HOPES that interest rates will soon start falling were dashed yesterday after an unexpectedly big increase in wages stoked inflation fears. Official jobs figures showed that wages rose by 5.2 per cent in the three months to October. 3 After the surge in wage growth, traders have now put a… Wage surge dashes hopes for … Read more
Britain on ‘recession watch’ after economy shrinks for second month in a row, experts warn …C0NTINUE READING HERE>>> BRITAIN is on “recession watch” after the faltering economy shrank for the second month in a row, experts say. Output contracted by 0.1 per cent in the four weeks before October’s Budget. 1 Experts say that the … Read more
Reeves admits latest GDP figures are ‘disappointing’ as UK economy shrinks AGAIN – even before Budget tax raid …C0NTINUE READING HERE>>> RACHEL Reeves admitted she was “disappointed” today after the economy shrank for the second consecutive month. Britain’s GDP fell by 0.1 per cent in October, following an identical slump in September. The Chancellor insisted … Read more
Gloomy pre-Budget warnings led to stalled growth in Labour’s first three months in power, figures show …C0NTINUE READING HERE >>> GLOOMY pre-Budget warnings led to stalled growth in Labour’s first three months in power, figures show. The economy grew just 0.1 per cent between July and September amid low business confidence. 2 Chancellor Rachel Reeves … Read more
UK economy grows as GDP rises 0.1% – what it means for your money …C0NTINUE READING HERE >>> THE UK economy has grown again with the latest data showing GDP rose in the third quarter. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 01% between July and September. 1 The latest … Read more