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2025May › 02

Tory wipeout as Conservatives lose every single council and Labour is decimated... while Nigel Farage's Reform bags local election landslide

The Conservative Party has lost every council it was defending in the elections after it found itself squeezed between Reform UK and the Liberal Democrats.

Q2 GDP Tracking: Back to Growth, Wide Range

From BofA (forecast, not tracking):
GDP contracted by 0.3% q.q saar in 1Q, despite solid final demand (+2.3%). In our assessment, the surge in imports (which took 5.0pp off 1Q growth) due to front-r…

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