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UK Economy Shrinks Amid Rising Costs and Uncertainty > UK GDP fell 0.1% in October 2024, disappointing forecasts > Rising costs, tax hikes, and consumer caution strain economic growth Read more: https://bit.ly/3ZBBida #internationalfinance #ukeconomy #gdpdecline #economicgrowth #risingcosts #businessimpact #consumerconfidence #labourgovernment #financialnews

The UK’s GDP is projected to grow from 0.6% to 0.9% in 2024. But Dana Bodnar, Economist at Atradius, believes the country won’t feel these effects until 2025: “The UK GDP will continue to lag its potential due to structural limitations such as low investments, poor productivity and trade barriers created by Brexit,” says Bodnar. Meanwhile, the UK’s new Prime Minister, Sir Keir Starmer, has now inherited these challenges. Against this complex economic backdrop, creating a more seamless trade relationship with Europe is likely to become a higher priority for the new administration. Learn more: https://brnw.ch/21wLPkb

With the latest GDP growth figures showing only a 0.1% increase, the UK is grappling with a tough economic reality. Rachel Reeves’ concerns highlight the urgency for targeted reforms to boost the economy and regain ground among G7 peers. The impact of Brexit looms large, as reflected in these numbers, making it clear that businesses and policymakers alike need to adapt. This moment calls for thoughtful strategies to secure the UK’s economic future—finding ways to remain competitive in an increasingly challenging global landscape. #UKEconomy #GDPGrowth #Brexit #EconomicReform #GlobalCompetitiveness #Policy

We are proud to announce our very own Helen Thomas, CEO of Blonde Money and former advisor to George Osborne, appeared on Sky News this morning to discuss October’s GDP figures, the first released since Labour came to power. The figures revealed GDP to be at 0.01%, essentially zero growth, continuing a period of economic stagnation. 👉This outcome raises questions about Labour’s pledge to make the UK the fastest-growing economy or whether this is just rearview mirror from the previous government. She highlighted key challenges facing the UK economy, including the lingering effects of post-COVID borrowing and inflation shocks from the Ukraine war. Helen also touched on the potential consequences of new tariffs announced by Donald Trump and what they could mean for the UK’s economic recovery. (55 minutes in if anyone would like to watch!) https://lnkd.in/e9MKeRbq #UKGDP #EconomicGrowth #Inflation #SkyNews #TrumpTariffs #UKPolitics

UK GDP grows faster than expected at 0.7% in first quarter of 2024. Lindsay James. The UK economy has made a rebound following two consecutive quarters of negative growth, beating expectations. Check out Sorin-Andrei Dojan's latest article👇 https://incm.pub/3zuSN5k #investing #assetmanagement #wealthmanagement #finance

🌍| 10yr UK gilt yields have surged in the last few days, partially due to slower than expected growth in the UK economy. Higher US yields and funding pressures from the BoE continue too. What will Chancellor Reeves and the BoE do in response to declining market confidence? More at: https://lnkd.in/dAeKQC2K

Fathom “finds some evidence that governments with large majorities, which is what election polls suggest, deliver stronger growth. That was the case after the 1997 Labour landslide, when, admittedly in a friendlier global environment, the UK economy averaged 3.1% growth for ten years. Fathom does not see the UK getting to that level, but in one scenario it has growth topping 2.5 per cent by the second half of 2026.” The Times #UKeconomy #FathomMacro #UKgrowth https://lnkd.in/e8gaVyjg 

Yesterday's UK GDP figures showed that UK economic growth flatlined in July for the second consecutive month, falling below expectations that it would grow by 0.2%. https://lnkd.in/gkdZAWT8 Morningstar European Strategist, Michael Field, CFA, told Investment Week, "Year-over-year GDP rose by 1.2%, roughly in line with the level of growth economists are expecting for the full year 2024. This is certainly an improvement from the technical recession we hit in 2023, but weak enough to persuade the Bank of England that further rate cuts are warranted." #economicgrowth #GDP #interestrates

The UK economy just about returned to growth in November after two months of contraction, the latest official figures show. Gross domestic product (GDP), the standard measure of an economy's value and everything it produces, grew by 0.1% compared to the previous month, according to data from the Office for National Statistics. It was expected to grow by 0.2%. #news #taxnews #HMRC #financemanager #businesssupport #finance #decisionmaking