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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

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

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

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

Yesterday's 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/ePhxbUib 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

What a start to this sunny Friday! UK GDP figures published this morning read stronger than expected at 0.7%, marking faster than expected growth for the first quarter📈 Not too much volatility in the markets following these numbers, Cable pushed up 20 pips or so in early trading this morning, however with the election just 6 days away it’s likely the markets are hesitant until then. On top of that, the BoE is expecting a far more “modest” figure for Q2 as surveys suggest a slow down in services spending over the election period. Interested to hear you guys’ thoughts and opinions on this, and importantly, where we’re headed next?🤔 #UK #GDP #Growth #Markets #ESKRecruitment