Economy

The UK construction sector saw a slight uptick in activity in September, but it remains firmly in contractionary territory.

The UK economy may be on a more precarious footing than previously understood after a major revision to official data cast doubt on the scale of household savings. Analysts are now warning that hopes for a consumer-spending boom, fuelled by a "massive wodge of cash" saved during the pandemic, are li

The UK economy grew by 0.3% in the second quarter of the year, a slowdown from the 0.7% growth recorded in the first three months. The official figures, confirmed by the Office for National Statistics (ONS), come as firms reportedly front-loaded spending earlier in the year to pre-empt potentia

Scotland’s onshore GDP fell by 0.3% in July 2025, a reversal from the revised 0.7% growth seen in June, according to the latest figures from the Chief Statistician. Despite the monthly contraction, the broader picture shows growth of 0.5% for the three-month period ending in July when compared

According to RSM UK’s latest Economic Outlook for Q3 2025, the UK was the best performing G7 economy in the first half of 2025, despite low consumer confidence and stagnant business investment. However, growth looks more challenging moving forward, with inflation set to hit 4% and wage growth

The UK government is faced with a future of difficult tax choices, with an increased likelihood of tax rises to combat mounting public spending pressures and sluggish economic growth, according to KPMG.

UK government borrowing soared to £83.8 billion in the first five months of the fiscal year, the highest for this period in the last five years.

The UK government has announced £150 billion in new US investment in the UK, timed to coincide with President Donald Trump's state visit.

The Bank of England’s Monetary Policy Committee (MPC) has voted 7-2 to hold interest rates at 4%, citing persistent inflationary pressures. In a dual decision, the committee also announced it would slow the pace of its quantitative tightening (QT) programme in response to febrile market condit

The UK's inflation rate held steady at 3.8% in August, reinforcing expectations that the Bank of England will keep interest rates on hold this week. Figures from the Office for National Statistics (ONS) showed the consumer prices index remained at the same level as July, matching economists' forecas

The UK's GDP flatlined in July, recording zero economic growth. Data from the Office for National Statistics (ONS) confirmed the stagnation, a slowdown from the 0.4% expansion seen in June. The figures, which were in line with economists’ expectations, showed that a slump in manufacturing canc

Gold prices surged to a record high on Tuesday, breaching the £2,700 per ounce barrier for the first time as market anticipation of an interest rate cut from the US Federal Reserve fuelled a rally in the precious metal. The spot price for gold climbed over 1% to hit a peak of £2,709 duri

Gold prices surged to a new record high on Wednesday, buoyed by plans to launch a digital form of the metal and rising demand from investors seeking a safe haven from market turbulence.

Scotland’s onshore GDP grew by a robust 0.6% in June 2025, marking a significant rebound from a revised 0.1% growth in May. The latest figures from the Chief Statistician confirmed that the economy expanded by 0.2% over the second quarter of the year, from April to June. This follows grow

  UK inflation unexpectedly accelerated to an 18-month high of 3.8% in July, reducing the likelihood of further interest rate cuts from the Bank of England.