UK recession: Jeremy Hunt insists Tory party must stick to our guns' over economy
Jeremy Hunt insists prioritizing tackling inflation is the right thing to do after the UK slid into a recession.
Hunt believes that sticking to their plan will result in a relief for families with mortgages as interest rates may start to fall by early summer. [ more ]
ONS to release GDP figures amid fears UK may have entered recession latest
The UK is likely to have entered a recession at the end of 2023, with a contraction in GDP for the second consecutive quarter.
The economy was weak throughout the year, with estimates suggesting no growth between April and June and contraction between July and September. [ more ]
Britain's economy grows by more than expected in hope to avoid recession
UK economy grew by 0.3% in November, beating expectations and boosting hopes of avoiding a recession.
Services sector was the biggest contributor to economic growth in November, rising by 0.4%.
Chancellor of the Exchequer Jeremy Hunt sees slower growth ahead but believes tax cuts will put the UK in a strong position for future growth. [ more ]
AI Pin usability nightmare, humanizing crypto, presenting work with confidence
The term 'Enshittification' has evolved as consumers' relationships with online platforms have become more strained.
Economic factors have affected the purchasing power of consumers, with inflation rates fluctuating and the fear of a recession impacting prices. [ more ]
The Federal Reserve's decision to cut interest rates could aid President Biden's re-election prospects.
Rate cuts could improve housing affordability and drive down mortgage rates, potentially enticing home buyers and increasing the supply of available homes. [ more ]