THE UK is at "significant risk" of heading into a recession due to the mounting cost-of-living crisis and the Ukraine conflict, a new report has warned.
BANK of England deputy governor Ben Broadbent has warned the UK is likely to be facing the worst ever external hit to national income from inflation as the Ukraine war compounds the cost-of- living crisis.
Sunak has said the nation must prepare for “the economy and public finances to worsen, potentially significantly” because of the impacts of Russia’s invasion of Ukraine.
A MARKED improvement in the north’s economy last month could be short-lived in the wake of Russia’s invasion of Ukraine, a new report from Ulster Bank suggests.
THE supply of people and skills is the singular key challenge for Northern Ireland in the 2020s, according to the Ulster University Economic Policy Centre’s newly-published spring outlook.
Growth in the UK economy slowed to its lowest in 11 months as the spread of Omicron variant weighed on consumer activity, according to early economic data.
UK economic growth slowed more sharply than first thought between July and September, before the impact of the new Omicron variant of coronavirus, official figures show.
UK economic growth slowed sharply between July and September as supply chain problems hampered recovery from the pandemic, official figures have shown.