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The Latest Breaking News from Office for National Statistics

Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

The Guardian - UK

Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard

Growth slows to 0.1% in February as economy hit by torrential rain

UK still stuck in a pattern of slow growth but recession is almost certainly over

Evening Standard

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Almost 10 million people in England could be on NHS waiting list

ONS figures suggest 9.7 million people are waiting for hospital appointment or treatment

The Guardian - UK

Monday briefing: The truth about claims people ‘use’ their mental health to avoid work

In today’s newsletter: Work and pensions secretary Mel Stride claims 94% of those going to the doctors feeling ‘bluesy’ will be signed off work. What’s the evidence for this claim?

The Guardian - UK

Do you leave your home town or stay behind? It’s a question at the heart of British politics

Graduates are more likely to migrate to the big cities. But any political benefits from this are decidedly mixed, says writer and editor John Merrick

The Guardian - UK

Why UK recession may be deeper than two quarters of falling GDP suggest

Greater fall per head and latest trade data illustrate longer term decline of economy

The Guardian - UK

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Blow for Sunak as revised figures confirm UK went into recession last year

Latest estimate from ONS says GDP declined by 0.3% in final quarter of 2023

The Guardian - UK

ONS scraps plans to stop reporting the deaths of homeless people

U-turn comes after campaigners attacked proposal by data body for England and Wales as ‘callous’

The Guardian - UK

Fact-check: All the claims from the controversial Tory ad attack against Sadiq Khan

The Tory party has come under fire after using footage from a stampede at a New York subway station in an attack ad on Labour mayor Sadiq Khan

Evening Standard

FTSE 100 near record high amid interest rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news, as prospect of several interest rate cuts this year boosts shares but weighs on the pound

The Guardian - UK

5 highest-earning baby names revealed: Your little one could grow up to earn a salary of £113,472 with one of these options

David and Sarah are just two of the baby names that could grow up to make the most money - would you choose them?

GoodToKnow

UK government borrows more in February than forecast with highest debt since 1960s

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

The Guardian - UK

Average UK house price £2,000 lower in January than a year earlier

The slowdown in Consumer Prices Index inflation could have positive impacts for mortgages and the housing market, experts said.

Evening Standard

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The Guardian - UK

Average monthly UK rent up 9% – the highest annual increase recorded

Cost of renting rises in all parts of the UK, ONS says, with the average monthly rent in England now £1,276

The Guardian - UK

The fight against UK inflation is being won – but when will interest rates be cut?

Prices are still going up but the tide has turned, raising expectations the Bank of England may cut rates in response

inkl

UK Businesses Will Save Money with New Sponsor Licence Rules

Running a business in the UK remains tricky in light of recent economic issues.

Evening Standard

Money flowing out of London stock market at a record pace, new figures show

Of 17 European countries, only four have seen greater percentage outflows of money this year

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The Guardian - UK

UK competition watchdog says ground rent ‘not necessary’; Metro Bank cutting 1,000 jobs – as it happened

CMA says government may need to step in to protect consumers from rising ground rents; watchdog intervenes to free over 500 households from ‘problematic’ ground rent clauses

Evening Standard

Early interest rate cut in doubt amid ‘sticky’ wage growth

The Office for National Statistics (ONS) said regular wages rose at an annual rate of 6.1% in November to January, down only from 6.2% previously

Evening Standard

Vinyl revival sees it rejoin UK inflation basket for first time in 32 years

The virtual basket of hundreds of goods and services is rejigged every year to ensure it reflects current consumer tastes and trends

The Guardian - UK

Vinyl records return to UK inflation basket for first time since 1992

Strong sales of Taylor Swift’s 1989 (Taylor’s Version) help format make an impact, as air fryers also join list

The Guardian - UK

‘People have lost faith’: life in former mining towns 40 years on from strike

Conservatives’ closure of collieries tore communities apart, and four decades later memories from that period remain powerful

The Guardian - UK

Birthrate in UK falls to record low as campaigners say ‘procreation a luxury’

Total fertility was 1.49 children per woman in 2022 amid rising housing and childcare costs

Evening Standard

Divorces at lowest level in decades 'due to cost of living crisis'

Divorces granted in England and Wales reached their lowest level for 50 years, according to the latest statistics.

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