Published 08/07/2024 10:04:00 a.m.

UK recovery ‘will accelerate and force Bank to keep interest rates higher for longer’

Summary

The UK’s economic recovery will accelerate over the next year, forcing the Bank of England to keep interest rates higher for longer, according to the National Institute of Economic and Social Research (Niesr).

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Reuters

UK should double public investment to boost growth, think tank says

Britain needs to spend an extra 50 billion pounds ($64 billion) a year on public investment to boost productivity and long-run growth, largely funded by public borrowing, the National Institute of Economic and Social Research said on Wednesday.

08/07/2024 10:04:00 a.m.·United Kingdom

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Bloomberg

UK Economists Say Reeves’s First Moves May Undercut Growth Plan

The UK’s new chancellor of the exchequer has made kick-starting her country’s anemic economy a defining mission. But her first actions in the job may put that goal further out of reach, according to two respected research groups.

08/06/2024 11:01:00 p.m.·United States

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