UK economy takes major hit

UK economy takes major hit as growth forecast slashed after Trump’s trade war sparks global downturn
Britons have been warned of a ‘significant impact on living standards’ as Donald Trump’s escalating trade war puts the UK economy under pressure, driving up prices and threatening growth. Experts have slashed the UK’s economic forecast,
UK economic forecast slashed by OECD as global economy stutters amid Trump trade war fears
Britain's economic forecast has been cut, alongside downgrades for the global economy amid fears sparked by the trade war started by Donald Trump's tariffs.
OECD cuts U.S. and global economic growth outlooks as Trump's trade tariffs weigh
Both U.S. and global economic growth is set to be lower than previously projected, according to the latest estimates from the Organisation for Economic Co-operation and Development. "Annual GDP growth in the United States is projected to slow from its strong recent pace,
OECD cuts global growth prospects, citing geopolitical uncertainty
The OECD warned that higher trade barriers in several G20 economies could hit global growth and raise inflation.
OECD cuts global growth outlook in 2025 over Trump tariff policies
The Organization for Economic Cooperation and Development on Monday cut its global economic growth outlook for 2025 by 0.2 percentage point from its December projection to 3.1 percent amid heightening trade tensions triggered by U.
UK Axes Regulators, Targets Welfare in Economic Growth Drive
The UK government will abolish more business regulators and scale back welfare spending to drive stagnant economic growth.
OECD cuts UK growth forecasts as Rachel Reeves grapples with weak economy
Downgrade comes ahead of Spring Statement, when official forecasts are expected to show much weaker GDP outlook ...
Rachel Reeves’ 60 new changes to try and revive UK economy and cut red tape
Chancellor Rachel Reeves is set to unveil 60 new measures to boost economic growth. She will meet with regulators today ...
UK’s economy downgraded days before Spring Statement in huge blow for Rachel Reeves
RACHEL Reeves received a blow just days out from her Spring Statement after the UK economy was downgraded. Britain has been caught up in the tailwinds of a hit to global growth and rising ...
UK economy unexpectedly shrinks in January, in blow to Treasury chief ahead of key statement
The British economy unexpectedly shrank during January, piling pressure on Treasury chief Rachel Reeves before a key ...
UK economy sputters in January, underlining Reeves' growth challenge
Britain's economy unexpectedly contracted in January, extending a run of stop-start data that has dogged finance minister ...
UK economy shrank by 0.1% in January
The UK economy shrank by 0.1% in January, according to the latest official figures. A slowdown in manufacturing was one of ...
UK economy unexpectedly shrank by 0.1% in January in blow to Rachel Reeves
The slowdown in January piles further pressure on Rachel Reeves and Sir Keir Starmer ahead off this month’s spring statement ...
Another blow for Rachel Reeves as UK economy shrinks ahead of crunch Budget
GDP is estimated to have fallen 0.1% in January 2025, figures from the Office of National Statistics (ONS) show. The drop was ...
UK economy unexpectedly shrank by 0.1% in January
The U.K.'s economy unexpectedly shrank by 0.1% month-on-month in January, official figures showed on Friday. Britain's Office ...