rise in price level in an economy over time
UK growth forecast downgraded by IMF: GDP expected to increase by just 0.5% this year, the second-slowest rate in G7 after Germany
ft.com/content/47200602-d516-4312-a146-e011e937edef
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Can the economy rescue Britain’s Conservatives? : Polling shows Liz Truss’s disastrous mini-Budget looms large in voters’ minds ahead of general election
ft.com/content/064dff95-badf-4f3c-bbca-8dc1c8afda4c
Rishi Sunak faces PMQs as UK inflation drops to a two-and-a-half year low : The Prime Minister has said that his 'economic plan is working'.
news.stv.tv/politics/rishi-sunak-faces-pmqs-as-uk-inflation-drops-to-a-two-and-a-half-year-low
UK on track to exit recession despite slower services growth, PMI data shows: Britain's economy looks on track to exit recession when official first-quarter ...
reuters.com/world/uk/uk-track-exit-recession-despite-slower-services-growth-pmi-data-shows-2024-04-04/
Data confirms UK economy went into recession last year: Official figures confirmed Britain's economy entered a shallow recession last year ...
reuters.com/world/uk/data-confirms-uk-economy-went-into-recession-last-year-2024-03-28/
Exclusive Interview: 'We have an increasingly positive story to tell.' Andrew Bailey told the Financial Times that rate cuts were 'in play' at future meetings ... Show more www.ft.com/content/964d883f-4f47-4f2f-bd13-b44858efa075
It’s hard to be proud of the FTSE 100: The FTSE's poor performance over so many years means London is now a relatively unattractive place to list equities.
spectator.co.uk/article/its-hard-to-be-proud-of-the-ftse-100/
British inflation slowed in February, keeping the Bank of England on track to start cutting interest rates in the months ahead and offering some better ... Show more www.reuters.com/world/uk/uk-inflation-slows-34-february-2024-03-20/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
UK interest rates held at highest level for 16 years by the Bank of England, remaining at 5.25% - live analysis and reaction www.bbc.co.uk/news/live/business-68581527
UK interest rates: Bank boss says cuts 'on the way': The Bank of England has kept the cost of borrowing at 5.25% for the fifth time in a row.
bbc.com/news/business-68618436
Allegra Stratton: The Feel-Meh Factor: Once again, we are obsessing about 0.1%.
bloomberg.com/news/newsletters/2024-04-17/allegra-stratton-the-feel-meh-factor
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Bank of England to start cutting in Q3 but strong chance of Q2 move - Reuters poll
reuters.com/business/finance/bank-england-start-cutting-q3-strong-chance-q2-move-2024-03-14/
BOE Governor Expects Sharp Drop in UK Inflation Next Month: Bank of England Governor Andrew Bailey expects a sharp drop in Britain’s inflation rate next month ...
bloomberg.com/news/articles/2024-04-17/boe-governor-expects-sharp-drop-in-uk-inflation-next-month
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Others paying too dearly for Bank of England shortcomings: The Ben Bernanke review has reignited the debate over the extent to which the BoE’s failings have ...
heraldscotland.com/opinion/24255225.others-paying-dearly-bank-england-shortcomings/
Economists warn tax hikes are on the table in Tuesday’s budget: The Finance Minister has fuelled that speculation in large part by refusing to rule out such ...
theglobeandmail.com/politics/article-economists-warn-tax-hikes-are-on-the-table-in-tuesdays-budget/
Paid articlePaid Rishi Sunak faces PMQs amid reports of attempts to depose him: Sunak will undertake the last Prime Minister’s Questions before the House of Commons breaks for ...
news.stv.tv/politics/rishi-sunak-faces-pmqs-amid-reports-of-attempts-to-depose-him
Allegra Stratton: Robocops Tackle Shoplifting: Tesco is predicting better times ahead for shoppers. Our story today shows that Britain’s largest grocer believes ...
bloomberg.com/news/newsletters/2024-04-10/allegra-stratton-robocops-tackle-shoplifting
A little economic cheer: Yesterday’s fall in inflation, faster than expected, is good news for the Prime Minister
inews.co.uk/news/politics/a-little-economic-cheer-2967367
Fitch upgrades UK credit rating outlook to 'stable': Fitch upgraded its credit rating for UK government debt from "negative" to "stable" Friday ...
