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The Latest Breaking News from Office for National Statistics

UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

The Guardian - UK

UK inflation rate drops to lowest level in over a year at 8.7% but prices are still going up

Inflation drops below double digits for the first time since August 2022.

Daily Record

Inflation falls to lowest level in over a year - but food prices remain high

Drop in inflation driven by falling enery prices, ONS says

The Independent UK

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Inflation falls to lowest level in over a year

Bank of England governor admits it made errors in its forecasting of the UK's inflation rate

Insider UK

FTSE 100 Live: ‘We’re in an economic danger zone’ — inflation tops forecasts; US default fears; FTSE down 1.8%

The FTSE 100 closed down almost 1.8% at 7627, as the combination of higher-than-forecast inflation and US default fears led to the biggest sell-off of London stocks in months.

Evening Standard

Wednesday briefing: Why the UK’s inflation rate just came down to 8.7%

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

The Guardian - UK

Inflation drops below 10% for first time in eight months

The Consumer Price Index (CPI) - the headline measure of inflation - dropped to 8.7 per cent in April from 10.1 per cent in March

Evening Standard

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Bank forecast to raise rates above 5% as UK inflation falls by less than expected

Rate drops to 8.7% but food price rises remain close to 45-year high

The Guardian - UK

Inflation falls sharply to 8.7% as price rises finally ease - what it means for you

Inflation finally falls below double digits dropping by 1.4% to 8.7% according to the Office for National Statistics (ONS)

Daily Mirror

Thousands in UK are out of work due to long Covid

UK government should recognise long Covid as an occupational disease for all key workers

Wales Online

From CPI to stagflation: how the UK tracks price rises and what key inflation terms mean

All the methods of cost of living calculations come with benefits and limitations

The Guardian - UK

Brits ditch formal footwear for trainers as chain tops £10billion sales

The owner of trainer chain JD Sports last week announced its annual sales had topped £10billion for the first time as one in three Brits wear trainers to the office

Daily Mirror

What are the UK’s new immigration rules for international students?

A significant factor behind the rising migration numbers in recent years has been an increase in foreign students and their dependants arriving, the Office for National Statistics (ONS) says

Evening Standard

Inflation-hit households ‘typically needed £5,455 extra over past two years’

Households should not be afraid to reach out and ask for help, according to interactive investor, which made the calculations.

The Independent UK

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The Week

Thousands of people in UK out of work due to long Covid

Nisreen Alwan, professor of public health at the University of Southampton and Daniel Ayoubkhani, principal statistician at the Office for National Statistics and the University of Leicester explain how the latest statistics on the Covid pandemic and jobs suggest long Covid could be causing high levels of economic inactivity.

The Conversation

Thousands of people in the UK are out of work due to long COVID

Almost 2 million people in the UK are estimated to be living with long COVID – after-effects of COVID that can persist for months or even years after the initial infection.

The Guardian - UK

A lost generation are stuck living with their parents – and Tory talk of housebuilding won’t help them

Young adults stranded in the family home have been abandoned by politicians who view them as an afterthought, says Guardian columnist John Harris

The Independent UK

Prime Minister says he is considering options to bring down net migration

It comes as ministers brace for fresh population statistics that are expected to show that net migration reached record levels last year.

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The Guardian - UK

Inflation is on the wane, but a longed-for sharp drop is far from in the bag

Energy bills and a tight labour market continue to cloud predictions of a steep decline by the end of the year

The Guardian - UK

Exhausting search for solutions to UK’s sharp rise in tiredness

Cost of living crisis, mental health issues and long Covid all thought to be factors, but we still know too little about fatigue

The Independent UK

UK migration levels: What do the latest available numbers show?

A series of ‘unprecedented world events’ has driven a sharp rise in people entering the country, according to the ONS.

The Guardian - UK

Cheddar or bougie brie? How inflation has hit your cheese sandwich options

Ann Widdecombe may not sympathise in any case, but rising costs have not affected all butties equally

Evening Standard

No politics, just economics— an economist’s stance on the political minefield of migration

Some thoughts on migration with a difference — no politics, just economics

Insider UK

Scotland is zero-hours contract hotspot of UK

ONS data reveals that 3.9% of the Scottish workforce have no set working hours

The National (Scotland)

'Grim reading': Scotland has highest percentage of zero-hours workers in UK

SCOTLAND is the zero-hours contracts capital of the UK, as research from the Office for National Statistics (ONS) revealed a record high rate.

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