought a halt to ...
Service side of economy shrinks for first time in almost a year — another trade war casualty
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing ...
UK economy shrinks by the most in nearly two years, ONS says
Britain's economic output contracted sharply in April in April, when shockwaves from U.S. President Donald Trump's ...
Rachel Reeves fails to rule out future tax rises as economy shrinks
However, the Chancellor repeated her promise that she would not need to increase taxes on the same scale as last year.
European stocks decline amid negative tariff sentiment; UK economy shrinks more than expected
Futures data from IG suggests London's FTSE will open 33 points lower at 8,838, Germany's DAX down 189 points at 23,783, ...
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3 per cent in April in another blow to Rachel Reeves, figures from the Office for National ...
UK’s economy shrinks more than expected, Trump’s trade war hits it hard
National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since ...
UK economy contracted by 0.3% in April
The UK economy contracted by 0.3 per cent in April, the steepest monthly drop since 2023, underscoring the challenge for ...