LONDON (Reuters) - Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her ...

The UK’s economy is officially in a recession. Despite Rishi Sunak’s promise to grow the economy in 2023, GDP fell by 0.3% in the three months to December. Coming on the back of a 0.1% drop in 2023’s ...

Downgrades to productivity means the economy is set to grow at an annual rate of 1.5% on average over the next five years.

Four years after the UK exited the European Union and three years after leaving its formal structures (single market and customs union), the British economy is becoming a bit more European. While the ...

(Bloomberg) — The UK economy may have shrunk in the fourth quarter, putting Britain back on the brink of recession and piling more pressure on Chancellor of the Exchequer Rachel Reeves and her promise ...

The UK economy is officially out of recession after it grew by 0.6 per cent in the first three months of the year, according to the Office for National Statistics. It rebounded with ...

Finance minister Rachel Reeves has vowed for the past year to speed up Britain's economy but growth has slowed recently on worries about more tax increases in her budget on Wednesday.

The UK economy shrank even faster than previously thought in October, as Britain’s manufacturing and construction sectors were hit by worse-than-expected slumps. Economists said it would be premature ...

LONDON (AP) — The British economy fell into recession at the end of 2023 for the first time since the onset of the coronavirus pandemic, as output shrank more than anticipated in the final three ...

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year’s expected election for Prime Minister Rishi Sunak who has promised to boost growth. Gross ...

The UK could be heading for a ‘technical recession’ despite seeing the economy grow 0.3% in November, experts have warned. Official figures showed Black Friday sales bolstered retailers alongside a ...