5 resultsfor “UK economy growth concerns 2023”
economy. The Bank of England began cutting rates in August 2024. Six cuts since then brought rates down to 3.75%, the lowest level since early 2023. The [most recent cut in December 2025](https://www.bbc.co.uk
concerns rise over political uncertainty in the lead-up to local and national elections. Government bond markets for major economies have all fallen since the US-Israeli conflict with Iran began, meaning the effective cost
growth](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices) of any developed economy as a result of the war. Reeves is understood to be extremely unhappy that a series of high-profile contracts have either been awarded to foreign bidders
economy has fallen sharply amid the mounting economic fallout from the Iran war, surveys show, as businesses prepare to raise their prices and consumers brace for a fresh cost of living shock. Highlighting the knock
economy is powering ahead](https://www.theguardian.com/environment/2026/jun/02/uk-green-economy-worth-more-than-100bn-a-year-net-zero), according to research by the country’s leading business organisation. 4. ***US news*** | Donald Trump is [reconsidering whether to](https://www.theguardian.com/us-news/2026/jun/01/senate-democrats-challenge-trump-slush-fund) keep pressing