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...Gregory said the figures provided “evidence that tax receipts remained buoyant”....
...Gregory said she expected the economy to move out of stagnation in the second half of 2024....
...Gross domestic product rose 0.2 per cent between December last year and January, driven by a 0.2 per cent expansion in the services sector, the Office for National Statistics said on Wednesday....
...Hunt’s scope for tax cuts hinges in part on the scale of the “headroom” he has against his self-imposed fiscal rule, which requires the ratio of public debt to gross domestic product to be falling year on...
...Tomasz Wieladek, chief European economist at T Rowe Price, estimated that the latest rise in UK gilt yields would raise government interest costs by about 0.1 per cent to 0.15 per cent of gross domestic...
...“The US economy remains very robust and the main engine of global growth,” said Gregory Daco, chief economist at EY, who has recently raised his projection for 2024 from 1.8 per cent to 2.2 per cent....
...Ruth Gregory, an analyst at Capital Economics, said that after nine months of the fiscal year 2023-24, government borrowing was on track to undershoot the OBR’s full-year borrowing forecast of £123.9bn by...
...Ruth Gregory, deputy chief UK economist at Capital Economics, said the ONS figures were “vastly different to the previous data”....
...“The balance sheet remains bloated relative to [gross domestic product]. You need to shrink it so that, if there’s another downturn at some point, you can restart quantitative easing.”...
...At his spring Budget, the OBR said Hunt had £6.5bn of headroom against his target of cutting debt as a share of gross domestic product in the fifth year of the forecast....
...The figures suggest “the cost of living crisis is coming to an end”, said Ruth Gregory, an economist at the consultancy Capital Economics....
...In the three months to June, gross domestic product was 1.8 per cent above its pre-pandemic level in the final three months of 2019, the Office for National Statistics said on Friday....
...Gregory Daco, chief economist at EY-Parthenon, said he thinks the US economic engine that performed so strongly in the third quarter is about to sputter....
...“Across the board, it’s a good report,” said Gregory Daco, chief economist at EY Parthenon....
...UK debt has risen above 100 per cent of gross domestic product for the first time since 1961 after public sector borrowing doubled in May....
...Public debt, or borrowing accumulated over time, was equivalent to 98.5 per cent of gross domestic product, the highest level since the early 1960s....
...Gross domestic product was 0.2 per cent higher in the period from April to June than in the previous three months, and 0.4 per cent higher than a year earlier, the Office for National Statistics said on...
...The expansion “will further raise hopes that the economy will escape a recession this year”, said Ruth Gregory, economist at the consultancy Capital Economics....
...Additional reporting by Lucy Fisher and Anna Gross in London...
...Krishan Shah and Gregory Thwaites of the Resolution Foundation write that “the US, France and Germany are all around one-sixth more productive than the UK....
...“[US] consumers are still willing to spend, but they have become increasingly cautious and selective amidst still-high prices and tighter credit conditions,” said EY chief economist Gregory Daco....
...This showed “some underlying weakness as a result of high inflation and high interest rates”, said Gregory....
...But Ruth Gregory, deputy chief UK economist at Capital Economics, said the improvement in the government’s finances would tempt the chancellor to offer giveaways in his Autumn Statement later this year....
...Gross domestic product increased 0.1 per cent between October and November 2022, the Office for National Statistics said on Friday....
...The economy grew unexpectedly in November, with gross domestic product increasing 0.1 per cent compared with October....
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