New data has revealed that while the UK did enter a recession last year, it was slightly less severe than financial experts thought. The Office for National Statistics (ONS) has released revised ...
LONDON (Reuters) - British gross domestic product was unchanged in the final three months of 2022, figures from the Office for National Statistics showed on Friday. By David Milliken and William ...
The economy shrank by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession if it fails to grow for two ...
The UK economy will narrowly avoid falling into recession, according to research out today. The Ernst & Young Item Club quarterly forecast said that despite a raft of bleak economic indicators ...
LONDON, March 28 (Reuters) - Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters ...
The UK economy rebounded at the start of the year and is likely to have left recession already after figures released on Wednesday showed modest growth in January. Data released by the Office for ...
The U.K. economy sank into a recession in the final six months of 2023, marking it out as one of the weakest performers among developed nations, hit by high inflation and interest rates that ...
Scotland's Gross Domestic Product (GDP) fell by double the rate of the UK overall in the final three months of last year, according to official data. However, Scotland has dodged a recession, even ...
The UK economy fell into recession during the final three months of 2023, according to official figures. However, the Bank of England has since suggested that the downturn might already be over.
In a surprising turn, the UK's unemployment rate has climbed to a six-month peak of 4.2%, signalling a cooling labour market.
Despite a rise in disposable income, household expenditure actually fell as people replenished their savings accounts and paid down debt. Households will have more cash to splash this year after ...
The revised data shows gross domestic product (GDP) was 0.4% higher in the last three months of 2023 compared to a year earlier. Provisional figures released last month indicated the second ...