Category : Search result: economic collapse


UK Economy Stagnates with Zero Growth in April

Shock Office for National Statistics data reveals zero growth in April 2024, handing incoming Chancellor Rachel Reeves immediate economic challenge days before taking office.

Brits to be poorer than Turks and Latvians by 2040s

Groundbreaking economic research reveals Britain is on course to be outperformed by Turkey and Latvia within two decades, with the UK facing its worst relative decline in living standards since records began.

UK Economy Stagnates with Zero Growth in April

Britain's economy showed no growth in April 2024, with wet weather dampening retail sales and construction output. Get the full analysis of the UK's economic standstill.

Reeves gives OBR veto power over budgets

Shadow Chancellor pledges to give Office for Budget Responsibility unprecedented veto power over major tax and spending decisions, learning from Truss's disastrous mini-budget.

IMF Warning: Global Economy Faces Perfect Storm

IMF Managing Director Kristalina Georgieva warns of multiple economic dangers converging simultaneously, urging nations to prepare for turbulent times ahead as growth forecasts darken.

JPMorgan CEO Dimon Issues Recession Warning

JPMorgan Chase CEO Jamie Dimon sounds alarm on economic turbulence ahead, highlighting inflation pressures and geopolitical risks that could impact British businesses and households.

Scottish Business Confidence Hits Record Low

New survey reveals overwhelming pessimism among Scottish businesses as economic stagnation bites, with concerns mounting over rising costs and political uncertainty.

Indonesia School Collapse: Rescue Efforts Continue

Emergency crews work through the night searching for survivors after a devastating school collapse in Indonesia's West Java province leaves multiple children dead and many more trapped beneath rubble.

Government Shutdown Costs UK Economy Billions

Fresh economic analysis exposes how political gridlock and government shutdowns are draining billions from the UK economy, with businesses and taxpayers bearing the brunt of Westminster's paralysis.

Bronx Building Collapse: Rescue Operation Underway

A partial building collapse in New York's Bronx district has triggered a massive emergency response as rescue teams search for survivors amidst the rubble. Multiple injuries reported as residents describe chaos and devastation.

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