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Regular wages in the UK, excluding bonuses, grew by 6% in the three months to February compared with the same time a year ago

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 consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February

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 wages excluding bonuses grew by a slightly weaker-than-expected 6.1% in the three months to the end of January, new ONS figures show

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 sees surprise fall to 3.9% in November

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 volumes dropped 0.3% month-on-month in October after a revised 1.1% decline in September

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

A poll of economists had pointed to a fall in gross domestic product of 0.1% in the third quarter but official data showed the figure at 0%

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

The UK unemployment rate held steady at 4.2% in the three months to August, new ONS figures show

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 average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to the end of August

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 economic output grew by 0.2% in August from July, new figures show today

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 up0 0.4% in August - lower than expected

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

New ONS figures show that British retail sales fell more sharply than expected in July and were 1.2% lower than in June

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

UK property values increased by 1.9% annually in May this year, the Office for National Statistics said today

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

The Office for National Statistics said it now estimated that Britain's economy shrank by 10.9% rather than 11% in 2020

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

The UK's economic recovery since the Covid-19 pandemic has been much slower than almost every other big advanced economy

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 food sales were down by an annual 2.7%, the latest ONS figures show today

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

The UK unemployment rate rose to 3.9% in the first quarter of 2023

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 fell more than expected in March, new figures show today

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

The UK's economic output showed no change in month-on-month terms in February

UK economy shows no growth in February - ONS

Britain's economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less likely to be brewing in early 2023.

Business • 13 Apr 23

The UK jobless rate is close to its lowest level in almost 50 years

UK pay growth speeds up again as unemployment steady

The pace of pay growth in Britain - which is being closely watched by the Bank of England as it gauges how much higher to raise interest rates - picked up more pace in the three months to November, official data showed today.

Business • 17 Jan 23

UK gross domestic product fell by a revised 0.3% against the 0.2% decline initially estimated

UK economy shrinks more than expected in Q3

Britain's economy contracted by a little more than first estimated in the third quarter of this year, and business investment performed poorly, official data showed today.

Business • 22 Dec 22

British public borrowing rose to its highest for any November since records began - hitting £22.017 billion

UK public borrowing hits record £22 billion in November

British public borrowing rose to its highest for any November since records began, at £22.017 billion, reflecting higher costs for energy subsidies, figures from the Office for National Statistics show today.

Business • 21 Dec 22

UK consumer inflation rose to 10.1% in September from 9.9% in August

Food prices push UK inflation back to 40-year high

Britain's annual rate of consumer price inflation inched higher to 10.1% in September, from 9.9% in August, the The biggest jump in food prices since 1980 pushed British inflation back into double digits last month, matching a 40-year high hit in July in a new blow for households grappling with a co

Business • 19 Oct 22

UK retail sales volumes plunged by 1.6% in monthly terms in August, new figures show today

UK retail sales fall by more than expected in August

British retail sales fell last month by much more than expected, with a broad-based decline across all of the main retail sectors contributing to the biggest decline in volumes since December 2021, official data show.

Business • 16 Sep 22

The UK's gross domestic product grew by 0.8% in month-on-month terms in January after a 0.2% decline in December

UK economy rebounds strongly in January - ONS

Britain's economy rebounded much more than expected in January from its coronavirus-related lull in late 2021, according to data today that likely adds to the case for Bank of England policymakers to raise interest rates next week.

Business • 11 Mar 22

UK retail sales volumes rose by 1.9% in January after a 4% decline in December

UK retail sales recover more than expected from Omicron

British retail sales grew faster than expected in January, recovering about half the losses suffered when a wave of coronavirus cases caused many shoppers to stay at home during December.

Business • 18 Feb 22