UK productivity declined in the final quarter of 2020, after bouncing back in Q3 following falls in both Q1 and Q2, according to the latest figures released by the Office for National Statistics (ONS).
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UK retail sales volumes fell a substantial 8.2% month-on-month in January, according to new figures released by the Office for National Statistics (ONS).
Consumer price inflation unexpectedly edged up to a four-month high of 0.7% in January from 0.6% in December and a three-month low of 0.3% in November, according to the latest figures released by the Office for National Statistics (ONS).
Over the year 2020 as a whole, UK GDP contracted by 9.9%, marking the largest annual fall in UK GDP on record, according to the latest figures from the Office for National Statistics (ONS).
The Bank of England (BoE) has held off from more stimulus for the UK economy, keeping the interest rate at 0.1%. At the February Monetary Policy Committee (MPC) meeting yesterday, the BoE observed that the UK economy had performed much better than had been expected in Q4 2020 when it likely grew aro
The Bank of England has reported that mortgage approvals for house purchases edged back slightly to 103,381 in December from 105,324 in November, which was the highest level since August 2007.
The UK's manufacturing sector lost momentum in January, as activity slowed to a three-month low.
The UK's unemployment rate rose to 5% in the three months to November, up from 4.9%, according to the latest figures released by the Office for National Statistics (ONS).
The UK's public sector net borrowing is estimated to have reached £34.1 billion in December 2020, £28.2bn more than in December 2019, which is both the highest December borrowing and the third-highest borrowing in any month since monthly records began in 1993.
UK retail sales volumes edged up a weaker-than-expected 0.3% month-on-month in December after a temporary opening up of non-essential retailers following November’s lockdown, according to the latest figures released by the Office for National Statistics (ONS).
The UK's manufacturing sector lost its momentum in the first quarter of this year, as the nationwide lockdowns continued to take effect, according to the January CBI Industrial Trends survey.
Consumer price inflation rose slightly more than expected to 0.6% in December from a three-month low of 0.3% in November, according to the latest figures released by the Office for National Statistics (ONS).
The UK economy shrank by 2.6% in November as fresh lockdown restrictions came into place in England, according to the latest figures released by the Office for National Statistics (ONS).
Mortgage approvals reached a 13-year high in November, according to figures released by the Bank of England.
The UK's budget deficit rose to £31.6 billion in November, the third-largest monthly budget deficit on record and the highest since May, according to the latest figures from the Office for National Statistics (ONS).