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The Latest Breaking News from Office for National Statistics

£18bn borrowing costs at four-year high as Reeves’s Budget headache worsens

The Office for National Statistics says public sector net borrowing in December was up £10.1bn on a year earlier

The Independent UK

Borrowing surges to four-year high in blow to Chancellor

The Office for National Statistics said public sector net borrowing stood at £17.8 billion last month, up £10.1 billion on a year earlier.

Evening Standard

Is UK jobs market already showing warning lights over Reeves budget?

Reports that government could weaken employment rights bill as NI rise prompts fears of redundancies

The Guardian - UK

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Wage growth accelerates despite flagging jobs market

Official figures revealed that average regular pay surged again, to 5.6% in the three months to November.

Evening Standard

Wage growth accelerates to 5.6% in new headache for the Bank of England

The surge will complicate the Bank of England’s decision on interest rates next month

Evening Standard

UK pay growth rises despite firms cutting jobs after budget

Labour market figures add to dilemma for Bank of England as it considers interest rate cuts

The Guardian - UK

Rising numbers of people with mental health issues receiving employment advice

NHS talking therapies are designed to help people with conditions such as anxiety and depression and can link patients with employment advisers.

Evening Standard

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Lord Rose slams WFH as 'not proper work' and warns it's set the UK back 20 years

The number of people working from home has doubled since before the pandemic despite employers’ efforts to draw people back to the office

Evening Standard

Landlords warn rents will rise ‘fairly significantly’ in response to Labour’s Renters’ Rights Bill

The government’s Renters’ Rights Bill will bring in measures landlords will need to ‘price in’ to rents charged, claims an industry figure

The Independent UK

Long waits in A&E departments ‘increase risk of dying within 30 days’

The odds may be even higher for certain groups of the population, including young adults, research suggests.

Evening Standard

Food stores in Great Britain have worst Christmas since 2013

Overall retail sales volumes fall by 0.3% in December amid weak ‘golden quarter’ of trading

The Guardian - UK

FTSE 100 share index hits record high; relief for Rachel Reeves as UK borrowing costs fall – as it happened

Rolling coverage of the latest economic and financial news, as Britain’s blue chip share index hits new peak of 8533 points

The Guardian - UK

Retail sales fell 0.3% in December in new economy setback for Reeves

Weak consumer confidence appears to have hit spending in key month for the high street

Evening Standard

Renting in London: the cheapest boroughs for tenants in 2025

London rent is straining budgets, with outer boroughs offering more affordable options as central rents rise, predicts Savills and Hamptons.

Evening Standard

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The Independent UK

UK politics live: Labour announce rapid national grooming gang review in partial climb down as Musk responds

Home secretary’s announcement marks partial government climbdown on grooming gangs scandal

International Business Times

UK Economy Rebounds But Headwinds Remain For Govt

Britain's economic growth rebounded less than expected in November, official data showed Thursday, dealing a fresh blow to a Labour government that is battling headwinds.

Evening Standard

UK economy sees weaker-than-expected growth in November

The Office for National Statistics estimated the UK economy grew in November by 0.1% after falling by 0.1% in both September and October.

Evening Standard

Rachel Reeves hit by major new setback as 0.1% GDP growth disappoints

The growth will do little to ease fears of a possible technical recession for the UK economy over the winter

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Evening Standard

Why has inflation fallen and why is this good news for the Government?

The latest data has raised expectations that the Bank of England could cut UK interest rates again next month.

Evening Standard

London was the only UK region to see house price falls in year to November 2024

A surprise slowing in inflation has boosted hopes that mortgage rates could ease

The Independent UK

Annual UK house price growth accelerated in November – ONS

A surprise slowing in inflation has also boosted hopes that mortgage rates could ease.

International Business Times

UK Inflation Dips, Easing Some Pressure On Government

Britain's annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest.

Evening Standard

Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil

Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.

Evening Standard

UK inflation unexpectedly falls to 2.5% in December

The rate of Consumer Prices Index inflation fell to 2.5% in December from 2.6% in November, the Office for National Statistics said.

The Guardian - UK

Post-Christmas blues as UK bosses try to turn back clock on hybrid working

Amazon mandates full five days and BT and Asda want staff in the office three times a week – but not everyone is convinced

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