Category: Office for National Statistics

UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement

Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons addressUK inflation has fallen back to 2.8%, giving Rachel Reeves some positive news before she makes her spring...

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All UK families ‘to be worse off by 2030’ as poor bear the brunt, new data warns

Keir Starmer has been dealt a fresh blow to his living standards pledge in advance of the spring statementLiving standards for all UK families are set to fall by 2030, with those on the lowest incomes declining twice as fast as...

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UK economy shrinks unexpectedly in blow to Rachel Reeves

ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statementBusiness live – latest updatesThe UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves...

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UK economy grows by 0.1% in unexpected boost for Rachel Reeves

ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline• Business live – latest updatesBritain’s economy unexpectedly grew in the final three months of last...

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UK economy grew by 0.1% in third quarter of 2024, says ONS

First quarter under Labour government shows services and manufacturing slowed in run-up to budgetBusiness live – latest updatesThe UK economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second...

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Treasury warns of difficult decisions in budget after September borrowing rise

ONS data shows higher debt interest payments and pay awards for public sector workers pushed figure to £16.6bnBusiness live – latest news updatesThe Treasury has said it will need to take difficult decisions in next...

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UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leewayAnalysis: Sharp inflation drop gives green light to more aggressive rate cutsBusiness live – latest updatesInflation in...

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