thedailystar.net/business/news/fitch-upgrades-uk-credit-rating-outlook-stable-3573966
UK Budget 2024: Key Measures Announced by Jeremy Hunt: Jeremy Hunt’s UK budget decisions on Wednesday amounted to a pre-election giveaway that in the Chancellor ...
bloomberg.com/news/articles/2024-03-06/here-are-the-key-uk-budget-measures-announced-by-jeremy-hunt
Inflation in UK shops drops to lowest level in two years: Retailers cut the price of Easter treats, clothing and electrical items as consumer spending slowed
theguardian.com/business/2024/apr/02/inflation-in-uk-shops-drops-to-lowest-level-in-two-years
GDP figures: UK entered recession in 2023, new figures show - BBC News: The UK economy shrank by 0.3% in the final quarter of 2023 - the second quarter in a row ...
bbc.co.uk/news/live/business-68297420
UK statistics chief criticises Treasury ministers for misleading tax claims: Latest rebuke follows similar recent interventions over comments by Rishi Sunak
ft.com/content/aebbfe9b-d33f-485c-a631-3ff072ecca6c
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Jeremy Hunt's latest economic decisions show how boxed in he is: The chancellor is considering the abolition of the non-dom tax status in next week’s budget ...
itv.com/news/2024-02-28/jeremy-hunts-latest-economic-decisions-show-how-boxed-in-he-is
Bank of England keeps key interest rate steady and doesn't signal cuts are ahead: The Bank of England has kept its main interest rate unchanged at a 16-year high ...
apnews.com/article/bank-of-england-interest-rates-inflation-d06252b43d739c79e7198a9b5aec0c64
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Better moment for UK economy likely to come too late for Rishi Sunak: Prime minister has ruled out May election but households face high prices for sometime to ...
theguardian.com/business/2024/mar/24/better-moment-for-uk-economy-likely-to-come-too-late-for-rishi-sunak
Will UK households enjoy a better year in 2024?: Rebound in retail sales fails to mask broader picture of Britain’s sluggish outlook, economists say
ft.com/content/e5341d10-6a1f-4162-be22-d10e2d591d69
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UK inflation cools to 2.5-year-low to fuel BoE rate cuts debates: Consumer price inflation in the United Kingdom cooled more than expected in February ...
dailysabah.com/business/economy/uk-inflation-cools-to-25-year-low-to-fuel-boe-rate-cuts-debates
British inflation held steady at four percent in January. The number comes as a relief for the country's central bank and Prime Minister Rishi Sunak in a ... Show more reut.rs/3HZszJn
Inflation shock could knock economic progress off course, OBR warns: Living standards are expected to recover more quickly than expected
inews.co.uk/news/politics/inflation-shock-economic-progress-obr-2943959
Tory MPs urge Bank of England to cut interest rates in May for election boost: There is speculation that there could be two rate cuts before the likely date of ...
inews.co.uk/news/politics/tory-mps-bank-of-england-interest-rates-may-for-election-boost-2969212
UK consumer sentiment returns to two-year high, GfK survey shows: British consumer sentiment returned to a two-year high this month as households took a more ...
reuters.com/world/uk/uk-consumer-morale-falls-unexpectedly-february-gfk-survey-shows-2024-02-23/
Monetary policy: British inflation rate falls to lowest level since 2021: Consumer prices rose by 3.4 percent in February compared to the same month last year ...
handelsblatt.com/finanzen/geldpolitik/geldpolitik-britische-inflationsrate-faellt-auf-tiefsten-stand-seit-2021/100025932.html
Great Britain: Inflation rate falls to lowest level since 2021: In Great Britain, inflation weakened in February. The British central bank has raised interest ...
faz.net/aktuell/wirtschaft/grossbritannien-inflationsrate-faellt-auf-tiefsten-stand-seit-2021-19599435.html
BattlegroundOnNDTV | Maharashtra's Battle For 48: Who Leads?www.ndtv.com/video/shows/battleground/lok-sabha-polls-2024-maharashtra-s-battle-for-48-who-leads-769870
UK economy returns to growth at start of 2024: Britain's economy returned to growth at the start of 2024, offering some relief to Prime Minister Rishi Sunak ...
reuters.com/world/uk/uk-economy-grows-by-02-january-2024-03-13/
Quick Glance: UK Economy Sees Growth
- The Gross Domestic Product (GDP) in the UK increased by 0.2% in January, according to the Office for National Statistics (ONS).
