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The Latest Breaking News from Office for National Statistics

Chancellor ‘determined to turn around’ economy amid surprise fall in GDP

Figures revealed a surprise contraction in the economy in January, in a blow to Rachel Reeves ahead of her spring statement.

Evening Standard

UK economy unexpectedly shrank by 0.1% in January in blow to Rachel Reeves

The slowdown in January piles further pressure on Rachel Reeves and Sir Keir Starmer ahead off this month’s spring statement

The Independent UK

UK economy contracts in January amid faltering production sector

The latest economic figures for January came after a surprise leap in growth before Christmas.

The Independent UK

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What jobs are most at risk from AI? What new research and chatbot have to say about the future of work

Tech pros give reasons to be optimistic about the future

Evening Standard

Overloaded website prevents UK statistics agency from releasing economic data after markets open

The release of economic data was moved to 7am in 2020, and research has suggested that if the time was reverted, the ONS website could crash

The Guardian - UK

Economic growth forecast to slow amid fears over US tariffs on whisky

Ernst & Young LLP also warned employer national insurance increases could affect investment and hiring decisions.

The Independent UK

Dealmaking slumps in UK amid higher taxes and trade uncertainty

The fall came during a period in which Labour unveiled higher taxes for firms and Donald Trump won the US election promising global trade tariffs.

Evening Standard

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Retail sales bounce back in January as supermarkets see biggest rise since pandemic

Retail sales jumped 1.7% at the start of the year driven by food shopping and online spending

Evening Standard

New estimates reveal children’s knife crime fears

The latest research is based on estimates from the 10 to 15-year-olds Crime Survey for England and Wales in the year ending March 2024.

Evening Standard

Unemployment rate in London is worst in UK, with more than 1.3m adults 'economically inactive'

Revealed: the London MPs with most constituents claiming unemployment benefits

Evening Standard

Inflation jumps to 10-month high, knocking chance of early interest rate cut

Consumer Prices Index (CPI) inflation rose to 3% in January from 2.5% in December.

The Independent UK

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump

Annual house price growth accelerated to 4.6% in December, but some experts said inflation figures released on Wednesday could affect mortgage rates.

Evening Standard

Glencore considers ditching UK stock market listing; air fares, food and private school fees push UK inflation to 3% – as it happened

Glencore considering move to New York or elsewhere where it can ‘get the right valuation;’ UK inflation rises more than expected as meat, bread and cereals become dearer

The Guardian - UK

Rate of inflation jumps to 3% in January in bigger than expected rise

Fuel and VAT on private school bills fuel the Consumer Prices Index

Evening Standard

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The National (Scotland)

Unemployment has risen in Scotland, new figures show

Unemployment in Scotland has risen in the last quarter, new figures show.

The Guardian - UK

Strong wage growth gives Bank of England interest rate dilemma

Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary

Evening Standard

Pay growth picks up pace again despite jobs market worries

The Office for National Statistics said average regular pay surged to 5.9% in the three months to December.

The Independent UK

Wages growth outstrips inflation rate as unemployment rate remains steady

The Office for National Statistics said average regular pay surged to 5.9 per cent in the three months to December

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Evening Standard

Wage growth accelerates in blow to interest rate cut hopes

But the jobs market continued to soften with nearly 50,000 more people looking for work and the unemployment rate rising by 0.1% to 4.4%.

The Guardian - UK

Insolvencies rise in England and Wales amid economic pressures; Lib Dem MP to appeal approval of Thames Water debt restructuring plan – as it happened

Rolling coverage of the latest economic and financial news, as plans to restructure Thames Water are approved by a High Court judge

The Guardian - UK

UK pay growth rises 6% despite job loss warnings after Reeves’s budget

Unemployment rate unchanged in three months to December, while vacancies increased in January

The Independent UK

Rayner’s housing plan at risk as construction sector warns UK does not have workers to build 1.5 million homes

Exclusive: The construction industry has poured cold water on the government’s plans to fix the housing crisis, saying a failure to tackle a growing recruitment crisis is ‘not only short-sighted but also dangerous’

The Independent UK

Why having a spare room is the next battle in the wars between generations

IN FOCUS: The next battle in the generational culture wars is all about cramped flats versus spare rooms. And it’s all too easy to see why young Brits are getting hacked off, argues Helen Coffey

Evening Standard

Fact check: The UK avoided recession in the last two quarters of 2024

Incorrect growth figures, and an incorrect claim that the UK is in a recession, were shared in an online post.

Evening Standard

One in five girls born in 2030 projected to live to at least 100

The gap between male and female life expectancy at birth has fallen from 4.4 years in 1981 to 3.4 years in 2023.

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