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The Latest Breaking News from EY ITEM Club

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

Evening Standard

UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth

A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.

International Business Times UK

‘Good chance’ UK may have fallen into technical recession; S&P 500 hits fresh all-time high – as it happened

Rolling coverage of the latest economic and financial news, as US stocks hit record high in early trading

The Guardian - UK

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UK economic growth to rebound in late 2024, leading forecaster says

EY Item Club report hands PM new year boost with prediction that inflation drop will allow interest rates to fall to 4% by year end

The Guardian - UK

Sharon White stepping down from John Lewis; UK house prices fall at fastest rate since 2009 – as it happened

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

The Guardian - UK

Pound on worst run since March 2020 with UK economy ‘close to stalling’; some Gatwick strikes suspended – as it happened

UK private sector growth slowed to six-month low this month, while DHL workers have cancelled Gatwick strikes and other strikes are suspended

The Guardian - UK

House prices fall by 1.1% in first annual decline for years

Prices are now 3.7% lower than their August 2022 peak

Wales Online

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FTSE 100 Live: Recession warning, Balfour Beatty gets £1.2bn contract

The UK’s economic outlook is in focus today after EY Item Club warned the recession will be deeper than it thought three months ago.

Evening Standard

What is inflation and what is its current rate in the UK and Europe?

UK inflation hit a 41-year high in October as gas prices soar

The Independent UK

Mini-Budget U-turns mean interest rates may NOT rise as much as feared, say experts

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng, in an attempt to calm rattled markets

Daily Mirror

UK to enter recession until summer 2023, experts warn

High energy prices, surging inflation, rising interest rates and global economic weakness to blame

Wales Online

UK to be plunged into recession until summer 2023, economists warn

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

The Independent UK

UK economy to enter recession until summer 2023, financial experts warn

Britain’s economy is expected to shrink around 0.2% each quarter from October through to June next year.

The Independent UK

UK house prices fall back from record high as market enters ‘sustained period of slower growth’

House prices have been largely flat since June, Halifax said.

Evening Standard

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Evening Standard

Bank tipped for half-point rates rise despite small fall in inflation

MPC rate decision delayed until next Thursday following death of Queen

Evening Standard

Bounce in retail spending ‘is blip before the storm’

Sales volumes were up 0.3% in the month compared with City forecasts of a 0.2% dip

The Independent UK

Bank of England faces one of its toughest-ever interest rate decisions as UK heads towards recession

Rates expected to rise again, by 0.25% or 0.5%, increasing costs for millions of borrowers

The Guardian - UK

House prices in Great Britain hit record high but falls predicted this year

Rightmove expects cost of living crisis to have impact on market in second half of year

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news in one place.

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The Guardian - UK

Inflation pressures hit consumer confidence; Moscow stock market falls back – as it happened

Rolling coverage of the latest economic and financial news

People

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