Finance News – Office For National Statistics
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Consumer spending drives ‘healthy pickup’ for UK businesses
Increased expenditure by households and companies has contributed positively to commercial performance, highlighting economic resilience even as rising costs and taxation continue...
Read Full Article →To find out who’s to blame for economic uncertainty, reeves should look in the mirror
The decline in consumer expenditures by £50 billion compared to last year highlights cautious financial behavior that contributes to ongoing economic instability, reflecting broade...
Read Full Article →UK households hit by squeeze on living standards despite fastest growth in G7
Despite the UK economy expanding more rapidly than other G7 nations, increased taxes and inflation led to lower real disposable income per household, reducing overall financial res...
Read Full Article →Disposable income per head slumps despite economic growth
Although the UK experienced modest economic expansion driven by production, services, and construction sectors, individual earnings available for spending or saving declined notabl...
Read Full Article →Office for National Statistics has ‘deep-seated’ problems and needs an overhaul
Addressing longstanding management issues at the UK’s main statistics agency may require significant investment and organizational changes, potentially impacting the accuracy and r...
Read Full Article →Fresh drive to fix shortfalls in UK's economic statistics
The government plans to allocate ten million pounds to improve the reliability of key economic data produced by the Office for National Statistics, addressing ongoing concerns abou...
Read Full Article →ONS appoints Bank of England data exec as new chief
The appointment of a senior Bank of England data expert aims to strengthen the Office for National Statistics’ leadership amid concerns about data management and its impact on econ...
Read Full Article →House prices slump in April: ‘Supply is beginning to outweigh demand’
The recent monthly decline in property values reflects shifting market conditions where increased availability and reduced purchasing power are influencing buyer activity after the...
Read Full Article →Inflation overshoots expectations ahead of Bank of England meeting
The latest figures showing a higher-than-anticipated rise in consumer prices may influence the Bank of England’s upcoming decision regarding adjustments to interest rates aimed at...
Read Full Article →UK economy shrinks more than expected in blow to Reeves
The unexpected decline in the UK’s economic output during April indicates a potential slowdown that may affect investor confidence and hinder short-term financial recovery efforts.
Read Full Article →UK unemployment rises to highest level in nearly four years
The rise in joblessness and slower wage advancements may reduce consumer spending power, potentially influencing monetary policy decisions and affecting overall economic growth in...
Read Full Article →ONS blames government figures after revealing April inflation error
The miscalculation in April’s inflation rate, caused by incorrect vehicle excise duty data, may impact economic policy decisions and market confidence in official financial statist...
Read Full Article →UK retail sales boost as Brits enjoy warm weather
Retail sales in the UK increased notably in April, supported by favorable weather conditions that encouraged higher consumer spending on groceries, leading to a significant improve...
Read Full Article →UK private sector shrinking as firms cut jobs; pressure to raise taxes as government borrowing jumps...
Rising government borrowing in the UK highlights increased fiscal challenges, as economic contraction and job reductions in private firms intensify pressure on budget policies and...
Read Full Article →UK net migration almost halves in 2024
The substantial decrease in net migration during 2024 may influence the UK’s labor market and public spending, potentially affecting economic growth and government resource allocat...
Read Full Article →UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves
The unexpected increase in public sector borrowing to £20.2 billion highlights the ongoing challenge of balancing economic growth and fiscal responsibility for the UK government.
Read Full Article →Energy bill defaults hit record high, says ONS
Recent data from the government indicates a rising number of households are facing financial difficulties, leading to an increased rate of missed automatic payments for utility ser...
Read Full Article →Boost for Rachel Reeves as UK economy booms in first quarter
The UK experienced a notable increase in economic output during the first quarter, indicating enhanced business activity likely influenced by anticipated tax changes and internatio...
Read Full Article →UK economy defies gloomy warnings to grow 0.7% in first quarter of year
The economy's unexpected expansion in early 2024 reflects increased business investment and export activity, boosting market confidence despite previous forecasts of economic downt...
Read Full Article →UK unemployment rises to highest in nearly four years
Increased employer national insurance payments have coincided with a decline in available positions, contributing to a slower labor market and a growth in the proportion of individ...
Read Full Article →Employment levels slump as Reeves’ taxes bite
The recent decline in job numbers reflects the impact of increased taxation on businesses, which appears to have reduced employer profitability and subsequently affected workforce...
Read Full Article →UK's top statistician quits following data row
The resignation of the leading official at the Office for National Statistics may affect confidence in the reliability of economic figures used for financial planning and policy de...
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