UK Economy
The latest news, updates and opinions on UK Economy from the expert team here at MoneyWeek
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FCA tells banks to speed up savings rate increases
Record profits and low savings rates spurred the FCA to meet with some of the UK’s top banks.
By Tom Higgins Published
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UK launches universal basic income trial
A trial of universal basic income will give a lucky few £1,600 every month. But how will the trial work?
By Simon Wilson Published
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UK inflation remains at 8.7% ‒ what it means for your money
Inflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
By John Fitzsimons Published
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The cost of petrol in the UK compared with the rest of the world
News The price of petrol in the UK went through the roof last year, but has since settled. We look at how UK petrol price compares with the rest of the world.
By Tom Higgins Published
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What makes up the price of a litre of petrol?
Briefings The cost of filling the average car with fuel is falling. Here’s what makes up the price of a litre of petrol.
By Rupert Hargreaves Last updated
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ONS: UK economy shrank 0.3% in March
News The latest data from the ONS showed falling car and retail sales combined with industrial action caused GDP to contract in March. However, the economy expanded by 0.1% in the first quarter overall.
By Nicole García Mérida Published
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Bank of England hikes base rate to 4.5%
News The Bank of England has hiked rates again as it continues its battle with inflation.
By Nicole García Mérida Published
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What is a recession and how will it affect you?
Analysis The UK is no longer expected to enter a recession this year. But could rising savings rates indicate the economy is not in the clear?
By Rupert Hargreaves Last updated
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It’s been 16 years, but the UK economy finally has a chance
Opinion The UK economy has been dealing with one crisis after another since 2007. Policymakers now have a chance to fix some of the underlying problems holding back growth.
By Rupert Hargreaves Published