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Bank of England set to tip UK into recession by year-end, say economists

Starting in the 4th quarter, the recession will cost over 1 per cent of economic output

United kingdomDan hansonUnited kingdom london economyImage creditBloomberg economicsAna andradePrime minister rishi sunakLiz trussConservative party

UK economy takes bigger-than-expected hit from winter strikes

However, readings also show the economy is unlikely to shrink in the first quarter

United kingdomYael selfinGeorge lagariasKitty ussherOffice for national statisticsInstitute of directorsUnited kingdom london economyExchequer jeremy huntImage creditNational statistics

Bank of England makes historic rate hike despite very challenging outlook

The central bank forecasts inflation will hit a 40-year high of around 11%

United kingdomCity ofSilvana tenreyroSwati dhingraEuropean central bankBank rateMonetary policy committeeUnited kingdom london economyImage creditBlack wednesday

Economic, climate, security crises questions loom as global finance chiefs set to meet

The IMF and World Bank meetings will be in-person for the first time since early 2020

United statesUnited kingdomWorld bankDistrict of columbiaSouth koreaSouth koreanLuci ellisLoretta mesterThomas jordanJames bullardShunichi suzukiMasood ahmedLael brainardChristine lagardeAndrew baileyKristalina georgieva

UK announces major tax cuts: Income and corporate tax deductions, stamp duty cuts

Changes to income tax, corporate tax, stamp duty among significant tax announcements made

New yorkUnited statesCity of londonCity ofUnited kingdomFrance generalNorthern irelandKwasi kwartengEuropean unionExchequer kwasi kwartengGrowth planImage creditPrime minister liz trussUnited kingdom prime minister liz trussUnited kingdom london economy

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