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ONS delays release of sales data over quality concerns
The postponement of the sales report by the ONS highlights potential issues in data accuracy that could impact economic analysis and subsequent policy-making processes.
Read Full Article →ONS delays release of July retail sales data due to ‘quality’ concerns
The postponement of the July retail sales figures by the UK statistics agency may affect economic analysis and business planning as accurate consumer spending data remains unavaila...
Read Full Article →UK growth revised up two years late
The updated economic data showing higher growth in 2023 may influence fiscal planning and investment decisions by incorporating revised research and development contributions based...
Read Full Article →UK’s post-pandemic GDP recovery is revised up by statistics office
The updated data reflecting enhanced measurement of research and development activities has led to a higher assessment of the UK’s economic growth following the pandemic recovery p...
Read Full Article →'Unaffordable' rents well over a third of income
Rents in Bristol and Bath consume more than one-third of residents' earnings, placing these cities among the twenty most challenging locations to secure affordable housing in Engla...
Read Full Article →Tenants in England spending ‘unaffordable’ 36% of income on rent, shows survey
In 2024, renters in England allocated a growing portion of their earnings toward housing costs, with London residents dedicating the highest share compared to other regions across...
Read Full Article →UK Economic Growth Slows But Beats Forecasts
The United Kingdom’s economy grew by 0.3% in the recent quarter, indicating a deceleration from earlier in the year but still surpassing analysts’ expectations.
Read Full Article →UK economy posts surprise 0.3% growth in three months to June
The modest increase in output during the second quarter suggests potential resilience in economic activity despite earlier challenges, which could influence investor confidence and...
Read Full Article →Business investment falls as alarm bells rung on low productivity
The recent decline in business spending during the second quarter highlights concerns about sluggish productivity, potentially impacting overall economic growth and future financia...
Read Full Article →UK economy grows faster than expected in June
The recent official statistics indicate a positive shift in the UK’s economic performance, with output increasing in June and contributing to overall quarterly growth despite previ...
Read Full Article →Goods now make up just 40 per cent of UK exports
The decreasing share of physical products in the UK's total exports highlights a growing reliance on the service sector, reflecting shifts in the country’s economic structure and t...
Read Full Article →UK retail sales bounce back as Brits enjoyed warmest June on record
Retailers in the UK experienced an increase in sales volume in June, supported by favorable weather conditions that encouraged higher consumer spending on food and beverages after...
Read Full Article →Rachel Reeves: It’s not progressive to pay off US hedge funds for debt
The government's repayment of foreign investment firms holding public debt has significant budgetary implications, especially as recent data shows interest costs have surged compar...
Read Full Article →Rachel Reeves faces gloomy autumn after borrowing overshoots
The unexpected increase in government borrowing has raised concerns about rising debt servicing expenses, potentially limiting fiscal flexibility and complicating efforts to manage...
Read Full Article →Businesses stand ready tackle long-term sickness – if only we let them
Rising rates of extended mental health-related absences pose challenges to workforce productivity and economic growth, highlighting the importance of employer involvement in suppor...
Read Full Article →UK inflation rise makes it clear: the cost of living crisis has not gone away
The unexpected increase in consumer prices suggests ongoing economic challenges, likely prompting monetary authorities to maintain elevated borrowing costs for an extended period t...
Read Full Article →Pressure on Bank of England and Reeves as inflation spikes
The recent increase in consumer prices to 3.6 percent has raised concerns about the feasibility of reducing interest rates, potentially influencing upcoming monetary policy decisio...
Read Full Article →Bank of England looks for jobs data revisions ahead of rate decision
The Bank of England’s upcoming interest rate decision may be influenced by updated employment figures, as changes in job losses could signal shifts in economic conditions and affec...
Read Full Article →Bank of England interest rate cut ‘almost certain’ after poor growth
The recent decline in economic activity has increased expectations that the central bank may reduce borrowing costs soon to support financial stability and encourage economic expan...
Read Full Article →Rachel Reeves to face fresh blow with sluggish growth data
The latest economic figures indicating minimal expansion in May may challenge the government's efforts to stimulate growth and could impact investor confidence and fiscal planning.
Read Full Article →Hospitality jobs slump as Reeves’ National Insurance hike bites
The recent increase in employers’ national insurance payments has coincided with a significant reduction in employment within the UK hospitality sector, reversing prior job growth...
Read Full Article →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 →Saving British Steel leaves taxpayers with £900m bill
The government’s intervention to support British Steel is expected to result in nearly £900 million in public expenses, raising concerns about the country’s limited budget flexibil...
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...
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