Britain’s factories suffered an unexpected drop in output during February, marking the first fall for nearly a year and fuelling fears of a slowdown in the wider economy.
Household spending slowed to its lowest annual growth for six years in 2017 amid a squeeze from Brexit-fuelled inflation, with borrowing surging and family savings slumping to a record low.
Economists have dubbed the last 10 years a period of “unprecedented cuts” and the worst period of growth since the Second World War.
The Bank of England is expected to keep interest rates unchanged at 0.5% next week, but the meeting will be watched closely amid expectations over another hike in May.
Britain is set to miss out on buoyant global economic growth over the next two years, according to new forecasts by the Organisation for Economic Co-Operation and Development (OECD).
Philip Hammond is set to deliver a dose of economic cheer in next week’s Spring Statement thanks to sharply lower borrowing forecasts, but there will be no tax giveaways, experts say.
Extreme weather conditions are set to send a chill over Britain’s economy, with warnings of a significant impact to growth in 2018.
Britain’s manufacturing sector has continued to expand at a healthy pace, but new figures show weaker growth in order books in the latest sign that the boost from the weak pound is beginning to fade.
Bank of England boss Mark Carney has braced borrowers for further and faster interest rate hikes after stronger-than-expected growth in the economy.
Dundee headquartered legal firm Thorntons Law expects to build profitability in the coming years on the back of a series of bolt-on acquisitions.