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The Latest Breaking News from Office for National Statistics

What are the political consequences of austerity? A history lesson for Keir Starmer

The British government has argued that a black hole exists in the public finances to the tune of £22 billion in this financial year. It claims that dealing with this will involve a period of fiscal restraint, which usually means spending cuts.

The Conversation

UK debt hits 100% of GDP, the highest level since 1960s

Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel Reeves

The Guardian - UK

UK Economic Data Delivers Fresh Blow To New Govt

UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget.

International Business Times

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Annual house price growth slows but rents climb at near-record rate, says ONS

Growth in house prices slowed to 2.2% in the 12 months to July, from 2.7% annually in June, according to the Office for National Statistics.

The Independent UK

Official estimate of trans population in England and Wales dropped by ONS

Figure no longer treated as official statistic in embarrassing setback after 2021 census question misunderstood

The Guardian - UK

Rachel Reeves warned tax rises could damage growth as economy flatlines for second month in a row

Chancellor says that change will not happen ‘overnight’ after latest disappointing economic figures

The Independent UK

UK economy flatlines in July for second month running

THE UK economy flatlined in July for the second month in a row, according to the latest official figures, as the Chancellor said she is “under no…

The National (Scotland)

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Summer of sport saves GDP from a surprise slump in July as economy stalls

Flatlining economy in the month Labour came to power is a disappointing backdrop to preparations for key Budget in October

Evening Standard

More time for next interest rate cut after jobs and wages numbers cool

City expects action in Threadneedle Street in November

Evening Standard

PwC to track workers’ locations as it orders more time be spent in office

Hybrid working saw a massive post-Covid rise – but more employees are cracking down

The Independent UK

‘I would never date a white person again’ – what Slave Play teaches us about interracial relationships

As Jeremy O. Harris’ new West End polemic lifts the lid on the uncomfortable reality of interracial relationships, Emma Loffhagen speaks to people about their experiences dating outside of their race

Evening Standard

Why the UK tourism industry is still suffering four years after Covid

The number of tourists visiting the UK in 2024 is predicted to be still lower than than pre-pandemic figures

The Independent UK

Cocaine may be ubiquitous in Britain – but it’s hardly cool: in fact it’s becoming cringe

Gen X and millennials are still embracing the drug, with all its drink-more, work-more, pre-2008-crash associations. But this mentality is no longer in vogue, says Róisín Lanigan

The Guardian - UK

Reeves can point to ONS public finances report as cover for a harsh budget

October review is expected to be eye-wateringly severe, but chancellor will draw on official data to make her case

The Guardian - UK

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International Business Times

Rise In UK Borrowing Narrows Budget Options For New Govt

UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.

The Independent UK

Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

The Guardian - UK

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

Figures come amid row between Labour and Conservatives over true state of public finances

The Guardian - UK

Economists predict higher taxes and borrowing after UK deficit overshoots forecasts – as it happened

Tough budget looms after UK deficit hits £3.1bn in July – ahead of City forecasts of £1.5bn, and soaring over OBR forecast of £100m

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The Guardian - UK

‘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 UK government the rule, not the exception

The Guardian - UK

Global stock markets head for best week of 2024, as US consumer confidence rises – as it happened

Rolling coverage of the latest economic and financial news, as PwC becomes the first audit firm to be fined by the FCA

Evening Standard

Three Lions Euros success gives the high street a big boost in July

Retail sales rose a solid 0.5% during the month with the ONS saying summer sports events gave a boost

The National (Scotland)

UK economy continues recovery from recession in latest figures

THE UK economy continued its recovery from recession at the end of last year as growth extended over the latest quarter, according to the latest…

Evening Standard

British economy grew 0.6% in the second quarter of the year

It was the second consecutive quarter of GDP growth following a 0.7% advance in the first three months of 2024

The Guardian - UK

UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

Evening Standard

OPINION - Jack Monroe was right – 'cheapflation' really did hit the poorest households

Every month, our friends at the Office for National Statistics (ONS) publish the latest annual inflation rate, which measures the change in the price of regularly purchased products compared with the same time the previous year. Today, that figure (or rather, July's figure) was 2.2 per cent, slightly up on June…

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