UK Economy

Article thumbnail: British Chancellor Jeremy Hunt arrives at a back entrance of Downing Street in London, Britain, December 19, 2023. REUTERS/Toby Melville

We are in recession - and the EU is our way out

It will be impossible to re-establish growth without tackling our post-Brexit woes 

Cut taxes and interest rates to avoid recession, senior Tories warn

Hunt warned not to pressure independent Bank of England over interest rates

Article thumbnail: (FILES) People queue to enter a job centre in east London on July 20, 2016. The UK unemployment rate jumped to a two-year high in the three months to the end of June, official data showed on August 15, 2023, as the country grapples with stubbornly-high inflation and a cost of living crisis. The unemployment rate increased to 4.2 percent compared to 4.0 percent in the three months to the end of May, the Office for National Statistics (ONS) said in a statement. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

Hunt confirms tax cuts next year if 'we are able'

Cost of living crisis to ease - but poorest will still struggle