Economic Growth
BCC: UK economy set to strengthen in 2014The British Chambers of Commerce's quarterly survey suggests the UK’s economy is set to gather steam this year and could even strengthen in the short-term. |
Retail sales dip in February as consumers stung by inflationThe CBI's Distributive Trades Survey shows a slowdown in retail sales growth in the first two weeks of February, raising the prospect of a triple-dip recession. |
Osborne vows to stick with austerity despite AAA ratings cutThe loss of the UK's AAA rating from Moody's will add to pressure on sterling but economic impacts may be limited. However, the political pressure on the Chancellor will intensify. |
CBI: UK will avoid triple-dip but needs Osborne to investThe CBI says that the UK is "beginning to see the return of organic growth" that should help the economy to grow modestly in 2013 and by two per cent in 2014. |
Bank of England to raise inflation and cut growth forecastsThe Bank of England publishes its Quarterly Inflation Report tomorrow and it is likely to admit that inflation will rise in 2013 and stay above target for two years. |
Triple-dip possible as business confidence falls to 21-year lowA new survey by accountants BDO says that business confidence is at the lowest it has been in the 21-year history of the survey and is in contrast to other economic data. |
Osborne flies back from Davos into parliamentary bear pitGeorge Osborne has rejected calls from IMF Chief Economist Olivier Blanchard to change tack in the March budget and focus more on growth than austerity measures. |
World Bank warns global economy will be flat in 2013The World Bank says that the global economy will grow by 2.4 per cent in 2013 but warns that weak performance in high income western countries is hampering the progress of emerging economies. |
IPPR: Economic uncertainty could make 2013 a "groundhog year"The Institute for Public Policy Research has published a bleak prognosis for the UK economy in 2013 warning that it could be a "groundhog year" as the economy struggles. |
GDP growth in third quarter revised down to 0.9%, says ONSThere were two pieces of bad news on the economy for the government today as GDP growth in the third quarter was revised down and public sector borrowing was higher than predicted. |
Osborne wants Carney to lead debate on inflation targetGeorge Osborne told a Commons Treasury Committee that he is open to a debate on the strategy the Bank of England should have on monetary policy in the future. |
The six issues that will define Osborne's Autumn StatementGeorge Osborne will announce his highly anticipated Autumn Statement tomorrow as he tries to find ways to boost the economy without adding to the government debt. |
GDP growth confirmed at 1% in third quarter second estimateThe Office for National Statistics confirmed that the UK economy grew at one per cent in the third quarter when it made its second estimate today. |
GDP growth in 3rd QTR likely to be revised down to 0.9%Analysts expect GDP to be revised down slightly in the second estimate due this morning which includes the expenditure side of the economy. |
Niesr warns UK will not see sustained recovery until 2015The National Institute of Economic and Social Research (Niesr) has warned that the UK can not expect to see sustained economic recovery until at least 2015. |
GDP grows by one per cent in Q3 helped by services sectorThe UK has emerged from recession after the economy grew by one per cent helped by one-off factors such as the Olympic ticket sales and a strong performance from the services sector. |
OBR: "Difficult" to explain why economy has fared so badlyThe Office for Budget Responsibility has admitted that it has found it difficult to explain why the UK economy has performed so badly in the last two years. |
Purchasing managers surveys point to modest underlying growthThe manufacturing, construction and services sector showed a slight drop overall in activity in September but show signs of moderate underlying growth pointing to a rise in GDP. |
Construction sector contracts in August as new orders shrinkActivity in the construction sector shrank in August and new orders and confidence also dropped making it less likely that the UK economy grew in the third quarter. |
Cameron to announce new policies to boost the economyBoth the Prime Minister, David Cameron and the Chancellor, George Osborne have vowed to "cut through the dither" and implement specific policies to boost the economy. |
BCC says government must implement growth planThe British Chamber of Commerce has followed the CBI in cutting its forecast for economic growth in 2012 and 2013 and calls for an urgent government investment programme. |
CBI says UK economy will contract by 0.3% in 2012The CBI has revised its growth forecast for the UK in 2012 and says the economy will contract by 0.3 per cent instead of growing by 0.6 per cent, but says growth will return in 2013. |
UK GDP contracts less but squeeze on finances worst since 1920'sThe UK recession may not be as bad as first feared but a 3.2 per cent drop in business investment points to new pain to come. |
Revised GDP figures in line with city expectationsThe Office for National Statistics has revised its estimate of GDP for the 2nd quarter to show that the contraction was just 0.5 per cent rather than 0.7 per cent. |
Kate Barker, ex MPC member, says more QE may be ineffectiveA leading economist and former Bank of England rate-setter, Kate Barker, says the Bank should change its inflation forecast and that the government shift from its austerity focus. |
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