CBI Warns UK Growth to Slow, Unemployment to Hit 2 Million
The CBI forecasts UK unemployment to rise to 5.5% (2 million) in 2026 amid Middle East conflict and energy costs, while GDP growth slows to 1.1%.
The CBI forecasts UK unemployment to rise to 5.5% (2 million) in 2026 amid Middle East conflict and energy costs, while GDP growth slows to 1.1%.
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Chancellor Rachel Reeves and Ed Miliband face criticism for adding billions to UK debt, with total debt set to reach £3 trillion. Critics warn of economic disaster.
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Sir Keir Starmer expresses deep concern over renewed Iran-Israel violence, which has caused oil prices to surge by 5%, impacting the UK economy.
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CBI warns 200,000 more Britons face job losses as unemployment forecast to rise to 5.5%, with GDP growth slashed due to Middle East conflict and energy costs.
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RecommendedBruno Fernandes set a Premier League record with 21 assists this season. Kobbie Mainoo's presence boosted his tally to 17 assists. Next season, with Mainoo starting, Fernandes could surpass even that mark.
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As discussions about Universal Basic Income gain traction in government circles, critics warn this socialist fantasy could lead to economic ruin by encouraging mass worklessness at staggering taxpayer expense.
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RecommendedThe UK services sector maintained steady growth in February with a PMI reading of 53.9, but businesses cut jobs for the 17th consecutive month. Experts warn escalating Middle East conflict could dampen sentiment and impact inflation in March.
UK services sector expansion weakened in November with PMI at 51.3. Business activity softened as consumer demand waned and price inflation dropped to its lowest since January 2021. Read the full analysis.
Exclusive investigation into the UK
The National Institute of Economic and Social Research warns that prolonged Middle East conflict could spike oil and gas prices, forcing the Bank of England to raise interest rates above 4% and complicating fiscal policy.
The UK economy grew by 0.2% in Q3 2025, ending a technical recession. A surge in data centre investment and a modest rise in household spending drove the recovery. Read the full analysis.
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RecommendedThe Resolution Foundation and Institute for Fiscal Studies warn of bleak economic growth and borrowing challenges, with GDP forecasts downgraded and defence spending pressures mounting.
The ongoing US military conflict with Iran is projected to cost the American economy between $50 billion and $210 billion, with a current estimate of $115 billion, disrupting global trade and energy markets.
A potential US-Israeli attack on Iran risks triggering stagflation, soaring energy costs, and stock market turmoil that would impact households worldwide, with political consequences for Trump
A Treasury minister confirms a leak inquiry is under way with the Chancellor
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RecommendedChancellor Rachel Reeves is cosseting City bankers, but research reveals the UK