Category: Office for National Statistics

Unemployment set to hit 5.3% this year amid ‘worrying’ rise in young jobless

OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertaintyUnemployment in the UK is set to peak this year at a higher rate than previously estimated, with a...

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UK reports record-breaking budget surplus of £30.4bn in surprise boost for Rachel Reeves

Largest January total since records began in 1993 is sharp reversal from December’s £11.6bn deficitThe UK government has posted the biggest ever budget surplus, official figures show, after a large boost in...

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UK government borrowing falls to £11.6bn in December

Official figures better than expected after stronger receipts than a year earlierBusiness live – latest updatesThe UK government borrowed less than expected in December, official figures show, after stronger receipts than...

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UK borrowed more than expected in November amid pre-budget pressure

ONS figures show public sector net borrowing was £11.7bn – £1.9bn less than in same month last yearThe UK government borrowed more than expected in November, official figures show, amid pressure on the economy...

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UK government borrows more than expected in setback before budget

October figures represent final snapshot of public finances before Rachel Reeves’s tax and spending statementBusiness live – latest updatesThe UK government borrowed more than expected in October, official figures...

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UK inflation unexpectedly remains at 3.8% for third month in a row

Annual September rate is same as August and July but confounds forecasts of cost of living increaseInflation was unchanged last month at 3.8%, confounding expectations of an increase, official figures show.The Office for...

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UK economy expands as GDP rises by 0.1% in August ahead of crucial budget

Manufacturing and health sectors boost growth but ONS revises down figures for JulyExclusive: says higher taxes on wealthy ‘part of budget story’Business live – updatesThe UK economy expanded by 0.1% in August,...

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