UK economic growth: How it affects jobs, saving money and more explained
5 hours, 22 minutes ago

UK economic growth: How it affects jobs, saving money and more explained

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In economics circles, this - along with slower inflation and slightly falling gilt yields following a concerning, sharp rise - is being celebrated as minor wins and breathing space for the Labour government and chancellor Rachel Reeves, who says she will “fight every day” to bring meaningful, ongoing growth to the country, while prime minister Keir Starmer says it’s “a step in the right direction, but there’s much, much more we’ve got to do”. “The news around growth of the UK economy – while only a small shift – will be a welcome relief for many business owners, and the wider recruitment market. So, although a 0.1 per cent economic growth might seem minor, it undeniably represents progress.” A small step on the jobs front, then. “0.1 per cent growth on a month to month basis is unlikely to be noticeable in the shorter term,” Mr. Stell explained.

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History of this topic

UK economy fails to grow, registers 0% quarterly growth
3 weeks, 3 days ago

UK economy fails to grow, registers 0% quarterly growth

Firstpost  

In a blow to promises of Prime Minister Sir Keir Starmer, the British economy failed to grow in the July-September quarter and registered 0 per cent growth The British economy failed to grow in the July-September quarter and registered 0 per cent growth. The British Office for National Statistics on Monday revised the earlier quarterly growth estimate of 0.1 per …

British economy flatlines in 3rd quarter in another blow to new Labour government
3 weeks, 3 days ago

British economy flatlines in 3rd quarter in another blow to new Labour government

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The British economy flatlined in …

UK economy shrinks again in another blow to Reeves, new figures show
1 month ago

UK economy shrinks again in another blow to Reeves, new figures show

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves said the figures were disappointing “We are determined to deliver economic growth as …

UK economy under Labour stalls - what that means for you and your money
2 months ago

UK economy under Labour stalls - what that means for you and your money

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves has said …

Unemployment in the UK rises to 4.3% and earnings fall to 4.8%
Trending News
2 months ago

Unemployment in the UK rises to 4.3% and earnings fall to 4.8%

Daily Mail  

Wage growth has fallen to its lowest level in more than two years while Britain's jobless rate jumped by more than expected, according to official figures. The Office for National Statistics said average regular earnings growth eased back to 4.8 per cent in the three months to September, down from 4.9 per cent in the previous three months. Earnings growth …

UK economic growth forecasts downgraded for next two years – economists
2 months, 3 weeks ago

UK economic growth forecasts downgraded for next two years – economists

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. EY Item Club’s latest quarterly economic forecast also suggested that caution by Bank of …

UK economy flatlines in July for second month running
4 months ago

UK economy flatlines in July for second month running

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy flatlined in …

Economy flatlines as UK sees no growth for second month in a row
4 months ago

Economy flatlines as UK sees no growth for second month in a row

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s economy saw a second month of stagnation in …

UK economic outlook brighter but growth held back by ‘uncertainties’, says BCC
4 months, 1 week ago

UK economic outlook brighter but growth held back by ‘uncertainties’, says BCC

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s economy is set to …

Why did the UK economy grow over the past quarter and what does it mean?
5 months ago

Why did the UK economy grow over the past quarter and what does it mean?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy posted another …

UK economy the fastest growing in the G7 in 2024, economists say
5 months ago

UK economy the fastest growing in the G7 in 2024, economists say

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That is why we have made economic growth our national …

UK economy grows 0.6% between April and June as it recovers from recession
5 months ago

UK economy grows 0.6% between April and June as it recovers from recession

Associated Press  

LONDON — Britain’s economy continued its recovery from recession at the end of last year, with its GDP increasing by 0.6% between April and June, official figures showed Thursday. “The U.K. economy has now grown strongly for two quarters, following the weakness we saw in the second half of last year,” said Liz McKeown, director of economic statistics at the …

UK growth slows slightly in second quarter
5 months ago

UK growth slows slightly in second quarter

Hindustan Times  

Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday. UK growth slows slightly in second quarter The country's economy is growing after it exited a mild recession at the end of last year, helped by inflation falling back from four-decade highs. "The new …

Slowdown in wage growth ‘clears the path for more interest rate cuts’ by BoE this year
5 months ago

Slowdown in wage growth ‘clears the path for more interest rate cuts’ by BoE this year

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This lends some support to our forecast that the Bank …

Wage growth falls back further but continues to outstrip inflation
5 months, 4 weeks ago

Wage growth falls back further but continues to outstrip inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Office for National Statistics said average regular earnings …

