The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.3% in the January to March period – unchanged from the previously estimated figure, but marginally higher than the first estimate of 0.2%.
Analysts had expected GDP to remain unchanged in the first quarter but many economists believe that economic growth will [...]
The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%.
Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy.
The figures were due to be released last month but [...]
The National Institute of Economic and Social Research (NIESR) is forecasting that the UK economy expanded by 0.7% in the three months to the end of June.
Official figures for the period will be released later this month but the think tank believes most of the growth occurred over April and May.
Growth is expected to fall [...]
The Treasury has today announced Martin Weale will join the Bank of England’s Monetary Policy Committee (MPC).
Mr Weale will assume his position in time for next month’s rate-setting meeting and replaces Kate Barker after her term ended on 31 May.
Consequently, the Bank’s June meeting only comprised eight members but it will resume to the traditional [...]
Influential think tank, the National Institute of Economic and Social Research (NIESR), believes taxes will increase sharply in the next ten years, in order to cut the UK’s budget deficit.
According to a report by the Institute, taxes would have to rise by the equivalent of 6p on the basic income tax rate to bring the [...]
Influential think tank, the National Institute of Economic and Social Research (NIESR), said the UK economy avoided a double-dip recession in the first quarter of 2010 and is expected to see growth of 0.4%.
However, official figures for quarter one GDP will not be published until April 23 but it appears many are optimistic for growth [...]