68 m. ago UK economy shrinks in January; stocks and euro jump on German debt deal – as it happened

UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statement; Friedrich Merz declares: ‘Germany is back’Let’s look at the GDP figures in more detail.The 0.9% drop in production output in January, which came after 0.5% growth in December, was mainly caused by a 1.1% slump in manufacturing while mining and quarrying also declined. Basic metals and metal products were down along with pharmaceutical products. Continue reading...

Economics

2 h. ago UK economy shrinks in January; stocks and euro jump on German debt deal – business live

UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statement; Friedrich Merz declares: ‘Germany is back’Let’s look at the GDP figures in more detail.The 0.9% drop in production output in January, which came after 0.5% growth in December, was mainly caused by a 1.1% slump in manufacturing while mining and quarrying also declined. Basic metals and metal products were down along with pharmaceutical products. Continue reading...

Economics

4 h. ago UK economy shrinks in January; stocks and euro jump on reported German debt deal – business live

UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statementLet’s look at the GDP figures in more detail.The 0.9% drop in production output in January, which came after 0.5% growth in December, was mainly caused by a 1.1% slump in manufacturing while mining and quarrying also declined. Basic metals and metal products were down along with pharmaceutical products. Continue reading...

Economics

5 h. ago What is a recession? UK sees 0.1% fall in GDP ahead of Rachel Reeves' spring statement

Recession fears loom as the UK economy unexpectedly shrank at the beginning of the year

Politics

7 h. ago Chancellor ‘determined to turn around’ economy amid surprise fall in GDP

Figures revealed a surprise contraction in the economy in January, in a blow to Rachel Reeves ahead of her spring statement.

Politics

8 h. ago Body blow for Rachel Reeves after GDP fell 0.1% in January with worse to come from Budget tax raid and Trump's tariffs

GDP fell 0.1 per cent in January as production plunged despite the Chancellor's high-profile push for growth.

Economics

8 h. ago UK economy unexpectedly shrank by 0.1% in January in blow to Rachel Reeves

The slowdown in January piles further pressure on Rachel Reeves and Sir Keir Starmer ahead off this month’s spring statement

Politics

8 h. ago Body blow for Rachel Reeves after GDP fell 0.1% in January with fears of worse to come from Budget tax raid and Trump's tariffs

GDP fell 0.1 per cent in January as production plunged despite the Chancellor's high-profile push for growth.

Economics

3 w. ago Tax rise fears grow as 'High Street woes start to hit public finances' in new blow to Rachel Reeves

Firms are warning they are having to cut jobs after being hit with higher National Insurance bills

Economics