Tag: Office for National Statistics

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Britain’s Economy Grows 0.6% in Q2 2024, Meeting Expectations, UK

Britain's economy grows 0.6% in Q2 2024, meeting expectations. Find out how the recovery is progressing and the outlook for the rest of the year.

UK Retail Sales Plunge 3.2% in December, Raising Recession Fears – Official Data

UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.

UK Consumer Inflation Rises to 4.0% in December, Surpassing Expectations

UK consumer inflation exceeds expectations, rising to 4.0% in December, driven by a hike in tobacco duty. Economists predict inflation will decline in the coming months, potentially leading to an interest rate cut.

UK Economy Recovers in November, But Recession Fears Linger

UK economy grows in November on the back of services and production sectors, but fears of recession linger as December may see a downturn.

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UK Economy Shows Unexpected Growth in Q2, Still Lags Behind Peers

UK economy grows unexpectedly, but remains behind peers. Sustained momentum needed for strong recovery. Read more to learn how to stimulate growth.

British Economy Surprises with 0.2% Growth in Q2, Fueled by June’s Record-Breaking Heatwave, UK

Surprising growth in the British economy defies expectations, fueled by a rebound in the leisure sector and record-breaking heatwave in June. Concerns remain for businesses as wet weather in July may reverse their fortunes. Rising interest rates and inflationary pressures pose challenges.

UK Economy Surges 0.2% in Q2, Fueled by Car Manufacturing Recovery

UK Economy Sees Surprising Q2 Growth with Car Manufacturing Recovery - Positive signs for UK's economic recovery and resilience as car manufacturing sector plays crucial role in boosting GDP. Future progress hinges on managing uncertainties and supporting affected sectors.

UK Government Debt Surpasses Economic Output, First Time in 60 Years

UK government's debt surpasses economic output after 60 years - implications for future prosperity and economic recovery analyzed. #UKdebt #economicoutput

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