Economy
Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves
The Chancellor is dealing with a challenging economic landscape as she attempts to inspire confidence in Labour’s agenda.
‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close
Since winning the UK’s general election in July, Labour has faced sharp swings in the economic outlook and a shifting public mood.
UK retail sales improve despite weaker trading at clothing stores
Economists said growth among supermarkets helped to offset a weaker period for the clothing sector.
Government borrowing falls to lowest November level in three years
Rising tax receipts and lower public sector interest payments offset higher spending on public services, in a boost for chancellor Rachel Reeves.
PM says he would not change a thing despite bruising first five months in power
Sir Keir Starmer acknowledged his Government had done ‘tough stuff’ since coming to office in July.
Bank of England holds interest rates at 4.75% but says UK economy stagnating
The Bank’s Monetary Policy Committee said it was keeping rates unchanged on Thursday following a divided vote among policymakers.
North’s economy grew over the summer, official data suggests
Manufacturing sector enjoys 1.6% recovery in third quarter
Putin boasts about gains in Ukraine as he holds annual news conference
The tightly choreographed session is broadcast live by state-controlled TV stations across Russia.
UK interest rates held at 4.75% amid ‘heightened economic uncertainty’
The Bank of England said it was keeping rates unchanged on Thursday after cutting the level in August and again in November.
UK interest rates set to be held at 4.75% after inflation rises again
The Bank of England will announce the results of its next policy decision on Thursday.