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.
Category : Search result: economic decline
Lake Tahoe's Riva Grill Closes Amid Tourism Crisis
The iconic Riva Grill on Lake Tahoe's shoreline has been forced to shut down permanently, falling victim to California's worsening tourism decline and economic pressures.
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.
Reeves shatters Treasury fiscal rules in economic reset
Labour's first female Chancellor announces dramatic overhaul of Treasury spending rules, prioritising economic growth over rigid fiscal constraints in major policy shift.
Britain's alarming slide back to the 1970s crisis era
As Britain faces economic turmoil, political instability and social decay, veteran commentator John Macleod delivers a stark warning about our nation's alarming slide back towards the crisis-ridden 1970s.
Tory Economic Credibility in Tatters: Badenoch Cartoon
Ella Baron's biting political cartoon captures the crumbling economic credibility of the Conservative Party as Business Secretary Kemi Badenoch faces mounting criticism over fiscal policy failures.
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.
Argentina's Economic Crisis Deepens Under Milei
President Javier Milei confronts escalating economic turmoil as inflation soars and social unrest grows, testing his controversial austerity measures in Argentina.
Ex-RBS Chair to Lead Scotland's Economic Advisory Council
Sir Douglas Alexander returns to economic leadership role, appointed to chair Scotland's new Council of Economic Advisors in strategic move to bolster nation's financial future.
Charity to close nearly 50 shops across UK
The British Heart Foundation reveals devastating plans to shut down dozens of charity shops across the UK, blaming economic pressures and declining donations for the unprecedented closures.
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.
UK Economy Shows Zero Growth in April as Sectors Struggle
Britain's economic growth ground to a halt in April with zero growth, raising concerns ahead of the upcoming budget announcement as construction and manufacturing sectors struggle.
UK Economy Stagnates as Construction Output Plummets
Britain's economic recovery hits a wall as construction output plummets 1.9% in April, wiping out service sector gains and raising Budget concerns for the Chancellor.
UK Economy Grows 0.4% in Q2 - Strongest Since 2021
Britain's economy delivered a powerful performance in Q2 2024, with GDP growing by 0.4% - the strongest quarterly expansion since late 2021. Services and production sectors lead the charge as the UK economy gains momentum.
Reeves urges Labour MPs: Focus on growth mission
New Chancellor Rachel Reeves delivers powerful message to Labour MPs, demanding immediate focus on economic growth and fiscal discipline in government's first days.
Reeves Unveils Labour's Economic Revolution
Shadow Chancellor Rachel Reeves delivers landmark speech outlining Labour's radical economic overhaul, from housebuilding boom to planning system shake-up and North Sea oil confrontation.
Britain to be worst G7 economy in 2025, OECD warns
A damning OECD forecast predicts Britain will be the weakest economy among G7 nations next year, with growth projections slashed amid persistent inflation and political stagnation.
Global Economy Shows Surprising Resilience to Trump Tariffs
The OECD's latest economic outlook reveals a world economy weathering Trump's aggressive tariff strategy better than forecasted, with global growth holding steady at 3.1% despite trade tensions.
Labour's Economic Challenge: Legacy Grim, But Hope Needed
The new Labour government inherits a dire economic legacy, but voters demand solutions, not excuses. Analysis of the fiscal challenges and the urgent need for a hopeful, forward-looking strategy.
Labour's wellbeing economic framework fails to deliver
The UK government's flagship wellbeing framework, designed to shift economic focus beyond GDP, has struggled with implementation and impact despite its ambitious goals, according to experts.
Haldane: Economic failure fuels far-right extremism
Former Bank of England chief economist warns that without inclusive growth policies, economic discontent could fuel far-right extremism in Britain's political landscape.
Bank CEO Warns of Appalachian Economic Disaster
Huntington Bancshares CEO Brad Smith sounds the alarm on the economic crisis unfolding in Appalachia, calling for urgent investment and national attention to reverse the region's decline.
UK Economy Stagnates: Reeves Faces Budget Crisis
Chancellor Rachel Reeves confronts a major economic challenge as latest ONS figures show zero GDP growth in three months to August, putting Labour's ambitious investment plans at risk ahead of crucial Autumn Budget.
Shrinking States: The Positive Future with Fewer People
Forget the doomsday scenarios. New research reveals a future with fewer people offers a surprising opportunity for greater equality, a healthier planet, and a higher quality of life for all. Discover the positive revolution in global demographics.
UK Population Decline: The Coming Demographic Crisis
Exclusive investigation into the UK's looming population collapse. Discover why birth rates are plummeting, the economic timebomb this creates, and what policymakers aren't telling you about our demographic future.
Argentina's Milei Faces Ultimate Election Test Over Radical Reforms
President Javier Milei's controversial austerity programme and radical economic reforms face a decisive verdict as Argentina heads to the polls. This analysis examines the high-stakes battle shaping the nation's future.
Half of US States on Brink of Recession, Analysis Reveals
A startling new economic analysis from Bloomberg Economics indicates that nearly half of all US states are either already in recession or teetering on the edge, signalling potential national economic turmoil ahead.
Australian Household Spending Surge Defies Economic Gloom
New data reveals Australian households are spending more than expected, providing a crucial boost to the nation's economy and helping to counter weak growth in other sectors.
Rachel Reeves' make-or-break moment on UK economy
Exclusive analysis reveals the immense pressure on Chancellor Rachel Reeves as she faces a critical turning point. With economic stagnation and public patience wearing thin, her upcoming fiscal statement could define this government's legacy. Will she sei
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