Recession

Why is the UK economy doing worse than the rest of the G7?

Factors behind IMF’s latest forecast which shows UK will be only large economy to contract this year

Richard Partington Economics correspondent

31, Jan, 2023 @4:07 PM

Jeremy Hunt to promote low-tax and private sector ‘retooling’ of industry

Chancellor also expected to tell markets that government spending will remain within strict limits

Phillip Inman

26, Jan, 2023 @11:53 PM

Impending UK recession could be twice as bad as anticipated, say analysts

Contrary to other recent economic analysis the business consultancy EY forecasts 0.7% drop in GDP this year

Miles Brignall and agency

23, Jan, 2023 @12:01 AM

A global recession may be looming, but there is a way out of this rut | Larry Elliott

Last century investment, innovation and the fight for equality led to a huge rise in productivity. Policies to encourage those are vital now, says Guardian economics editor Larry Elliott

Larry Elliott

04, Jan, 2023 @2:35 PM

UK pubs and restaurants cut winter hours to weather ‘perfect storm’ in 2023

Some firms cut capacity by 20% to match supply and demand as custom fades, bills rise and government support dwindles

Joe Middleton and Joanna Partridge

03, Jan, 2023 @6:00 AM

Five charts that show the UK’s economic prospects in 2023

Inflation, faltering GDP and rising unemployment are all on the cards for the country this year

Richard Partington Economics correspondent

29, Dec, 2022 @1:03 PM

Bank of England raises interest rates to 3.5% in ninth increase in a year

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession

Phillip Inman

15, Dec, 2022 @7:00 PM

Fears for UK economy after manufacturing sector shrinks by 4%

Industry body Make UK says ‘no sugar-coating poor outlook’ for next year and ‘possibly beyond’

Miles Brignall

12, Dec, 2022 @12:01 AM

Bank of England set to spoil the festive mood with another interest rate rise

The Bank is likely to raise borrowing costs again this week – but how much longer can they keep going up?

Phillip Inman

11, Dec, 2022 @12:05 AM

Is the UK really facing a second winter of discontent?

Comparisons with 1979 are misleading – strikes over pay now are smaller in scale and focus, and stoked by inflation

Richard Partington

08, Dec, 2022 @6:00 AM

The Tories know the game is up, even if the City of London doesn’t

With faith in Labour economic policies on the rise, and staunch voters losing faith, the next election will not be another 1992

Phillip Inman

03, Dec, 2022 @5:00 PM

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

Richard Partington

03, Dec, 2022 @3:55 PM