All the updated news related to national institute of economic and social research

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Stagflation warning as UK ‘set to enter recession’

The UK is set to enter a recession which will hit millions of the most vulnerable households, especially in the worst-off parts of the country, a report has warned. Gross domestic product is set to shrink in the third and fourth quarters of this ...

03 Aug 2022 at 01:01

Diesel price could hit as high as £3 per litre, MPs told

Diesel prices could nearly double from record levels if production in Russia is shut down and oil prices rise, MPs have been told. Experts said that the price of diesel could possibly hit as high as £3 per litre, up from current record highs of ...

14 Mar 2022 at 18:55

Reeves concedes Government has ‘more to do’ as unemployment at four-year high

Rachel Reeves conceded the Government had “more to do” but defended her stewardship of the economy as figures showed the UK’s unemployment rate stuck at a four-year high. The Chancellor insisted Labour had been “creating more jobs” since ...

14 Aug 2025 at 10:13

UK economy faces ‘stuttering growth’ due to higher interest rates – think tank

The UK economy will witness “stuttering growth” over the next two years amid pressure from higher interest rates and increased unemployment, according to a think tank. The National Institute of Economic and Social Research (Niesr) said ...

09 Aug 2023 at 05:12

Real incomes ‘will not return to pre-Covid levels until 2026 for many families’

The real incomes of the poorest half of UK families will not get back to their pre-pandemic levels until the end of 2026, new analysis has suggested. The National Institute of Economic and Social Research (NIESR) said it thinks ...

08 Nov 2023 at 00:01

World economic growth hinges on impact of US tariffs, Bank policymaker says

Future growth in the world economy hinges on how US tariffs affect global trade, although the impact on UK inflation could be less than feared, a Bank of England interest rate-setter has said. Economist Swati Dhingra, who is a ...

26 Feb 2025 at 18:14

Sunak accused of squandering £11bn in debt interest payments

Chancellor Rishi Sunak has been accused of wasting £11 billion of taxpayers’ money by paying too much in interest servicing the Government’s debt. The National Institute of Economic and Social Research (NIESR) said the losses ...

10 Jun 2022 at 00:43

‘Not true’ that Chancellor wasted £11bn in debt interest, says Treasury minister

A Treasury minister has said claims that the Chancellor has wasted £11 billion of taxpayers’ money by paying too much interest servicing Government debt are “not true”. The National Institute of Economic and Social Research ...

10 Jun 2022 at 13:15

Rachel Reeves should exempt defence pledge from budget rules, says Gordon Brown

Gordon Brown has said Chancellor Rachel Reeves should exempt the Government’s defence spending pledge from her borrowing rules to help free up economic headroom. The former prime minister said the commitment to spend 5% of ...

07 Aug 2025 at 09:58

Brexit and austerity still causing ‘major problems’ for economy – Phillipson

The chaos of Brexit and years of austerity are to blame for the tax rises Rachel Reeves is expected to announce at the Budget, a Cabinet minister said. Education Secretary Bridget Phillipson insisted the Government takes ...

05 Nov 2025 at 12:52

Income tax hike of at least 2p likely needed to plug Budget hole, warns Niesr

The Chancellor must plug a £50 billion black hole in the nation’s public finances, with at least a 2p hike to the basic rate of income tax likely to be needed, a major economic think tank has warned. The National ...

05 Nov 2025 at 00:01

City

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Chancellor Rachel Reeves will likely have to raise taxes as part of “substantial” action needed at the autumn budget to plug a £51 billion black hole in the public finances, a major economic think tank has ...

06 Aug 2025 at 09:44

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