- The main reason for the growth was primarily the customer-facing services industry, which expanded by 0.2% in January and constitutes a significant portion of the economy.
- The construction sector also experienced positive growth, with output increasing by 1.1% compared to the previous month.
- However, the data provided is an estimate and is subject to revision as more information becomes available for accurate analysis.
UK shoppers pick up their spending, signalling quick end to recession: British retail sales jumped by the most in almost three years in January as consumers ...
reuters.com/business/retail-consumer/uk-retail-sales-rise-by-more-than-expected-34-january-ons-2024-02-16/
The Prime minister, whose income was £2.2m last year, will be paid an additional nearly £5,000 next yearwww.gazettelive.co.uk/news/teesside-news/rishi-sunak-accept-inflation-busting-28831591
The Bank of England left interest rates unchanged even as it hinted at a cut, with Governor Andrew Bailey saying inflation was moving in the right direction ... Show more reut.rs/42ksIR5
Rising long-term sickness threatens UK economic recovery prospects: Britain's long-term illness problem is worse than previously thought, aggravating the ...
reuters.com/world/uk/rising-long-term-sickness-threatens-uk-economic-recovery-prospects-2024-02-13/
Irish, U.K. leaders visit Belfast to meet Northern Ireland’s newly revived government
pbs.org/newshour/world/irish-u-k-leaders-visit-belfast-to-meet-northern-irelands-newly-revived-government
Quick Glance: Historic Milestone: First Nationalist Minister Appointed in Northern Ireland
- Michelle O'Neill from Sinn Fein has made history as the first nationalist minister in Northern Ireland.
- The deputy first minister will be Emma Little-Pengelly from the Democratic Unionist Party (DUP).
- According to the Good Friday Agreement, the deputy minister has the same authority as the first minister.
- In her speech, which started in Irish, Ms O'Neill said: 'Today opens the door to the future - a shared future.'
UK set for inflation rise and possible recession in double Budget blow for Hunt: The Office for National Statistics will publish data on inflation and GDP growth ...
inews.co.uk/news/politics/uk-inflation-rise-possible-recession-budget-hunt-2901153
UK food prices to keep rising through 2024, industry researcher cautions: British food and drink prices will continue to rise in 2024, contributing to an ...
reuters.com/world/uk/uk-food-prices-keep-rising-through-2024-industry-researcher-cautions-2024-01-25/
U.K. Inflation Unexpectedly Rises After Cost of Tobacco Increases. What to Know: Inflation in the U.K. rose in December, contradicting earlier predictions and ...
time.com/6556391/uk-inflation-unexpectedly-rises-what-that-means/
Quick Glance: Price Surge Predicted: Inflation Pushes Up Broadband and Mobile Costs
- The inflation increase is depicted as an indictment of Tory rule.
- A rise in inflation is dire news for families after 14 years of economic struggle.
- Most mobile and broadband providers increase prices mid-contract based on December's inflation rate plus 3.9%.
- CIGARETTES AND ALCOHOL were the primary drivers of the price surge, with a 12.9% increase in the year to year comparison.
UK enters recession as economy shrinks - What is a recession? Will interest rates come down?
nationalworld.com/lifestyle/money/uk-enters-recession-as-economy-shrinks-4519109
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House committee tells Loblaw and Walmart to sign grocery code or risk legislation
torontosun.com/news/national/house-committee-tells-loblaw-and-walmart-to-sign-grocery-code-or-risk-legislation
"Don't sleepwalk into food insecurity" expert warns: Dr Clive Black highlights the increasing global risks and challenges to food security ...
newfoodmagazine.com/article/219788/dont-sleepwalk-into-food-insecurity/
UK equities rise on inflation relief: The UK's main stock indexes rose on Wednesday after softer-than-expected inflation data provided comfort to investors ...
reuters.com/world/uk/london-stocks-rise-softer-inflation-data-2024-02-14/
Lower inflation lifts UK consumer sentiment to two-year high - GfK: British consumers are their most confident since January 2022 as lower inflation helped them ...
reuters.com/world/uk/lower-inflation-lifts-uk-consumer-sentiment-two-year-high-gfk-2024-01-26/
Lifting UK economy no game-changer for PM: Falling inflation, the prospect of interest rate cuts and signs that Britain’s economy is gathering some pace sound ...
