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The Latest Breaking News from Office for National Statistics

Varoufakis Warns Future UK Leaders Face Financial Constraints From Bond Markets

Rising debt servicing costs in the UK are constraining future public spending, with economists highlighting the influence of global financial markets on borrowing conditions and fiscal policy.

International Business Times UK

Brexit, 10 years later: 7 prime ministers, a shrinking population, and a 6%-8% smaller economy

Keir Starmer’s resignation will give the U.K. its seventh prime minister since the Brexit vote 10 years ago—a period that has reshaped the country's population and economy.

Fortune

ONS admits fresh error impacting upcoming jobs data

The organisation said issues linked to surveys being used to inform data will lead to a ‘reduced quality’ in its statistics released in July.

Evening Standard

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FTSE 100 dips as bonds struggle after Burnham win

The FTSE 100 closed down 36.43 points, 0.4%, at 10,363.27.

Evening Standard

Zoopla data shows we’re about to hit peak season - here’s how to beat the rental rush and secure your next home

Rentals follow different ‘busy seasons’ to buying on the property market - and we’re heading into the peak

The Independent UK

Shoppers splash out on fans and paddling pools as retail sales in Great Britain hot up

May heatwave drives up volume of sales 1.2%, the strongest monthly growth since January, says ONS

The Guardian - UK

UK retail sales beat expectations amid hot weather boost

The total volume of retail sales, which measures the quantity bought, rose by 1.2% last month.

Evening Standard

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UK Government borrowing jumps as debt interest costs hit record May high

The ONS said borrowing was nearly a third (30.4%), or £5.4 billion, higher than a year earlier at £23.3 billion in May.

Evening Standard

UK borrows more than expected as impact of Iran war takes toll

May figure of £23.3bn underlines challenge facing Andy Burnham if he ends up as Labour leader

The Guardian - UK

City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened

UK budget deficit is running higher than forecast; borrowing costs rise after Makerfield byelection as US-Iran talks are called off

The Guardian - UK

Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision

The Guardian - UK

UK vacancies fall to lowest for five years as wages grow faster than expected

Employers wary of hiring permanent staff but unemployment eased to 4.9% in the three months to April

The Guardian - UK

Vacancies tumble to lowest in five years – ONS

The Office for National Statistics said vacancies tumbled by 19,000 to 707,000 in the three months to May.

Evening Standard

Unemployment in surprise fall but job vacancies hit lowest level in five years

The Office for National Statistics said vacancies tumbled by 19,000 to 707,000 in the three months to May

The Independent UK

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Evening Standard

Sharp 3.8% annual rise in house prices recorded in April as experts explain why

The average property value surged by 9.9% annually in the North East of England in April.

The Independent UK

Why has inflation remained flat and where will it go from here?

The Office for National Statistics said Consumer Prices Index inflation was 2.8% in May, remaining at the same rate as in April.

The National (Scotland)

UK inflation holds steady despite Iran war disruption hitting fuel costs

UK inflation unexpectedly flatlined last month as a slowdown in food price rises offset pressure from airfares, according to official figures.

Evening Standard

Inflation holds steady at 2.8% as food price rises ease

The rate of inflation was lower than expected by economists, who had predicted an uptick in inflation to 3%.

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The Independent UK

UK inflation rate remains unchanged at 2.8% despite soaring air fares

The figures come as a surprise to most economists who had expected the data to show a rise to 3 per cent

AAP

AAP Rolling News Bulletin June 13, 1700

AAP Rolling News Bulletin for June 13 at 1700

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