Office for National Statistics

UK GDP falls by ‘worse than expected’ 0.5% in July

The UK economy shrunk by a “worse than expected” 0.5% in July as poor weather and industrial strikes impacted production,…

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Wage growth starts to outpace rate of inflation

Pay growth has caught up with the rate of inflation for the first time in nearly two years, as wages…

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Poor weather drags down retail sales 1.2% in July

Retail sales volumes are estimated to have fallen by 1.2% in July 2023 following a rise of 0.6% in June…

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Inflation falls for second consecutive month to 6.8%

Inflation fell for the second consecutive month in July to 6.8%, down from 7.9% in June, as the energy price…

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UK economy grows by 0.2% in Q2

The UK economy has grown faster than expected in the three months to June, new figures from the Office for…

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Hot weather boosts June retail sales

June retail sales beat forecasts in June, rising 0.7% compared with predictions of 0.2%, as hot weather helped encourage shoppers.…

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Inflation falls faster than expected in June

The rate of price rises has fallen to 7.9% in June, down from 8.7% in May, according to the latest…

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UK economy shrinks in May

The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the…

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Bank holidays boost May retail sales

Retail sales volumes are estimated to have risen by 0.3% in May 2023, beating analysts’ forecasts amid a welcomed boost…

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Inflation fails to fall in May

Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices would continue to…

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