Economics
‘Unnerving:’ Economic growth slows as cost-of-living crisis continues to bite
"This an unnerving result for those expecting more consistent recovery in the sector but with the slowest growth in new orders this year, pipelines of work are beginning to look emptier and threaten to affect production in the months ahead.”
Cost of living crisis: Inflation rises faster than expected
The figure had been expected to hit 6.7 per cent in the 12 months to March, but it actually rose to 7 per cent.
Economists voice surprise at lack of support for poorest families from Sunak
“It is an odd choice to have offered basically next to nothing to low-income households in this spring statement," one said.
Russian goods flooded UK at unprecedented rates in month before war
ONS figures also show that exports to the EU decreased by £2.5 billion, a 8.7 per cent drop.
Russia will soon default on its debt, credit ratings agency warns
It means the country's sovereign debt is now considered to be below investment grade, or in "junk" territory.
Post-Brexit immigration system ‘will do little to change UK economic trajectory’
“Ultimately, a migration strategy is not a substitute for an economic strategy."
UK economy: 2022 will start ‘on a weakened footing’ and ‘underwhelming performance for year’
To the dismay of households and businesses, energy tariffs spiked while steep hikes in the cost of oil also saw fuel prices shoot up.
Freeports of ‘no economic benefit’ – Treasury watchdog concludes
The chancellor’s flagship policy will "alter the location rather than the volume of economic activity", the Office for Budget Responsibility concludes.
‘Great’ trade deal with New Zealand will add no value to UK’s GDP
The total value for businesses from the agreement would be “less than half the cost of Boris Johnson’s new yacht”, Emily Thornberry claimed.