War and tax: How the UK economy could get knocked off course

cityam

Aug 13

Burnham could struggle to maintain the UK economy's momentum. (PA Wire) Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who...

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(PA Wire) Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who...</p>\n\n<a href=\"https://www.cityam.com/war-and-tax-how-the-uk-economy-could-get-knocked-off-course/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>War and tax: How the UK economy could get knocked off course</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWar and tax: How the UK economy could get knocked off course\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-13 19:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/war-and-tax-how-the-uk-economy-could-get-knocked-off-course/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Burnham could struggle to maintain the UK economy's momentum. (PA Wire) Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who...</p>\n\n<a href=\"https://www.cityam.com/war-and-tax-how-the-uk-economy-could-get-knocked-off-course/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.cityam.com/war-and-tax-how-the-uk-economy-could-get-knocked-off-course/","article_id":"2659159357","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/07/Andy-Burnham-3.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/war-and-tax-how-the-uk-economy-could-get-knocked-off-course/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2659159357","pubTimestamp":1786619505,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Burnham could struggle to maintain the UK economy's momentum.  Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who has long desired top jobs in the Treasury, lambasted “gloomsters” shortly after official data revealed growth in the second quarter of the year was 0.4 per cent.Even Rachel Reeves, who has remained largely silent on policy affairs since being replaced as Chancellor and kicked out of the Cabinet, took credit for the positive results as she said they were “not inevitable”.At the beginning of 2026, economists widely expected growth to stagger by the middle of the year. KPMG and Berenberg bank were some of the City forecasters believing growth this year would fall under one per cent.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BBEU":"JPMorgan BetaBuilders Europe ETF","BK4585":"ETF&股票定投概念"},"translate_title":"战争和税收：英国经济如何偏离轨道","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBEU":1.5},"content_text":"Burnham could struggle to maintain the UK economy's momentum. (PA Wire) Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who has long desired top jobs in the Treasury, lambasted “gloomsters” shortly after official data revealed growth in the second quarter of the year was 0.4 per cent. Even Rachel Reeves, who has remained largely silent on policy affairs since being replaced as Chancellor and kicked out of the Cabinet, took credit for the positive results as she said they were “not inevitable”. At the beginning of 2026, economists widely expected growth to stagger by the middle of the year. KPMG and Berenberg bank were some of the City forecasters believing growth this year would fall under one per cent. \n\nData on Thursday revealed that, in the first half of the year, the UK economy expanded by about one per cent. It makes the UK the fastest-growing economy in the G7. Growth watchers might also be positively surprised by GDP per capita improving by one per cent over the year. It might seem like a modest figure but the largest change in any of the last 20 years was 1.1 per cent in 2023 (a rebound from the pandemic) followed by one per cent over 2025. Of course, this run of low growth also speaks for itself.It’s when the recent set of data is investigated that things might look a little more worrying. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBusiness investment was 1.7 per cent in the last quarter, much higher than previous expectations. But a boost in the UK economy has largely been driven by investment in the technology sector, a sub-section of services. This might be explained by mostly professional services firms and other company bosses across different sectors putting all their faith on AI. Warnings from the likes of IMF’s Kristalina Georgieva and the Bank of England’s deputy governor Sarah Breeden show that there is a trepidation that such investments could backfire. \n\nParts of the economy are running on fumesProduction was also flat in the second quarter as electricity, gas, steam and air conditioning supply held UK industry back. While positive contributions to manufacturing activity in areas such as pharmaceuticals and mining should bring some cause for optimism, weaknesses across the energy sector are likely to keep investors and economists monitoring the UK economy’s potential more nervous. Construction output is also still about two per cent lower than at the same time a year ago, further dampening hopes that a nationwide re-industrialisation programme is underway. In many ways, quarterly GDP print on Thursday is simply confusing. RB Capital Markets analysts pointed out that S&P Global purchasing managers’ index scores, seen as the top indicator for business activity, pointed to GDP growth of around just 0.1 per cent on a three-month basis, rather than 0.6 per cent and 0.4 per cent in the first two respective quarters. Researchers at the top City firm said it showed the Office for National Statistics’ estimate had become “much more volatile”. The Wales-based body revised down its growth figure for May in the last release, proving just how routine it has become for the crucial figures to be tweaked and revised on a regular basis.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}