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Minister brands IMF ‘unduly pessimistic’ despite new figures showing UK economy flatlined in February

Home office minister Chris Philip has dismissed the International Monetary Fund’s (IMF) economic forecast for the UK, claiming the organisation’s predictions are “unduly pessimistic”.   Mr Philp, the policing minister, said this morning that the UK has a “track record” of “consistently outperforming” the IMF’s forecasts — that is despite new figures showing the UK economy flatlined in

Chance of recession up as GDP plummets

More to follow The post Chance of recession up as GDP plummets appeared first on Politics.co.uk.

Sunak urges wealthy to donate £400 handout

Chancellor Rishi Sunak has urged wealthy households to donate their energy bill handout to charity. Every single UK household will receive at least one  £400 grant.  People claiming benefits can receive another £650. £300 extra will be given to pensioners, with another £150 set aside for each person on non means tested disability benefits. Quizzed…

EY: Britain’s economy will grow slower this year

Britain’s economy will grow slower this year and next year than previously hoped, warns the EY Item Club this morning. The accountancy giant’s research predicts that the ‘tougher’ part of… The post EY: Britain’s economy will grow slower this year appeared first on London Business News | Londonlovesbusiness.com.

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