gulftoday.ae/opinion/2024/02/09/lifting-uk-economy-no-game-changer-for-pm
Who will save the people from the ‘big fish’?: The new state minister for commerce Ahsanul Islamis unwilling to use the term ‘syndicate’ ...
en.prothomalo.com/opinion/op-ed/p8o67a1ukd
UK economy will enter ‘grey gloom’ until polling day, economists say: Lower inflation will result in little perceptible improvement to living standards as growth ...
ft.com/content/d3d13d69-d21f-4c1c-bbb7-853d2e9b2081
Election in 2024 unlikely, cost-of-living help on the way: Albanese: The prime minister began his year with an appeal to return the treasured baggy green cricket ...
theage.com.au/politics/federal/election-in-2024-unlikely-cost-of-living-help-on-the-way-albanese-20240103-p5euwx.html
UK HS2 high-speed railway’s estimated cost soars to £67bn: Project chair Sir Jon Thompson tells MPs there are no guarantees price of London to Birmingham line ...
ft.com/content/098330a3-ee50-4e9d-9cdd-b9b51d1e6d1d
Cautious consumers and cold weather temper UK retail sales growth: British retailers reported sluggish sales in January as shoppers remained cautious about ...
reuters.com/world/uk/cautious-consumers-cold-weather-temper-uk-retail-sales-growth-2024-02-06/
DWP set to issue response to calls for new cost of living payments from April: The Government will make a formal statement following growing pressure for a new ...
birminghammail.co.uk/news/cost-of-living/dwp-response-cost-living-payments-28472705
Junior Doctors at N.H.S. Begin 6-Day Strike: The young doctors’ walkout is planned for six days — their longest action yet — and could result in numerous ...
nytimes.com/2024/01/03/world/europe/national-health-service-doctors-strike.html
Quick Glance: British Doctors Strike for Better Pay
- Thousands of British doctors strike for six days over poor pay and working conditions.
- Patients in Britain faced cancelled treatments as doctors walked off the job.
- Emergency and maternity services are covered by senior doctors and other medics.
- The strikes are having a serious impact on patients and have resulted in over 1.2 million rescheduled appointments.
Brexit and Liz Truss to blame for Britain’s inflation problem, Rachel Reeves says
inews.co.uk/news/politics/brexit-liz-truss-blame-britains-inflation-problem-rachel-reeves-2857967
'Worst inflation in a generation' dominated household budgets in 2023: Food inflation hit a more than 45-year high of 19.6% in March, and while price rises have ...
itv.com/news/2023-12-31/worst-inflation-in-a-generation-dominated-household-budgets-in-2023
Record-breaking doctors' strike piles pressure on England's health service: Junior doctors in England started a six-day walkout over pay on Wednesday (3 January) ...
euractiv.com/section/health-consumers/news/record-breaking-doctors-strike-piles-pressure-on-englands-health-service/
The Rishi Price Index: The Readout With Lizzy Burden: Talk about inflation. Rishi Sunak spent this morning’s Cabinet meeting marking his own homework and working ...
bloomberg.com/news/newsletters/2023-12-19/the-rishi-price-index-the-readout-with-lizzy-burden
Bank of England faces growing calls to drop language on hikes: LONDON: The Bank of England (BoE) is being urged to end its bias toward further interest-rate ...
thestar.com.my/business/business-news/2024/01/22/bank-of-england-faces-growing-calls-to-drop-language-on-hikes
UK economy left on ‘knife edge’ as rate hike torrent takes its toll: Britain has finally seen inflation beat a retreat and may narrowly miss a recession ...
news.stv.tv/scotland/uk-economy-left-on-knife-edge-as-rate-hike-torrent-takes-its-toll
UK economy shrinks in third quarter as recession fears mount: Downward revision to gross domestic product by ONS highlights struggle to shake off low-growth ...
ft.com/content/b39fc9be-2464-41e8-a0db-a7b1929ee62e
Paid articlePaidQuick Glance: UK Economy Contracts, Recession Risk Rises
- The United Kingdom's GDP contracted more than anticipated in the third quarter of 2023, increasing the risk of a recession, according to official data.
