9 d. ago UK economy far exceeds forecasts to grow 0.5% in boost to Rachel Reeves

February GDP rise bigger than forecast but impact from Donald Trump’s tariff war yet to comeBusiness live – latest updatesThe UK economy unexpectedly expanded by 0.5% in February, figures show, in a boost for Rachel Reeves before an expected downturn triggered by Donald Trump’s tariff war.Reversing a modest fall in January of 0.1%, the increase in gross domestic product in February was five times larger than the 0.1% growth that a poll of City economists had forecast. Continue reading...

Politics

1 week ago India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

Politics

2 w. ago UK economic growth to be slower than forecast due to tariffs, say economists

UK economic growth could be up to 0.5 percentage points lower than expected in the coming years, according to economists.

Economics

2 w. ago Fact check: Economic growth is forecast to slow in 2027 and 2028

Growth is not expected to go up in 2027 or 2028, although the economy will continue to grow.

Economics

3 w. ago Spring Statement 2025 LIVE: Rachel Reeves warned economic plans could be derailed as UK growth forecast slashed

Chancellor Rachel Reeves has presented her first highly-anticipated Spring Statement to parliament.

Events

3 w. ago Spring statement 2025 live: OBR slashes economic growth forecast as 3m families to be hit by welfare cuts

Quarter of a million people, including 50,000 children, pushed into poverty by end of decade due to welfare reforms, according to government’s own impact assessment

Economics

3 w. ago Read the Chancellor's Spring Statement in full: From welfare cuts to defence spending and national living wage

All 50 pages of the spring statement were issued as a PDF by the Treasury today after the Chancellor blamed 'increased global uncertainty' as the budget watchdog slashed its economic growth forecast.

Economics

3 w. ago So much for growth, growth, growth! Rachel Reeves admits forecast for economy HALVED with inflation higher

Chancellor Rachel Reeves stressed the grim realities facing the country as she delivered her Spring Statement to the Commons, arguing the 'world has changed'.

Economics

3 w. ago Economic growth forecast halved as Reeves blames global instability

Chancellor Rachel Reeves was forced to set out further cuts in public spending after the Office for Budget Responsibility’s verdict.

Economics

3 w. ago Reeves admits “further and faster” action is needed to kickstart growth

Before the statement, the Office for Budget Responsibility will publish its forecast on the UK economy, which is widely expected to slash its forecast for economic growth

Politics

last month UK economic growth forecast to be cut in half in blow to Starmer and Reeves

A major downgrade to Britain’s economic growth forecast could pile further pressure on the chancellor in her spring statement

Economics