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The Latest Breaking News from Office for National Statistics

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Analysts say figures give chancellor slightly more leeway for tax cuts before general election

The Guardian - UK

BoE’s Dhingra warns against delaying interest rate cuts; ‘limited room’ for tax cuts after record UK budget surplus – as it happened

Rolling coverage of the latest economic and financial news, as UK’s budget surplus doubles year-on-year… and BT Tower is sold to hotel chain

The Guardian - UK

Third of Londoners living with type 2 diabetes are undiagnosed, figures show

Millions more are at risk of developing the condition

Evening Standard

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read the most diverse news in one place.

Retail sales in Great Britain rebound strongly after Christmas slump

Rise of 3.4% in January is biggest monthly increase since April 2021 as shoppers return to stores

The Guardian - UK

UK retail sales rebound after Christmas slump; company insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as retail sales in Great Britain rebound by 3.4% in January

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

International Business Times

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UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Al Jazeera

Signs of UK housing market recovery as price falls ease

Price of average property decreased by 1.4% in 12 months to December, says ONS

The Guardian - UK

UK Inflation Holds At 4.0 Percent In January: Data

Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.

International Business Times

UK Inflation Holds At 4% In January: Data

The Consumer Prices Index (CPI) stood at 4.0 percent last month, the Office for National Statistics (ONS) said in a statement.

Latin Times

Wednesday briefing: How the Rochdale furore exposed claims of factionalism in Labour’s handling of antisemitism

In today’s newsletter: The party has disowned candidate Azhar Ali following his remarks about Israel and Gaza, with accusations of hypocrisy over antisemitism levelled at Starmer’s door

The Guardian - UK

UK pay growth slows less than expected as workers bid up wages

December figures prompt predictions Bank of England may cut interest rates later than previously expected

The Guardian - UK

The Body Shop UK falls into administration; UK wage growth and US inflation hit rate cut hopes – as it happened

The Body Shop has collapsed into administration in the UK, less than three months after it was taken over by a private equity company

The Guardian - UK

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The Guardian - UK

Monday briefing: From the UK to South Korea, why people are having fewer babies

In today’s newsletter: Birthrates are falling – and many of the reasons are the same across the world

The Guardian - UK

Recession verdict for UK economy will be no laughing matter for Hunt and Sunak

Figures on GDP, wages and inflation this week are set to offer Labour plenty of scope for criticising Tories’ economic competence

Evening Standard

As high interest rates lead to home repossessions, London will be hit hardest

City Comment: Along with unemployment, home repossession is probably the most distressing symptom of recession.

The Guardian - UK

Labour formally drops £28bn green pledge and blames Tories for ‘crashing the economy’ – as it happened

The announcement ends weeks of speculation about the policy

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International Business Times UK

Unemployment Rate in the UK: Official Figures Show Potential Discrepancy

The new data, derived from experimental results within the Labour Force Survey, could potentially exert pressure on the Bank of England to reconsider any immediate plans for interest rate cuts.

The Guardian - UK

It’s ‘national sickie day’ – is ill-health holding back the UK economy?

ONS figures suggest long-term sickness is preventing more people from looking for work

The Guardian - UK

Should the UK embrace higher net migration or rethink the economy?

If the population is to grow on the scale predicted the UK will need the infrastructure to service a much-expanded citizenry

Evening Standard

OPINION - Immigration will radically alter Britain by 2036 — and we should start talking about it

The really interesting thing about the projections for population growth from the Office for National Statistics this week is the extent it’s not being talked about. In case you missed it, the ONS said that, based on existing trends, the population of Britain is projected to rise by 6.6 million by…

Evening Standard

Revealed: Impact of London's sky-high rent and mortgage repayments on mental health

One in 10 Londoners say their mental health has been negatively affected by the anxiety of keeping up with their rent or mortgage, the highest proportion of any region in Britain, figures show.

Evening Standard

Population to reach 74 million by 2036 after 'unprecedented migration' levels

Projected increase almost entirely down to net migration, ONS says

The Guardian - UK

‘Now even smaller’ and ‘All new, worse recipe’: these are the labels you won’t see on food – but you should

Firms that trumpet larger packets and improved formulas should also be frank about the shrinkflation that is giving the consumer less, says Hilary Osborne, the Guardian’s consumer and money editor

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