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The Latest Breaking News from Office for National Statistics

Entry-level workers face AI ‘job-pocalypse’; US probes Tesla’s self-driving system – as it happened

Business leaders are prioritising automation through AI to fill skills gaps, rather than training junior employees, survey finds

The Guardian - UK

FTSE 100 at new high as gold rush boosts miners

The FTSE 100 index closed up 65.29 points, or 0.7%, at 9,548.87, a new closing peak.

Evening Standard

Chancellor given £2bn Budget boost after VAT error sees borrowing revised down

The ONS admitted that errors in VAT data meant that government borrowing estimates have been over-stated by between £200 million and £500 million.

Evening Standard

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Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult Budget next month

The Independent UK

Rachel Reeves given extra £3bn for budget after VAT error fixed

ONS says public borrowing estimates have been out by £200m-£500m a month since January

The Guardian - UK

Gen Z will vape wherever they want and don't care who they piss off

Airplane toilets, funerals, Tube platforms, buses. Maddy Mussen on how her vape-obsessed cohort became ungovernable

Evening Standard

Study shows impact of motherhood on earnings

ONS says part of the cut in earnings was the result of a reduction in employment.

Evening Standard

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The new hybrid working norm in the UK: How many days in the office?

While hybrid work is on the rise, UK employers are requiring more in-office days. Two- and three-day schedules now account for 81% of hybrid roles.

Euronews

FTSE 100 hits new high despite worries over potential US government shutdown

Without Congress passing a bill to fund federal operations before midnight Tuesday night, the government will partially close up shop.

Evening Standard

UK trade deficit in goods hits record £56.6 billion after 'liberation day' Trump tariffs

However, the huge deficit in trade of physical goods was offset by a record surplus in services, says ONS

Evening Standard

Jobs to go at Lincolnshire oil refinery; UK economy grew faster than thought under Labour – as it happened

Insolvency firm running Lindsey oil refinery announces job losses after collapse of parent company Prax Group

The Guardian - UK

UK growth slowed sharply in second quarter, ONS confirms

The ONS said growth was better than expected in the last three quarters of 2024, though overall annual growth remained at 1.1%.

Evening Standard

Business news live: UK economy grew 0.3% in second quarter but production in damaging decline

The Office for National Statistics (ONS) said there was zero growth in gross domestic product (GDP) month on month in July

The Independent UK

Migration drives jump in UK population of three-quarters of a million

The increase of 755,254 is the second biggest year-on-year numerical jump in population since at least 1949.

Evening Standard

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The Independent UK

UK population sees second-largest annual rise in 75 years fuelled by spiralling migration

Numbers grew by more than 750,000 in the year up to June 2024, ONS estimates show

The Independent UK

‘I’m a father-of-two in my 40s – and I’ve had to move back in with my mother’

Nearly 21 per cent of adult children who move back home are over the age of 30

Evening Standard

Tax rises would lead to food inflation remaining above 5% ‘well into next year’

The BRC warned that a new surtax for large shops could lead to price rises for consumers.

The Independent UK

Tax warning issued as food inflation could remain above 5 per cent for months

Food inflation has hit its highest point since the 2022/23 cost-of-living crisis

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The Independent UK

Voices: Why you can’t simply ‘demand’ that women have more children

COMMENT: The ways in which women’s choices, or lack of them, are discussed by governments, researchers, and wider society offer a fairly glaring insight into why fertility rates continue to fall, writes Kat Brown

The Independent UK

Voices: It’s a disgrace that home is a luxury the young can no longer afford

COMMENT : The Office for National Statistics says London prices have got so out of whack that even the top earners can’t afford to buy, and it’s not much better in the rest of England. It’s time to get building, now, writes James Moore

Evening Standard

Fact check: Same-sex and opposite sex marriage data is not comparable

ONS figures do not allow for an accurate comparison of marriages based on gender.

The Guardian - UK

Retail sales rise in Great Britain as warm weather boosts clothing purchases

Increase of 0.5% in August helped by back-to-school shopping, while food stores also given lift

Evening Standard

Tax rises at autumn Budget ‘inevitable’ after borrowing soars, experts warn

The Office for National Statistics data showed Government borrowing hit £18 billion last month, marking the highest August borrowing for five years.

Evening Standard

Warm weather boosts clothing sales and bakery trips in August

The Office for National Statistics (ONS) said the total volume of retail sales is estimated to have risen by 0.5% in August.

The Guardian - UK

Pound slides after UK government borrowing jumps in August and insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as August borrowing hits highest level since 2020

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