The UK technically dodged a recession at the end of 2022, however the outlook is bleak as growth is expected to remain close to zero during 2023, new figures from the Office for National Statistics (ONS) show. In December, GDP fell 0.5% following growth of 0.1% in November which resulting in GD
The consumer prices index rate of inflation has decreased to 10.5% in December from 10.7% in November, according to the latest figures from the Office for National Statistics (ONS). The rate was slightly lower than the forecast 10.6%, and continues the downward trend from 11.1% in October, suggestin
New figures from the Office for National Statistics (ONS) have shown that the UK's GDP grew by 0.1% in November, driven by an increase in the services sector. The growth was attributed to temporary factors such as the beginning of the men's football World Cup, which boosted activity in the food and
Scotland’s GDP is estimated to have fallen by 0.1% in Q3 compared to the previous quarter, and increased 0.4% month-on-month in October, according to statistics announced by the chief statistician.
Inflation has reached 11.1%, a 41-year high, the newest figures from the Office for National Statistics (ONS) shows. A jump in energy costs, despite the Energy Price Guarantee (EPG), and rising food prices, which rose by 16.4% — the biggest annual increase since 1977 — pushed C
The latest figures from the Office for National Statistics (ONS) have shown that the UK economy contracted 0.2% in Q3 between July and September. The UK's GDP fell by 0.6% in September alone. The information and communication sector was the worst affected and services output dropped 0.8%, causing th
New figures released by the Office for National Statistics (ONS) have estimated that GDP has fallen by 0.3% in August 2022, after growth of 0.1% in July 2022 (revised down from a growth of 0.2%). The ONS said: "monthly GDP is now estimated to be at the same level as its pre-coronavirus levels (Febru
Total company insolvencies in England and Wales in the second quarter of 2022 reached their highest quarterly level since 2009, according to the latest figures published by the Office for National Statistics (ONS). The ONS said the rise had been driven by creditors' Voluntary Liquidations (CVLs).&nb
Half of Scottish workers are spending at least one day a week at home, new figures from a government survey has revealed. In the survey of 1200 firms in Scotland, 32.6% said their workers were in the office one or two days a week, while a further 16.5% were in three to four days a week.
The Office for National Statistics (ONS) has reported a fall in retails sales volume of 1.6% for August continuing a downward trend since summer 2021 and significantly worse than expectations. This follows the lifting of restrictions on hospitality which has likely caused a shift in where consu
The latest figures from the Office for National Statistics (ONS) have shown that the economy grew by 0.2% in July and output dropped by 0.6%. Services grew by 0.4% in July 2022, after a fall of 0.5% in June 2022, and was the main driver to the rise in GDP. Information and communication grew by 1.5%
New data from the Office for National Statistics (ONS) has shown a recent slowdown in monthly mergers and acquisitions (M&A) activity, as domestic M&A deals were valued at £2.9 billion for Q2 2022 - £0.9bn less than Q1 (£3.9bn). Data suggests M&A activity has been
For the first time, since records began in January 1997, the UK is importing no energy from Russia.
Real earnings in the UK have fallen by a record 3.0%, according to the latest figures published by the Office for National Statistics (ONS). In real terms (adjusted for inflation), growth in total and regular pay fell on the year in April to June 2022 at 2.5% for total pay and 3.0% for regular pay.
The Office for National Statistics (ONS) has estimated that the country's GDP contracted by 0.6% in June and 0.1% for Q2. The June decrease is attributed to the Platinum Jubilee and the move of the May bank holiday leading to "an additional working day in May 2022 and two fewer working days in