2018 GDP forecast lowered after dip in economy

The National Institute of Economic and Social Research has revised its GDP forecast to just under 1.5% due to weak economic performance in the first quarter of 2018.

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Think tank says early base rate rise on the cards

A financial think tank believes there is now a prospect of an early Bank of England base rate rise after the Bank’s Monetary Policy committee voted 5-3 today to keep the bank rate unchanged at 0.25 per cent.

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UK economy to grow by 2.5% in 2014, NIESR forecasts

The UK economy will grow by 2.5% in 2014 and 2.1% in 2015, the National Institute of Economic and Social Research has forecast. Read more...

NIESR says 2015 before UK output fully recovers

Independent economic think tank the National Institute of Economic and Social Research says it will take until 2015 before UK economic output recovers to the level it achieved in 2008. Read more...