How a crime had an extraordinary impact on UK growth

Sky NewsThursday, November 13, 2025 at 8:16:00 AM
How a crime had an extraordinary impact on UK growth
The UK economy is currently experiencing stagnation, with recent analyses indicating a flatlining status that poses challenges for policymakers like Rachel Reeves. This situation mirrors broader economic concerns, such as those highlighted by UBS economists, who note that a significant portion of the US economy is in recession due to trade tariffs. Additionally, China's economy is facing its weakest factory output and retail sales growth in over a year, further illustrating global economic vulnerabilities. These interconnected issues underscore the importance of addressing the impact of crime on economic growth in the UK.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Calm Returns to Gilt Market Ahead of U.K. Inflation Data
NeutralFinancial Markets
Gilt yields have decreased, reversing the previous rise that was attributed to concerns regarding the U.K. government's upcoming budget announcement. This shift indicates a return to stability in the gilt market ahead of the anticipated inflation data release.
FCA’s first deputy CEO calls for stronger grip on vital tech firms
PositiveFinancial Markets
Sarah Pritchard, the first deputy CEO of the Financial Conduct Authority (FCA), has emphasized the need for the UK to enhance its oversight of foreign tech firms that provide essential services to banks. This call comes amid increasing concerns regarding outages and cyber-attacks affecting the banking sector. Pritchard highlighted the importance of operational resilience and robust cyber controls, noting that there have been frequent reminders of these critical needs in the financial landscape.
Asking prices for UK homes fall in run up to budget, Rightmove says
NegativeFinancial Markets
Asking prices for homes in the UK have decreased as the country approaches its budget announcement, according to Rightmove. This decline reflects ongoing challenges in the housing market, which may influence buyer sentiment and market dynamics leading up to the budget release.
Asking prices fall as UK housing market hit by budget speculation, Rightmove says
NegativeFinancial Markets
In November, asking prices in the UK housing market fell by 1.8%, marking the largest decline for this time of year since 2012. This decrease, amounting to £6,589, brings the average asking price for a home in the UK to £364,833. The drop is attributed to speculation surrounding the upcoming budget announcement by Chancellor Rachel Reeves, scheduled for November 26.
Rightmove: Biggest November drop in UK asking prices in over a decade amid Budget uncertainty
NegativeFinancial Markets
In November 2023, the UK experienced its largest drop in asking prices for homes in over a decade, according to Rightmove. This decline comes amid ongoing uncertainty surrounding the national budget. Additionally, reductions in asking prices for homes already on the market have reached their highest level since February 2024, indicating a significant shift in the housing market dynamics.
Lost in the plot: how would-be authors were fooled by AI staff and virtual offices in suspected global publishing scam
NegativeFinancial Markets
Book publishing websites in Australia, the UK, and New Zealand are reportedly using fake testimonials and AI-generated staff profiles to deceive aspiring authors into paying for services. An Australian writer discovered this scam after meeting a supposed scammer in person. The National Anti-Scam Centre in Australia is currently investigating these websites, which are part of a broader trend of fraudulent activities targeting individuals seeking to enter the self-publishing market. The Guardian has identified similar suspicious operations in other countries.
UK watchdogs need to step in on rip-off bills, which are bad for consumers and the economy | Heather Stewart
NegativeFinancial Markets
A recent article highlights the need for UK watchdogs to intervene in markets where consumers are being exploited by companies. Issues such as misleading small print in mobile contracts, complex insurance products, and unwanted subscriptions are causing frustration among consumers. A research paper suggests that these practices not only harm consumers but also negatively impact the economy.
UK budget watchdog in danger of strangling economic growth, says TUC boss
NegativeFinancial Markets
Paul Nowak, the head of the Trades Union Congress (TUC), has warned that the Office for Budget Responsibility (OBR) is at risk of hindering economic growth in the UK. He argues that the OBR's entrenched support for austerity economics needs to be modernized to avoid becoming a 'straitjacket' on living standards. This warning comes just weeks before the autumn budget presented by Rachel Reeves, highlighting the urgency for reform in fiscal policy to stimulate growth.