News

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves
In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’ ...
Service side of economy shrinks for first time in almost a year — another trade war casualty
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing ...
U.K. Economy Shrinks on Tariff Hit
The U.K. contracted more than expected in April as the uncertainty created by Trump’s evolving trade policy brought a halt to ...
Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the ...
UK’s economy shrinks more than expected, Trump’s trade war hits it hard
National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since ...
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3% in April, according to the Office for National Statistics. At such a critical moment in US ...
European stocks decline amid negative tariff sentiment; UK economy shrinks more than expected
Futures data from IG suggests London's FTSE will open 33 points lower at 8,838, Germany's DAX down 189 points at 23,783, ...
Building4d
Construction output grows as wider economy shrinks, official figures say
Construction output grew by 0.9% in April bucking the trend of the wider economy which shrank during the month, according to ...
UK economy contracted by 0.3% in April
The UK economy contracted by 0.3 per cent in April, the steepest monthly drop since 2023, underscoring the challenge for ...