UK finally sees growth in economy during May
6 months ago

UK finally sees growth in economy during May

China Daily  

Buses cross Waterloo Bridge with the City of London financial district seen behind, in London, Britain, March 5, 2024. The United Kingdom economy bounced back in May, showing signs of growth after a stagnant April and marking a continuation of the country's recovery from last year's recession. The Office for National Statistics, or ONS, reported a 0.4 percent increase in …

UK economy returns to growth in May
6 months ago

UK economy returns to growth in May

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. ONS director of economic statistics Liz McKeown said: “The …

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes
7 months ago

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy recorded no growth in April in a blow …

UK growth outlook brighter as consumer spending set to rebound, says CBI
7 months, 1 week ago

UK growth outlook brighter as consumer spending set to rebound, says CBI

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s encouraging to see that the outlook for the …

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts
7 months, 3 weeks ago

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy is set …

Jobless rate rises to highest for nearly a year, figures show
8 months ago

Jobless rate rises to highest for nearly a year, figures show

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “At the same time the steady decline in the …

UK no longer in recession after economy grows 0.6% in last quarter
8 months ago

UK no longer in recession after economy grows 0.6% in last quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Jeremy Hunt said the economy …

UK economy exits recession after 0.6% growth in latest quarter
8 months ago

UK economy exits recession after 0.6% growth in latest quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. ONS director of economic statistics Liz McKeown said: “After …

U.K. exits recession with better-than-expected 0.6% GDP growth
8 months ago

U.K. exits recession with better-than-expected 0.6% GDP growth

The Hindu  

The data will be welcome news for Prime Minister Rishi Sunak who said the economy had “turned a corner” Britain's economy grew by the most in nearly three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Minister Rishi Sunak ahead of an …

Scottish economy estimated to have shrunk by 0.3% in February, figures show
8 months, 2 weeks ago

Scottish economy estimated to have shrunk by 0.3% in February, figures show

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Scotland’s economy is estimated to …

Unemployment rate hits six-month high amid fears of a stalling economy
9 months ago

Unemployment rate hits six-month high amid fears of a stalling economy

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s unemployment rate has risen to its highest level in …

UK economy went into shallow recession in 2023: Official data
9 months, 2 weeks ago

UK economy went into shallow recession in 2023: Official data

Live Mint  

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 that the economy is safe with him before an election expected later this year. "The weak starting point for GDP this year means calendar-year growth in 2024 is likely to be limited to less than 1%," …

UK probably left recession as economy grows 0.2% in January
10 months ago

UK probably left recession as economy grows 0.2% in January

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Data released by the Office for National Statistics said that GDP - a measure …

UK Economy Rebounds in January After Slipping Into Recession
10 months ago

UK Economy Rebounds in January After Slipping Into Recession

Hindustan Times  

The UK economy rebounded in January, registering modest growth after falling into a technical recession in the second half of last year. “Momentum is likely to remain weak in the near-term, but the outlook for this year is improving.” Growth in January was boosted by strong retail sales as a 2 percentage point cut in national insurance, a payroll tax, …

UK economy enters recession in second half of 2023 after shrinking 0.30 per cent
11 months ago

UK economy enters recession in second half of 2023 after shrinking 0.30 per cent

India TV News  

Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December. The 0.3 per cent contraction in Britain's economy from October to December came after a 0.1 per cent decline between July and September. The Office for National Statistics reported a 0.1 per …

UK economy ‘found its feet again’ as business activity returns to growth
1 year, 1 month ago

UK economy ‘found its feet again’ as business activity returns to growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. November’s data reveals welcome signs of calmer waters ahead …

Recession looming as jobs market weakens, says Bank rate-setter
1 year, 2 months ago

Recession looming as jobs market weakens, says Bank rate-setter

The Telegraph  

Ms Dhingra was speaking as economists said official data showing a slowdown in pay growth would fuel hopes the Bank of England has raised rates far enough to weaken the jobs market and ease a key driver behind inflation. Average weekly earnings in the three months to August were up 8.1pc compared with the same period last year, slowing from …

UK slumps into the red with GDP dropping 0.5% in July as families and businesses struggle to cope with soaring interest rates... amid fears BoE is poised for more hikes
1 year, 4 months ago

UK slumps into the red with GDP dropping 0.5% in July as families and businesses struggle to cope with soaring interest rates... amid fears BoE is poised for more hikes

Daily Mail  

The UK has slumped into the red as spiking interest rates and dire weather hammered activity in July. Grim figures showed GDP dropped 0.5 per cent - far worse than the 0.2 per cent expected by analysts and the biggest fall since last December. Grim figures showed GDP dropped 0.5 per cent in July - far worse than the 0.2 …

