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The Latest Breaking News from Recession

OPINION - Just a light recession – Bank of England boss is bullish on economic recovery

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

Evening Standard

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

The Guardian - UK

UK economy bounces back with 'signs of upturn' after 'very weak' recession, says Bank of England chief

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

Evening Standard

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Germany in recession as per Bundesbank forecast

The Bundesbank suggests that Germany may be entering a recession, signaling potential economic challenges ahead.

Top News

Bank of England ‘risks worsening UK recession if no interest rate cuts soon’

Former chief economist Andy Haldane says keeping rates high could ‘crush the economy’

The Guardian - UK

EU opens formal investigation into TikTok; Bank of England ‘could worsen recession’ without interest rate cuts soon – as it happened

The European Union to investigate if TikTok breached online content rules aimed at protecting children, as Andy Haldane urges central bank to consider interest-rate cuts

The Guardian - UK

To revive Britain from recession the next government must get growth right

Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis

The Guardian - UK

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The first step to our economic liberation is to tear up these crippling fiscal rules

How are we to get out of this recession if not through investment, investment, investment?

The Guardian - UK

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

International Business Times

London fashion week celebrates its 40th birthday – but will recession cramp its style?

The city is set to be packed with celebrities this weekend as catwalks and the Baftas collide in the capital

The Guardian - UK

UK Retail Sales Surge, Indicating Rapid Economic Recovery

UK shoppers increase spending, signaling potential end to recession. Retail sales rose by 5.4% in June, exceeding expectations. Reopening of stores and eas...

Top News

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

That comes after an extremely disappointing December in which sales fell by 3.2%.

Evening Standard

Asian Markets Rally After Wall Street Highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

International Business Times

Polls close in Wellingborough and Kingswood byelections

Conservatives expected to lose two seats on day UK economy was announced to be in recession

The Guardian - UK

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The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

Evening Standard

OPINION - The UK economy is in recession (and becoming a bit more European)

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.

Evening Standard

Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

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Evening Standard

The UK is in recession, but the Government continues to stifle London's growth

City Comment: It’s inexplicable that the Government has persisted as long as it has with an anti-growth measure that it knows harms its GDP motor

The Guardian - UK

‘Rishi’s recession’: Reeves seizes her moment to take the economic high ground

Shadow chancellor’s No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say

International Business Times

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

Top News

Japan's Economy Slips Into Recession Amid Consumer Spending Decline

Discover the concerning state of Japan's economy as it enters a recession, experiencing two consecutive quarters of contraction. Higher prices and reduced ...

Top News

UK Officially in Recession as GDP Drops in Fourth Quarter

Learn about the UK's official recession as government data reveals a 0.3% GDP drop in Q4. Brexit, pandemic, and energy crisis contribute to the economic ch...

The Guardian - UK

Labour accuses Hunt of being ‘out of touch’, with voting under way in Kingswood and Wellingborough byelections – as it happened

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

International Business Times

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

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