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Public spending to surpass 1970s levels after election

According to research conducted by the Resolution Foundation, public spending will increase to levels not seen since the 1970s regardless of who wins the upcoming election.

NIESR: New Brexit deal to lower GDP by 3.5 per cent over ten years

The new Withdrawal Agreement will see the UK GDP decrease by 3.5 per cent in a decade, according to a study compiled by the National Institute of Economic and Social Research into how Brexit will impact the economy.

Government borrowing rises by 20% over last six months

According to the Office for National Statistics, government borrowing has risen by 20 per cent during the first half of the financial year.

Pound surge halted amid Brexit deal concerns

The upward momentum of the pound, triggered by Thursday’s news of a Brexit agreement between the UK and EU, has halted amid growing concerns that the DUP could prevent the deal from gaining parliamentary approval.

IMF: Slowest global growth since financial crisis

The International Monetary Fund has announced that the global economy has grown at its slowest pace since the financial crisis.

Growth in three months to August wards off recession fears

The UK economy should avoid a recession according to the Office for National Statistics after growth figures for the three months to the end of August exceeded expectations.

Productivity falls at fastest rate for five years

According to the Office for National Statistics, UK productivity has fallen by the fastest rate in five years.

Sajid Javid announces plans to raise minimum wage in the next five years

The National Living Wage will be raised to £10.50 by 2025 , according to Sajid Javid, chancellor of the exchequer.

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