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The UK is set to experience the strongest economic growth since the Second World War this year, with a faster-than-expected recovery from the coronavirus pandemic, according to the Bank of England. The bank has hiked its estimate for UK GDP growth to 7.25% in 2021, up from February’s forecast

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Consumer price inflation rose to 0.7% in March from a three-month low of 0.4% in February, according to the latest figures released by the Office for National Statistics (ONS).

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UK productivity – measured in terms of output per hour – fell in Q4 2020 after bouncing back in Q3 from declines in Q2 and Q1, according to the latest figures released by the Office for National Statistics (ONS).

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The UK's GDP grew 1.3% quarter-on-quarter in the fourth quarter of 2020, according to the latest figures released by the Office for National Statistics (ONS).

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A plunge in credit card spending in February contributed to the biggest fall in consumer borrowing in 27 years, according to figures published by the Bank of England (BoE). With British consumers paying back more than they borrowed, consumer borrowing dropped by 9.9% annually, marking the biggest co

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Consumer price inflation unexpectedly dipped to a three-month low of 0.4% in February from 0.7% in January, according to the latest figures released by the Office for National Statistics (ONS).

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The Bank of England (BoE) has held interest rates at a record low of 0.1%.  The bank met expectations at the March Monetary Policy Committee (MPC) meeting, with unanimous 9-0 votes both to keep interest rates at 0.10% and the stock of asset purchases at £895 billion.

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