GDP
UK economic outlook brighter but growth held back by ‘uncertainties’, says BCC
The British Chambers of Commerce has upped its outlook for the UK economy, predicting growth of 1.1% in 2024.
Why did the UK economy grow over the past quarter and what does it mean?
The PA news agency looks at what fresh GDP figures mean for the wider UK economy, households and the Government.
UK economy grows 0.6% between April and June
UK gross domestic product for the second quarter matched economist predictions.
UK economy fared better in 2022 than previously thought, new figures show
Revised official figures show economic growth was stronger during a year that the country faced double-digit inflation.
Bank cuts interest rates to 5% but signals rapid fall unlikely to come
Governor Andrew Bailey said the Bank needs to be ‘careful not to cut interest rates too quickly or by too much’.
Bank of England cuts interest rate to 5% in first drop since 2020
The Bank has reduced rates from 5.25% to 5%.
Summer rate cut ‘on a knife-edge’ after economy grows faster than expected
The Office for National Statistics said gross domestic product increased by 0.4% in May, following no growth in April.
UK economy returns to growth in May
The Office for National Statistics said gross domestic product increased by a stronger-than-expected 0.4% in May
UK economy grew faster than expected during May
The Office for National Statistics said gross domestic product increased by a stronger-than-expected 0.4% in May
‘Pre-General Election seize-up’ sees services sector growth slow – survey
A closely-watched survey suggests the level of activity in the sector slowed in June, compared to May.