Economy, Interest Rates & Government Policy News

Brexit, Budget announcements, Bank of England rate decisions, GDP/growth, employment, wages and tax policy.

UK Economic Growth Slows as Services Slump

By Danny Lord | Published: 12.05.2016

Uncertainty surrounding the upcoming referendum on EU membership and poor performance in the services sector have caused economic growth in the UK to stagnate in the second quarter of 2016. The latest...

BoE: Brexit Could Cause ‘Technical Recession’

By Danny Lord | Published: 12.05.2016

The Bank of England have stepped up their warnings about the potential economic fallout that could follow a vote to leave the European Union, this time going so far as to warn of a recession. The...

OECD: Brexit Could Cost Households Month’s Income by 2020

By Danny Lord | Published: 27.04.2016

The Organisation for Economic Cooperation and Development has issued a damning assessment on the upcoming referendum on EU membership, suggesting that leaving the EU could lead to a tax-like cost to...

Osborne Warns Employers Against Cutting Perks To Pay For Living Wage

By Danny Lord | Published: 20.04.2016

Chancellor George Osborne has criticised firms that are cutting staff perks in order to pay for the increased minimum wage for over-25s for not acting within the ‘spirit of the law’. Speaking on ITV’s...

IMF Calls For Higher Spending to Encourage Growth

By George Gangar | Published: 19.04.2016

The steering committee of the International Monetary Fund has called on its member countries to adopt more “growth friendly” spending in order to boost the slowing global economy. Christine Lagarde,...

Bank of England Appoints Sam Woods as Deputy Governor

By George Gangar | Published: 12.04.2016

Sam Woods, one of the officials behind the bank ring-fencing rules, has been named as a new deputy governor of the Bank of England. Many see this appointment as a reward from George Osborne for the...

IMF Set to Cut Growth Predictions

By George Gangar | Published: 11.04.2016

The IMF will release its most recent growth forecasts for the global economy later this week. Many analysts are expecting the International Monetary Fund to lower its predictions for global economic...

Poll: BoE to Keep Interest at 0.5% Until 2017

By Danny Lord | Published: 08.04.2016

A poll of 50 economists conducted by Reuters has found that the Bank of England will most likely maintain the base rate at its now seven year low of 0.5% until early 2017. According to the poll, the...

Confidence in UK Economy Drops Sharply

By George Gangar | Published: 31.03.2016

It appears that uncertainty over the upcoming EU referendum, alongside the economic downturn in China, has led to a sharp fall in confidence among financial sector companies, a recent survey has...

1 in 3 Workers to Benefit from Minimum Wage Increase

By Danny Lord | Published: 30.03.2016

The Resolution Foundation, a think tank focusing on wages and living standards has published research showing how George Osborne’s introduction of the increased living wage will affect workers across...