Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing of Easter, industry data showed on Thursday. The drop comes as European carmakers strive to cut costs amid stiff competition, U.S. tariffs on auto imports, and a slowing global economy, with … Read more
Britain’s economy failed to grow in the third quarter, official figures showed on Monday, adding to the signs of a slowdown that has cast a shadow over Prime Minister Keir Starmer’s new government.The Office for National Statistics lowered its estimate for the change in gross domestic product output to 0.0% in the July-to-September period from … Read more
Official figures confirmed Britain’s economy entered a shallow recession last year, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year. Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth quarter, unchanged from … Read more