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GDP in the UK - the world's fifth-biggest economy - increased by 0.8% in the first quarter compared with the final three months of 2021

UK posts record current account gap

The UK economy grew the same as previously thought in the first three months of 2022, when the public had yet to feel the effects of a rise in inflation which now threatens to cause a recession.

Business • 30 Jun 22

S&P Global's Purchasing Managers' Index composite index for the UK came in at 53.1 in June

UK economy 'running on empty' as recession signals grow

The UK economy is showing signs of stalling as high inflation hits new orders and businesses report levels of concern that normally signal a recession, a closely watched industry survey showed today.

Business • 23 Jun 22

Britain is becoming a more closed economy due to Brexit, a new reports states today

Brexit will cost UK workers £470 a year, study predicts

Britain is becoming a more closed economy due to Brexit, with damaging long-term implications for productivity and wages which will leave the average worker £470 a year poorer by the end of the decade, a study forecast today.

Business • 22 Jun 22

The UK unemployment rate rose slightly to 3.8% in the three months to April, new figures show today

UK unemployment rate rises to 3.8% in 3 months to April

Britain's jobless rate rose for the first time in nearly a year, but there were signs of more people returning to the job market, where employers' struggle to fill vacancies has added to the Bank of England's inflation headache.

Business • 14 Jun 22

In three days the Bank of England is due to announce the scale of its latest interest rate response to the surge in inflation

UK slowdown fears mount as GDP unexpectedly shrinks

Britain's economy unexpectedly shrank in April, official figures showed today, adding to fears of a sharp slowdown just three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation.

Business • 13 Jun 22

The Chocolate Manor in Coleraine made 50,000 chocolate discs for jubilee cupcakes

Over £6bn economic boost crowns jubilee weekend in UK

Over £600 million will be spent in Britain on royal memorabilia and decorations as our neighbours in the UK celebrate the Platinum Jubilee of Queen Elizabeth II - the first British monarch to reign for 70 years.

Business • 04 Jun 22

S&P Global's flash Composite PMI, a monthly gauge of the services and manufacturing industries, slumped to 51.8 in May from 57.6 in April

Slowdown in UK business activity rings recession alarm

Momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher, according to a business survey today that showed rising pessimism.

Business • 24 May 22

Market research firm GfK said its consumer morale gauge, dating back to 1974, touched an all-time low of -40 in May from -38 in April

UK consumer mood at lowest since records began in 1974

Pessimism weighing on Britain's households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey showed.

Business • 20 May 22

UK retail sales volumes rose by 1.4% month-on-month in April after a 1.2% drop in March

UK retail sales jump unexpectedly in April

British retail sales jumped unexpectedly in April, official data showed today, but the outlook for consumer spending remained resolutely downbeat as the cost-of-living crunch intensifies.

Business • 20 May 22

The UK unemployment rate fell to 3.7% in the first three months of this year, new figures show today

UK unemployment hits 48-year low but inflation hits pay

The UK unemployment rate fell to its lowest since 1974 at 3.7% in the first three months of this year, official figures showed today, below economists' forecasts for it to hold steady at 3.8%.

Business • 17 May 22

The UK economy shrank by a historic 9.3% in 2020 and grew by 7.4% in 2021

UK economy unexpectedly shrinks in March

The UK economy shrank by 0.1% in March but expanded by 0.8% for the first quarter of 2022 as a whole, official figures showed today in what is likely to have been a high point for 2022 as the cost of living crisis increasingly bites.

Business • 12 May 22

UK economy facing recession risk

The Bank of England has warned that the UK risks a recession as inflation is expected to pass 10%.

Business • 09 May 22

UK inflation rose to an annual rate of 7% in March - its highest since 1992

UK inflation jumps to 30-year high of 7% in March

British consumer price inflation leapt to 7% in March, its highest since March 1992 and up from 6.2% in February, official figures showed today, intensifying the cost-of-living squeeze faced by households.

Business • 13 Apr 22

The number of job vacancies in the UK hit a fresh record high in the three months to March at 1.288 million

UK jobless rate falls further below pre-pandemic rate

UK earnings shrank by the most since 2013 in February when adjusted for surging inflation, despite unemployment falling to its joint lowest in almost 50 years.

Business • 12 Apr 22

The latest S&P Global/CIPS UK Manufacturing PMI survey shows a reading of 55.2

UK manufacturing growth slows to 13 month low

Manufacturing in the UK is doing worse than at any point for the last 13 months, as exports suffered and the war in Ukraine made buyers more cautious, an influential survey has found.

Business • 01 Apr 22

GDP in the world's fifth-biggest economy increased by 1.3% in the fourth quarter, new figures show today

Covid spending helps UK economy to grow in late 2021

Britain's economy grew more quickly than previously thought in the last three months of 2021 when the country was hit by the Omicron wave of Covid-19 cases, driven by higher health spending, official data showed today.

Business • 31 Mar 22

British finance minister Rishi Sunak has delivered his Spring Statement today

UK's Sunak cuts taxes to soften cost-of-living hit

British finance minister Rishi Sunak has today cut taxes for workers and reduced a duty on fuel as he sought to soften a severe cost-of-living squeeze against the backdrop of fast-rising inflation and slowing economic growth.

Business • 23 Mar 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

The IMF has backed the Bank of England's decision to raise interest rates in December and February

IMF urges Bank of England to be clear about plans

The International Monetary Fund has told the Bank of England to be clear about its plans to withdraw stimulus for Britain's economy, following criticism of the central bank's communications in recent months.

Business • 23 Feb 22

The UK's GDP grew by 1% in the last three months of 2021 despite being affected by the spread of the Omicron variant

Omicron hit to UK economy less sharp than feared

The UK economy rebounded in 2021 as gross domestic product grew by 7.5% following a 9.4% fall the previous year, according to new data from the Office for National Statistics today.

Business • 11 Feb 22

The Bank of England today raised interest rates to 0.5% from 0.25% in an effort to fight inflation

Bank of England raises interest rates to 0.5%

The Bank of England has today raised interest rates to 0.5% and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central bank warned inflation will soon top 7%.

Business • 03 Feb 22

The UK economy grew by a much stronger-than-expected 0.9% in November, new figures show today

Sterling edges higher against euro after robust UK data

Sterling edged higher against the euro today after robust economic data, while investors assessed the impact of a potential leadership change in the country.

Business • 14 Jan 22

The ONS said the UK's gross domestic product rose by 0.9% in November

UK economy finally bigger than before pandemic

The UK's economy sped up growth in November, before the Omicron variant struck, pushing above pre-pandemic levels for the first time.