UK economy grew by slower-than-thought 0.5% in Q2 Britain's economy grew more slowly than previously thought in the second quarter but there were also some signs of improvement in household finances ahead of next month's annual budget. Business • 30 Sep 24
UK economy grew by slower-than-thought 0.5% in Q2 Britain's economy grew more slowly than previously thought in the second quarter but there were also some signs of improvement in household finances ahead of next month's annual budget. Business • 30 Sep 24
UK economy shows no growth in July as manufacturing sags Britain's economy stagnated for a second month in a row in July as manufacturing output dropped sharply, an inauspicious start for the new government of Prime Minister Keir Starmer who wants to accelerate the pace of growth. Business • 11 Sep 24
UK economy shows no growth in July as manufacturing sags Britain's economy stagnated for a second month in a row in July as manufacturing output dropped sharply, an inauspicious start for the new government of Prime Minister Keir Starmer who wants to accelerate the pace of growth. Business • 11 Sep 24
UK economy grew by stronger-than-expected 0.7% in Q1 Britain's economy pulled out of recession at a faster pace than previously thought in the first three months of this year, revised official data showed today, but the broader economic backdrop remains fragile ahead of next week's election. Business • 28 Jun 24
UK economy grew by stronger-than-expected 0.7% in Q1 Britain's economy pulled out of recession at a faster pace than previously thought in the first three months of this year, revised official data showed today, but the broader economic backdrop remains fragile ahead of next week's election. Business • 28 Jun 24
Washout for UK retailers as rain spurs big drop in sales British retail sales slid by far more than expected in April as rainy weather kept shoppers away, in more mixed economic news for Prime Minister Rishi Sunak ahead of a national election, data showed today. Business • 24 May 24
Washout for UK retailers as rain spurs big drop in sales British retail sales slid by far more than expected in April as rainy weather kept shoppers away, in more mixed economic news for Prime Minister Rishi Sunak ahead of a national election, data showed today. Business • 24 May 24
UK house prices see first increase in nine months - ONS Average UK house prices have increased for the first time since June last year, signalling potential green shoots in the UK's property market. Business • 22 May 24
UK house prices see first increase in nine months - ONS Average UK house prices have increased for the first time since June last year, signalling potential green shoots in the UK's property market. Business • 22 May 24
UK exits recession with better-than-expected GDP growth Britain's economic output grew by a stronger-than-expected 0.6% in the three months to March after entering a mild recession in the second half of last year, data from the Office for National Statistics Business • 10 May 24
UK exits recession with better-than-expected GDP growth Britain's economic output grew by a stronger-than-expected 0.6% in the three months to March after entering a mild recession in the second half of last year, data from the Office for National Statistics Business • 10 May 24
UK retail sales stagnated again in March, ONS says British retail sales stagnated in March despite high inflation easing recently, representing the first time that they have not grown in monthly terms since December, the Office for National Statistics said today. Business • 19 Apr 24
UK retail sales stagnated again in March, ONS says British retail sales stagnated in March despite high inflation easing recently, representing the first time that they have not grown in monthly terms since December, the Office for National Statistics said today. Business • 19 Apr 24
UK house prices fall as private rents hit new records UK house prices are stabilising while rents are hitting new records, according to official figures. Business • 17 Apr 24
UK house prices fall as private rents hit new records UK house prices are stabilising while rents are hitting new records, according to official figures. Business • 17 Apr 24
UK wage growth eases as Bank of England mulls rate cut British core wage growth slowed again, posting its weakest rise since the three months to September 2022 but remained strong by historical standards, according to official figures which are likely to be given a cautious welcome by the Bank of England. Business • 16 Apr 24
UK wage growth eases as Bank of England mulls rate cut British core wage growth slowed again, posting its weakest rise since the three months to September 2022 but remained strong by historical standards, according to official figures which are likely to be given a cautious welcome by the Bank of England. Business • 16 Apr 24
UK inflation fall paves way for Bank of England rate cuts British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing from a 4% increase in January, the Office for National Statistics said today. Business • 20 Mar 24
UK inflation fall paves way for Bank of England rate cuts British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing from a 4% increase in January, the Office for National Statistics said today. Business • 20 Mar 24
UK regular wages grew 6.1% in 3 months to January British wages excluding bonuses grew by a slightly weaker-than-expected 6.1% in the three months to the end of January compared with the same time a year earlier, official data from the Office for National Statistics showed today. Business • 12 Mar 24
UK regular wages grew 6.1% in 3 months to January British wages excluding bonuses grew by a slightly weaker-than-expected 6.1% in the three months to the end of January compared with the same time a year earlier, official data from the Office for National Statistics showed today. Business • 12 Mar 24
UK inflation rate falls to lower than expected 3.9% British inflation fell in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates in the first half of next year. Business • 20 Dec 23
UK inflation rate falls to lower than expected 3.9% British inflation fell in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates in the first half of next year. Business • 20 Dec 23
