economy, Budget
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RACHEL Reeves received a pre-Budget blow as the UK economy has slowed down. The Chancellor now facing huge pressure after growth was lower than what economists had forecast – and comes ahead
Britain's economy barely expanded in the third quarter, held back by September's cyber attack on Jaguar Land Rover, according to data on Thursday that underlined the backdrop of slow growth as finance minister Rachel Reeves readies her budget.
New research from University College London has revealed that wind generation reduced the UK's energy costs by £104bn (US$135bn) between 2010 and 2023
Despite the fact that ONS figures show London accounts for almost a quarter of the UK economy, the report shows the capital has been in a "stagnant" state since the 2008 financial crisis, and cites housing costs and availability as some of the key factors for its stuttering growth.
DUA Lipa helped music boost the UK economy to the tune of £8billion last year. The singer — whose hits include New Rules and Levitating — was one of the industry’s biggest money-makers as
Britain's music industry contributed £8 billion ($10.5 billion) to the UK economy in 2024, but the effects of Brexit and AI have clouded the sector's outlook, an industry report showed
British Prime Minister Keir Starmer is lobbying Poland to award a multi-billion-euro submarine purchase contract to Swedish defence group Saab that may include some deals with UK defence group Babcock ,
Separate data published by the ONS on Thursday showed output per hour worked, a measure of labour productivity, grew at an annual rate of 1.1 per cent in the three months to September. This marked a rebound from a 0.5 per cent contraction in the previous quarter.