Economy not out the woods despite bigger-than-expected jump in June, experts say
1 year, 5 months ago

Economy not out the woods despite bigger-than-expected jump in June, experts say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. This underwhelming rebound in quarterly UK GDP highlights the …

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost
1 year, 5 months ago

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

Associated Press  

LONDON — The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in the leisure sector benefited from the warm and settled weather, official figures showed Friday. Despite the increase, the British economy is the only Group of Seven leading industrial economy yet to …

UK growth beats expectations in second quarter
1 year, 5 months ago

UK growth beats expectations in second quarter

The Telegraph  

Households increased spending on restaurants and transport, bringing a 0.7pc increase in real household expenditure across the quarter. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: “The UK remains the only G7 country in which the main quarterly measure of GDP has not recovered to its pre-Covid peak yet.” Quarterly GDP was 0.2pc below its pre-pandemic level. Strong growth …

Truss’s taskforce claims average Briton £10,000 worse off than US counterpart
1 year, 6 months ago

Truss’s taskforce claims average Briton £10,000 worse off than US counterpart

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. If over the next two decades the UK economy could achieve annual GDP per …

UK avoided recession last year by narrowest of margins. It might not be so lucky in 2023
1 year, 11 months ago

UK avoided recession last year by narrowest of margins. It might not be so lucky in 2023

CNN  

London CNN — The UK economy flatlined in the last quarter of 2022, meaning that it just managed to avoid falling into a recession. “No recession on the pedantic definition of two consecutive quarters of falling GDP, but a calamitous performance nonetheless,” Samuel Tombs, chief UK economist at Pantheon Macroeconomics, tweeted. “The UK still is the ‘only’ G7 country in …

‘UK recession to last until end of next year’
2 years ago

‘UK recession to last until end of next year’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Economists at KPMG have predicted that the UK has already entered a “shallow but …

UK economy shrinks 0.3% in three months through October
2 years, 1 month ago

UK economy shrinks 0.3% in three months through October

Associated Press  

LONDON — Britain’s economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry. Gross domestic product, the broadest measure of economic activity, fell by 0.3% in the period when compared with the three months through July, the Office for National Statistics said Monday. Despite the rebound …

UK economy shrinks 0.3% in three months through October
2 years, 1 month ago

UK economy shrinks 0.3% in three months through October

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Britain ‘step closer to recession’ after economy shrank in August
2 years, 3 months ago

Britain ‘step closer to recession’ after economy shrank in August

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s economy unexpectedly shrank in …

U.K. economy unexpectedly shrinks in August, falls by 0.3%
2 years, 3 months ago

U.K. economy unexpectedly shrinks in August, falls by 0.3%

The Hindu  

Britain's economy shrank by 0.3% in August, hit by weakness in manufacturing and maintenance work in North Sea oil and gas fields, according to official data which underscored the challenge for Prime Minister Liz Truss to speed up growth. "The economy shrank in August with both production and services falling back, and with a small downward revision to July's growth …

UK economic growth slows in February as cost-of-living crisis starts to bite
2 years, 9 months ago

UK economic growth slows in February as cost-of-living crisis starts to bite

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Suren Thiru, head of economics at the British Chambers …

UK set for severe drop in living standards, as inflation curbs growth
2 years, 9 months ago

UK set for severe drop in living standards, as inflation curbs growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Brits are set for the …

UK GDP: Recovery still lagging other G7 economies as growth slows
3 years, 2 months ago

UK GDP: Recovery still lagging other G7 economies as growth slows

CNN  

London CNN Business — UK GDP growthslowed between July and September, leaving the economy still around 2% smaller than it was before the pandemic and trailing the recovery in other G7 nations. The UK economy, struggling with supply chain disruptions and high energy prices, expanded by 1.3% in the quarter, down from growth of 5.5% in the previous three-month period …

UK economy grows 4.8% as hospitality bounces back from lockdown
3 years, 5 months ago

UK economy grows 4.8% as hospitality bounces back from lockdown

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chancellor Rishi Sunak said the latest figures showed the …

UK economy shrank by 2.6 per cent in November
4 years ago

UK economy shrank by 2.6 per cent in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is facing a …

U.K. economy officially in recession after 20.4% Q2 slump
4 years, 5 months ago

U.K. economy officially in recession after 20.4% Q2 slump

The Hindu  

The U.K. economy has officially fallen into a recession after official figures showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic. Unlike other countries, Britain’s statistics agency provides monthly figures to accompany the quarterly numbers and these show some hope that the economy is …

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