UK retail sales slide again in new blow for economy British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed today in a new warning sign for the economy. Business • 17 Nov 23
UK retail sales slide again in new blow for economy British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed today in a new warning sign for the economy. Business • 17 Nov 23
UK economy fails to grow in third quarter - ONS Britain's stagnating economy failed to grow in the three months from July to September but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed today. Business • 10 Nov 23
UK economy fails to grow in third quarter - ONS Britain's stagnating economy failed to grow in the three months from July to September but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed today. Business • 10 Nov 23
UK labour market keeps on softening - ONS Britain's unemployment rate held steady at 4.2% in the three months to August but the big picture remained of a softening labour market with the number of people in jobs falling again, according to statistics published today. Business • 24 Oct 23
UK labour market keeps on softening - ONS Britain's unemployment rate held steady at 4.2% in the three months to August but the big picture remained of a softening labour market with the number of people in jobs falling again, according to statistics published today. Business • 24 Oct 23
UK regular pay grows 7.8% in three months to August British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to the end of August, the Office for National Statistics said today. Business • 17 Oct 23
UK regular pay grows 7.8% in three months to August British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to the end of August, the Office for National Statistics said today. Business • 17 Oct 23
Sluggish UK economy grows by 0.2% in August - ONS The UK economy partially recovered in August after a sharp drop in July but the bigger picture remained one of only sluggish growth after last year's surge in inflation and 14 back-to-back interest rate hikes by the Bank of England. Business • 12 Oct 23
Sluggish UK economy grows by 0.2% in August - ONS The UK economy partially recovered in August after a sharp drop in July but the bigger picture remained one of only sluggish growth after last year's surge in inflation and 14 back-to-back interest rate hikes by the Bank of England. Business • 12 Oct 23
UK retail sales grow in August after July washout British retail sales partially recovered in August after a rainy July washout, official figures showed today, adding to signs that the country's consumers were mostly coping with the cost-of-living squeeze. Business • 22 Sep 23
UK retail sales grow in August after July washout British retail sales partially recovered in August after a rainy July washout, official figures showed today, adding to signs that the country's consumers were mostly coping with the cost-of-living squeeze. Business • 22 Sep 23
British retail sales washed out by rain in July - ONS British retail sales fell more sharply than expected in July as heavy rain put off shoppers who are also feeling the hit from high inflation and 14 back-to-back increases in interest rates. Business • 18 Aug 23
British retail sales washed out by rain in July - ONS British retail sales fell more sharply than expected in July as heavy rain put off shoppers who are also feeling the hit from high inflation and 14 back-to-back increases in interest rates. Business • 18 Aug 23
Average UK house price £7,000 below September peak UK house price inflation in May this year was running at about one-seventh of the levels seen last summer, according to official figures. Business • 19 Jul 23
Average UK house price £7,000 below September peak UK house price inflation in May this year was running at about one-seventh of the levels seen last summer, according to official figures. Business • 19 Jul 23
UK economy shrank slightly less than thought in 2020 Britain's economy shrank fractionally less than previously estimated in 2020 when the Covid-19 pandemic prompted the government to require many businesses to stop face-to-face operations, revised data suggested today. Business • 03 Jul 23
UK economy shrank slightly less than thought in 2020 Britain's economy shrank fractionally less than previously estimated in 2020 when the Covid-19 pandemic prompted the government to require many businesses to stop face-to-face operations, revised data suggested today. Business • 03 Jul 23
UK economy makes weak start to 2023 as inflation weighs Britain's economy grew 0.1% in the first quarter of this year, unrevised from an initial estimate published last month, figures from the Office for National Statistics (ONS) showed today. Business • 30 Jun 23
UK economy makes weak start to 2023 as inflation weighs Britain's economy grew 0.1% in the first quarter of this year, unrevised from an initial estimate published last month, figures from the Office for National Statistics (ONS) showed today. Business • 30 Jun 23
UK shoppers boost their spending despite inflation British retail sales rose by more than expected last month and volumes over the three months to April grew by the most since mid-2021. Business • 26 May 23
UK shoppers boost their spending despite inflation British retail sales rose by more than expected last month and volumes over the three months to April grew by the most since mid-2021. Business • 26 May 23
UK jobless rate rises to 3.9% in first quarter of 2023 Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market. Business • 16 May 23
UK jobless rate rises to 3.9% in first quarter of 2023 Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market. Business • 16 May 23
UK retail sales fall by more than expected in wet March UK retail sales fell by a greater-than-expected 0.9% in March from February, figures from the Office for National Statistics showed today with bad weather during the month having an impact on shoppers. Business • 21 Apr 23
UK retail sales fall by more than expected in wet March UK retail sales fell by a greater-than-expected 0.9% in March from February, figures from the Office for National Statistics showed today with bad weather during the month having an impact on shoppers. Business • 21 Apr 23
