Category: Office for National Statistics

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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UK economy returns to growth in boost to Rachel Reeves before budget

GDP rises by 0.2% in August after flatlining in June and JulyThe UK economy returned to growth in August after flatlining for two months, in a boost for the chancellor, Rachel Reeves, before the autumn budget.The Office for...

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UK government borrowing hits higher than expected £3.1bn in July

Figures come amid row between Labour and Conservatives over true state of public financesBusiness live – latest updatesStrong spending on public services and welfare pushed government borrowing to £3.1bn last month,...

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UK government borrowing hits £3.1bn with deficit higher than expected

July figures come amid row between Labour and Conservatives over true state of public financesStrong spending on public services and welfare pushed government borrowing to £3.1bn last month, more than double its level in...

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‘Share government data to boost economy’, says UK statistics watchdog chief

The UK Statistics Authority’s chair says linking data sets from departments could aid growth and improve services• We need to make data sharing across government the ruleMinisters could find ways to boost the economy...

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UK inflation rises to 2.2% in first increase since December

Annual rate in July climbs back above Bank of England target of 2%, ONS figures showBusiness live – latest updatesBritain’s annual inflation rate rose to 2.2% last month – its first increase since December last...

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