16 h. ago Pound suffers further falls as UK’s fiscal troubles set to deepen

The UK’s independent fiscal watchdog has reportedly cut its productivity forecast, deepening the challenging facing the Chancellor.

Events

18 h. ago Rachel Reeves insists Britain can 'defy' grim economic forecasts

The Chancellor is currently scrambling to plug a multi-billion pound hole in her spending plans ahead of her fiscal package on 26 November.

Economics

27 h. ago UK can ‘defy’ gloomy forecasts despite productivity problems, says Chancellor

Rachel Reeves argued that austerity, Brexit and the pandemic had left ‘deep scars’ on the UK’s economy.

Politics

41 h. ago Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

Economics

42 h. ago Productivity bombshell leaves Brits facing BIGGER tax rises next month and 'blows a £20bn hole in Reeves' Budget'

The Office for Budget Responsibility (OBR) watchdog is reportedly poised to cut its trend productivity forecast by about 0.3 percentage points in its upcoming projections.

Economics

3 w. ago Aston Martin calls on Labour for support as British luxury carmaker faces heavy losses

Aston Martin is set for heavy losses this year after the luxury carmaker was forced to slash production volume forecasts in response to macroeconomic disruption.

Politics