- Revised figures from the Office for National Statistics (ONS) indicate a 0.1% decline in Gross Domestic Product (GDP) from the initial estimate of zero growth.
- The economy also showed no growth during the second quarter of the year, contrasting with previous estimates of 0.2% growth, painting a bleak picture for the economy.
- A decline in GDP between October and December raises the prospect of an economic recession, defined as two consecutive quarters of negative growth.
Nawaz says his ouster triggered inflation: HAFIZABAD: Pakistan Muslim League Nawaz supremo Nawaz Sharif pledged on Thursday to empower Pakistan and make it ...
thenews.com.pk/print/1149274-nawaz-says-his-ouster-triggered-inflation
Cabinet minister hails 'better times' ahead for Britain next year after inflation falls to 3.9%
standard.co.uk/news/politics/inflation-falls-election-bank-interest-rates-mortgages-b1128148.html
Britain's economy shrank in October, official data showed, raising the risk of a recession and testing the Bank of England's resolve to stick to its tough ... Show more
reuters.com: 401: 657a82e99ff8e
reuters.com/world/uk/uk-economy-shrinks-by-03-october-ons-2023-12-13/
Reducing net migration has superseded the other four of the Prime Minister’s five key pledges
cityam.com/reducing-net-migration-has-superseded-four-of-the-prime-ministers-key-pledges/
2% Is The Magic Number: The Readout With Helen Chandler-Wilde: Hi, it’s Helen Chandler-Wilde, a UK reporter in London. Hope you enjoy today’s Readout.
bloomberg.com/news/newsletters/2024-01-16/2-is-the-magic-number-the-readout-with-helen-chandler-wilde
Stock Market Today: Dow, S&P Live Updates for January 12: Equities were mixed as traders assessed deflationary readings from China, which came after solid US ...
bloomberg.com/news/articles/2024-01-11/stock-market-today-dow-s-p-live-updates
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Pledge tracker: Rishi Sunak misses key targets: Article updated December 2023 After the tumultuous first few months of his premiership ...
newstatesman.com/spotlight/economic-growth/cost-of-living-crisis/2023/12/rishi-sunak-pledge-tracker-missed-targets
Scottish Budget: What it means for you as tax changes and a council tax freeze announced
itv.com/news/border/2023-12-19/tax-changes-and-a-council-tax-freeze-key-takeaways-from-the-scottish-budget
UK Watchdog Casts Doubt on Sunak Claim He’s on Track to Cut Debt: The UK’s budget watchdog cast doubt over Prime Minister Rishi Sunak’s claim that he is on track ...
bloomberg.com/news/articles/2023-11-28/uk-watchdog-casts-doubt-on-sunak-claim-he-s-on-track-to-cut-debt
James Dyson accuses Rishi Sunak of not ‘going for growth’ as UK at risk of recession
independent.co.uk/news/uk/politics/rishi-sunak-jeremy-hunt-growth-economy-james-dyson-b2468731.html
Rishi Sunak tells BBC to make cuts as he hints at smaller licence free increase: This week ministers will announce the level of the television licence fee for ...
inews.co.uk/news/politics/rishi-sunak-tells-bbc-make-cuts-hints-smaller-licence-free-increase-2789598
Interest rates: Bank of England holds rate at 15-year-high as economy stutters: The Bank of England has held interest rates at 5.25 per cent for the third ...
independent.co.uk/news/uk/home-news/interest-rates-bank-of-england-latest-decision-b2463560.html
Quick Glance: Interest Rate Decision: Bank of England Maintains 5.25% Rates
- Bank holds rates at 5.25% and indicates no imminent cuts
- Bank of England Governor, Andrew Bailey, states it's 'too soon' to consider rate cuts
- A third of the Bank of England’s rate panel still favors a hike, with warnings of rates needing to stay at current levels for 'an extended period' and potentially rise again if 'persistent' inflationary pressure exists
- Pound rose in value after the decision to maintain rates was announced
UK economy shrinks before election year: The downbeat news delivers a blow to Conservative Prime Minister Rishi Sunak, who trails opposition Labour leader Keir ...
newvision.co.ug/articledetails/NV_177475
UK grocery inflation slows again -Kantar: British grocery inflation slowed again in November, while the rise in the cost of a traditional Christmas dinner is ...
reuters.com/world/uk/uk-grocery-inflation-slows-again-kantar-2023-12-05/
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