Economic Growth

The BBC says key indicators for the economy are higher than before the financial crisis landed in 2007.

BCC: UK economy set to strengthen in 2014

The British Chambers of Commerce's quarterly survey suggests the UK’s economy is set to gather steam this year and could even strengthen in the short-term.

Retail sales fell in Feb, according to a new survey

Retail sales dip in February as consumers stung by inflation

The CBI's Distributive Trades Survey shows a slowdown in retail sales growth in the first two weeks of February, raising the prospect of a triple-dip recession.

The impact of the AAA ratings downgrade may impact the pound more than the wider economy

Osborne vows to stick with austerity despite AAA ratings cut

The loss of the UK's AAA rating from Moody's will add to pressure on sterling but economic impacts may be limited. However, the political pressure on the Chancellor will intensify.

John Cridland the director general of the CBI

CBI: UK will avoid triple-dip but needs Osborne to invest

The CBI says that the UK is "beginning to see the return of organic growth" that should help the economy to grow modestly in 2013 and by two per cent in 2014.

The Bank of England presents its Quarterly Inflation Report

Bank of England to raise inflation and cut growth forecasts

The Bank of England publishes its Quarterly Inflation Report tomorrow and it is likely to admit that inflation will rise in 2013 and stay above target for two years.

A new survey suggests business confidence is at its lowest since 1992

Triple-dip possible as business confidence falls to 21-year low

A new survey by accountants BDO says that business confidence is at the lowest it has been in the 21-year history of the survey and is in contrast to other economic data.

George Osborne has rejected the IMF's call for a change of tact

Osborne flies back from Davos into parliamentary bear pit

George Osborne has rejected calls from IMF Chief Economist Olivier Blanchard to change tack in the March budget and focus more on growth than austerity measures.

The World Bank predicts flat economic growth globally

World Bank warns global economy will be flat in 2013

The World Bank says that the global economy will grow by 2.4 per cent in 2013 but warns that weak performance in high income western countries is hampering the progress of emerging economies.

The IPPR warns that 2013 could be a "groundhog year" for the UK economy

IPPR: Economic uncertainty could make 2013 a "groundhog year"

The Institute for Public Policy Research has published a bleak prognosis for the UK economy in 2013 warning that it could be a "groundhog year" as the economy struggles.

A gloomy day for George Osborne

GDP growth in third quarter revised down to 0.9%, says ONS

There were two pieces of bad news on the economy for the government today as GDP growth in the third quarter was revised down and public sector borrowing was higher than predicted.

Osborne: Open to debate on monetary policy

Osborne wants Carney to lead debate on inflation target

George Osborne told a Commons Treasury Committee that he is open to a debate on the strategy the Bank of England should have on monetary policy in the future.

George Osborne unveils his Autumn Statement on Wednesday 5th December

The six issues that will define Osborne's Autumn Statement

George Osborne will announce his highly anticipated Autumn Statement tomorrow as he tries to find ways to boost the economy without adding to the government debt.

The ONS confirmed the UK economy grew by 1% in the 3rd quarter

GDP growth confirmed at 1% in third quarter second estimate

The Office for National Statistics confirmed that the UK economy grew at one per cent in the third quarter when it made its second estimate today.

Will GDP be revised downwards tomorrow?

GDP growth in 3rd QTR likely to be revised down to 0.9%

Analysts expect GDP to be revised down slightly in the second estimate due this morning which includes the expenditure side of the economy.

NIESR warns UK will be in a depression for another two years

Niesr warns UK will not see sustained recovery until 2015

The National Institute of Economic and Social Research (Niesr) has warned that the UK can not expect to see sustained economic recovery until at least 2015.

The UK services sector helped GDP grow by one per cent in Q3

GDP grows by one per cent in Q3 helped by services sector

The UK has emerged from recession after the economy grew by one per cent helped by one-off factors such as the Olympic ticket sales and a strong performance from the services sector.

The OBR has defended itself over its economic forecasting

OBR: "Difficult" to explain why economy has fared so badly

The Office for Budget Responsibility has admitted that it has found it difficult to explain why the UK economy has performed so badly in the last two years.

GDP should grow rather than contract in the third quarter

Purchasing managers surveys point to modest underlying growth

The manufacturing, construction and services sector showed a slight drop overall in activity in September but show signs of moderate underlying growth pointing to a rise in GDP.

The construction sector contracted in August

Construction sector contracts in August as new orders shrink

Activity in the construction sector shrank in August and new orders and confidence also dropped making it less likely that the UK economy grew in the third quarter.

David Cameron has promised to show fighting spirit to help rebuild the economy

Cameron to announce new policies to boost the economy

Both the Prime Minister, David Cameron and the Chancellor, George Osborne have vowed to "cut through the dither" and implement specific policies to boost the economy.

The BCC has cut its forecast for economic growth in 2012 and 2013

BCC says government must implement growth plan

The British Chamber of Commerce has followed the CBI in cutting its forecast for economic growth in 2012 and 2013 and calls for an urgent government investment programme.

John Cridland, Director-General of the CBI

CBI says UK economy will contract by 0.3% in 2012

The CBI has revised its growth forecast for the UK in 2012 and says the economy will contract by 0.3 per cent instead of growing by 0.6 per cent, but says growth will return in 2013.

GDP data reveals a fall in business investment

UK GDP contracts less but squeeze on finances worst since 1920's

The UK recession may not be as bad as first feared but a 3.2 per cent drop in business investment points to new pain to come.

Revision to construction figures may have helped GDP improve in the 2nd quarter of 2012

Revised GDP figures in line with city expectations

The Office for National Statistics has revised its estimate of GDP for the 2nd quarter to show that the contraction was just 0.5 per cent rather than 0.7 per cent.

Kate Barker believes proposed changes will give the Bank of England too much power

Kate Barker, ex MPC member, says more QE may be ineffective

A leading economist and former Bank of England rate-setter, Kate Barker, says the Bank should change its inflation forecast and that the government shift from its austerity focus.

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