The coronavirus pandemic is on course to cause the deepest recession in the UK since the financial crisis of 2008, according to the Centre for Economics and Business Research.
The chancellor’s aim of raising the UK’s economic growth to 2.75% per year is “unlikely” in the current climate, according to Britain’s oldest economic think-tank.
Scotland’s economy outstripped that of the rest of the UK by growing 0.5% in the second quarter of 2018, buoyed by output from the retail and wholesale sectors, according to the latest statistics.
The OECD has slightly revised up its growth forecast for the UK in 2016 despite what it said was the “extremely high” uncertainty of the impact of the vote to leave the European Union.
The National Institute of Economic and Social Research has estimated that gross domestic product in the UK increased by 0.4% between February and April.
The UK economy will not grow as strongly as previously forecast in 2015 following the lower-than-expected expansion in the first three months of the year, the National Institute of Economic and...
The UK economy slowed in the three months to March this year, according to preliminary growth estimates released nine days before the general election.
