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The economy

Recession could be ending

The UK economy may at last be emerging from the recession, a leading think tank has suggested.

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Business lending still in a trough

Lending to both large and small firms remains weak, the Bank of England has said.

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More and more firms are keeping wages on hold

One in three of the businesses included in a recent survey froze their wages in April.

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UK may be out of the depths of recession

The British economy may have seen the worst of the recession, according to a report from the Organisation for Economic Co-operation and Development (OECD).

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Fall in job vacancies beginning to slow

The rate of decline in the numbers of new job appointments and vacancies has slowed down, according to a new report.

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Large tax increases 'needed' to redress public finance deficit

Taxes may have to rise by significant amounts if the UK’s public finances are to return to balance in the timescale outlined by the Chancellor, a think tank has claimed.

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Wages decline at record rate

Average weekly earnings fell by 5.8 per cent in February, the Office for National Statistics (ONS) has reported.

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Wage cuts and freezes in the pipeline

Over half of employers are intending to freeze wages this year, and 12 per cent are planning to introduce wage cuts, according to a new survey.

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Years of 'austerity' for UK economy

It could take the length of “two parliaments of pain” before the economy recovers, a thin-tank has claimed.

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VAT cut has 'boosted' spending

Last December’s reduction in VAT from 17.5 per cent to 15 per cent has had a measurable effect on consumer spending, a think tank has claimed.

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