UK Economy

The Bank of England's gloomy forecast for inflation and the UK economy
Andrew Bailey
Inflation

The Bank of England's gloomy forecast for inflation and the UK economy

The Bank of England has warned that inflation will peak around 13% this year and the UK will fall into recession. Alex Rankine reports.
10 Aug 2022
Are UK house prices finally heading for a crash?
Couple looking in an estate agent's window
House prices

Are UK house prices finally heading for a crash?

The latest house price figures show a fall of 0.1% in July. With interest rates rising, inflation hitting double figures and a recession on the cards,…
5 Aug 2022
Brace yourself for the return of rationing
Restaurant chef cooking
Economy

Brace yourself for the return of rationing

Russia is turning off the cheap energy. That is already leading to belt-tightening, says Matthew Lynn. Who will suffer most, and which sectors will th…
5 Aug 2022
Why do we use the weights and measures we do?
Greengrocer’s
Economy

Why do we use the weights and measures we do?

The UK uses a particularly quirky mix of imperial and metric measures, and the subject of which is best can provoke considerable ire. Here, Dominic Fr…
4 Aug 2022
Interest rates rise to 1.75% – the highest level since December 2008
Bank of England interest rate rise press conference
Personal finance

Interest rates rise to 1.75% – the highest level since December 2008

The Bank of England has raised interest rates from 1.25% to 1.75%, and warns that the UK will fall into a recession this year.
4 Aug 2022
Central banks can’t solve our current economic problems
UK Economy

Central banks can’t solve our current economic problems

Traditionally, as we hit recessionary times, central banks have lowered interest rates. But that’s not an option this time. If anyone can help dull t…
4 Aug 2022
Will the Recovery Loan Scheme rescue struggling small businesses?
Small business

Will the Recovery Loan Scheme rescue struggling small businesses?

The government is going ahead with a two-year expansion of the Recovery Loan Scheme, which it hopes will help firms still getting back on their feet a…
28 Jul 2022
Cover of MoneyWeek magazine issue no 1022, Friday 23 October 2020

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Are interest rates set to go higher than anyone thinks possible?
Inflation

Are interest rates set to go higher than anyone thinks possible?

With inflation raging at 10% or more, central banks may have to raise interest rates to similar levels to keep it under control. But have they got the…
26 Jul 2022
Our pension system, little-changed since Roman times, needs updating
Pensions

Our pension system, little-changed since Roman times, needs updating

The Romans introduced pensions, and we still have a similar system now. But there is one vital difference between Roman times and now that means the s…
25 Jul 2022
Things won't just return to normal – that's not how inflation works
Inflation

Things won't just return to normal – that's not how inflation works

You might think that, if inflation is indeed “transitory”, we just need to wait and everything will return to “normal”. But this is a grave misunderst…
21 Jul 2022
Who will be the next prime minister and what are the bookies’ odds?
UK Economy

Who will be the next prime minister and what are the bookies’ odds?

The Tory leadership contest is in its final phase. Matthew Partridge reports on the contest and looks at who the bookies’ favourite is.
21 Jul 2022
UK inflation has hit yet another 40-year high
Inflation

UK inflation has hit yet another 40-year high

UK inflation is running at 9.4% – its highest for 40 years. John Stepek explains why rampant inflation can be so damaging for business, for the econom…
20 Jul 2022
The difference between CPI and RPI inflation - and why it matters
Inflation

The difference between CPI and RPI inflation - and why it matters

The consumer price index (CPI) and retail price index (RPI) are both important indicators of inflation. But what is the difference and why do they mat…
20 Jul 2022
The public may have reached its limit for tax rises
UK Economy

The public may have reached its limit for tax rises

The UK tax burden is now at a 70-year high. And, while there may be some reason to hold off on cuts right now, taxes are too high because the state t…
14 Jul 2022
The tax cut that would do most good
Tax

The tax cut that would do most good

Tory leadership candidates are promising tax cuts. Matthew Lynn explains which one the winner should prioritise.
14 Jul 2022
Boris Johnson's exit leaves Britain with a towering in-tray
UK Economy

Boris Johnson's exit leaves Britain with a towering in-tray

Britain’s economic problems are rapidly piling up after the last few years of drift and chaos. What should we do first?
14 Jul 2022
You can’t ignore politics anymore – here’s what that means for your money
Investment strategy

You can’t ignore politics anymore – here’s what that means for your money

As the world converged on a liberal democratic consensus, it seemed for a while that politics didn’t matter. But things are very different now, says …
11 Jul 2022
Things may look bad – but they’re not that bad
UK Economy

Things may look bad – but they’re not that bad

The UK faces plenty of problems, says John Stepek. But things may not be as bad as they look. Our debt to GDP ratio is lower than many other major eco…
7 Jul 2022
Even if we end up in recession, a more inflationary world awaits us
UK Economy

Even if we end up in recession, a more inflationary world awaits us

The idea that a recession will drive down interest rates – and thus inflation – is flawed, says John Stepek. The disinflationary forces of the recent …
6 Jul 2022
Is inflation about to drop as recession takes hold?
UK Economy

Is inflation about to drop as recession takes hold?

Central banks are raising interest rates in an attempt to curb soaring inflation. But will that push the economy into recession? John Stepek looks at …
5 Jul 2022
Car hire and the strangeness of the post-pandemic economy
UK Economy

Car hire and the strangeness of the post-pandemic economy

A global shortage of hire cars and unusually high hotel occupancy rates sum up the post-pandemic global economy in a nutshell, says Merryn Somerset We…
30 Jun 2022
Which house-price index is the best?
Property

Which house-price index is the best?

Britain is obsessed with house prices, and we have at least four house-price indices to choose from to measure the rate of increase in the value of ou…
30 Jun 2022