News

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves
In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’ ...
UK economy shrinks by the most since 2023 as US tariffs hit
Britain's economy slowed sharply in April, reflecting shockwaves from U.S. President Donald Trump's announcement of ...
Service side of economy shrinks for first time in almost a year — another trade war casualty
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing ...
European stocks decline amid negative tariff sentiment; UK economy shrinks more than expected
Futures data from IG suggests London's FTSE will open 33 points lower at 8,838, Germany's DAX down 189 points at 23,783, ...
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3 per cent in April in another blow to Rachel Reeves, figures from the Office for National ...
Rachel Reeves refuses to rule out Autumn Budget tax rises as economy shrinks 0.3% in April
The UK economy shrank by 0.3% in April, figures revealed on Thursday, in a blow to Chancellor Rachel Reeves as her Spending ...
UK’s economy shrinks more than expected, Trump’s trade war hits it hard
National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since ...