Gross Domestic Product (GDP) is a key economic indicator that measures the total monetary value of all goods and services produced within a country’s borders over a specific period, typically a quarter or a year. Every government in every country wants to drive growth in GDP, as it generates greater revenue for public spending without …
Research from the British Retail Consortium (BRC) has revealed that shop prices in August were down 0.3% from a year ago, the lowest rate since October 2021. However the drop in prices was driven by non-food goods, such as clothing and furniture, which many retailers have discounted due to the miserable summer weather and continued …
As the inflation crisis in the UK has deepened, the Bank of England has been forced to act decisively by hiking interest rates. In December 2021, interest rates stood at 0.1 per cent, but they’ve since been raised five times and now stand at 1.25 per cent. So the question on everyone’s lips right now …
According to a recent report in City AM, there were 1.8m job vacancies advertised in the UK in the week to May 1st, up roughly 15% on the same period a month earlier. The report stated that recruiters were ‘in overdrive’ as they struggled to fill the vacancies, with Neil Carberry, Chief Executive of the …
This month’s 54 per cent rise in the energy price cap has put the cost of living firmly at the top of the news and the political agenda. Following the increase, a household using a typical amount of gas and electricity can expect to pay nearly £2,000 a year for their energy, and this could …
In the middle of March, Russia was due to make an interest payment of $117m (£89m) on two bonds denominated in dollars. There was some dispute over the payment: Russia said it had made the payment, the investors holding the bonds said they hadn’t received the money. The papers generally reported that if Russia didn’t …
As the UK economy has gradually recovered from the effects of the pandemic there has been the usual mixture of good and bad news. The glass could be half full, with the UK growing at the fastest rate of G20 countries, or half-empty, with worker shortages threatening to derail the recovery, both being headlines within …
When Joe Biden was inaugurated as President back in January there was much talk of his proposed stimulus package for the US economy. The figure generally talked about was $1.9tn (£1.36tn), an eye-watering sum of money. To give you a comparison, the National Audit Office in the UK is currently saying that the Government has …
Is the glass half full or half empty? It’s one of the oldest questions (and clichés) there is. But right now you could be forgiven for thinking that as far as the UK economy goes the glass is not just half full, it’s completely full. The last few weeks have brought us a steady stream …
Government borrowing is at its highest level since the Second World War. According to the Office for National Statistics it reached £303.1bn in the year to March – nearly £250bn higher than in the previous year. Borrowing in March was £28bn – the latest month to set an unwelcome record. Borrowing in the year to …
