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The Latest Breaking News from Office for National Statistics

Chancellor will have to raise taxes despite lower borrowing, say economists

Official figures released on Thursday showed that UK state borrowing slowed to £1.1 billion in July, providing some relief for the Chancellor.

Evening Standard

Rachel Reeves warned against cutting tax-free pension lump sum as she seeks to raise billions

Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of £268,000 – but that could change as Reeves attempts to claw back billions

The Independent UK

Action to tackle number of asylum seekers coming to UK is important step to ‘restoring order’, says Cooper – as it happened

Home secretary responds to statistics showing rise in number of people housed in hotels in UK, saying Labour has overseen increased numbers of returns of asylum seekers

The Guardian - UK

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Government borrowing less than expected in July in boost for Reeves

The Office for National Statistics said the borrowing of £1.1 billion is the lowest July figure for three years.

Evening Standard

FTSE 100 Live 21 August: WH Smith error hits shares, Hays slashes dividend

An accounting error at WH Smith and dividend reset by Hays today put their midcap shares in the spotlight during another record session for the FTSE 100 index.

Evening Standard

Strongest rise in UK business activity in a year while hiring falls; WH Smith shares crash 40% on accounting error –as it happened

Government borrowing falls to £1.1bn in July as tax receipts rise, but chancellor remains under pressure

The Guardian - UK

UK borrowed less than expected in July in lift for Rachel Reeves

Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budget

The Guardian - UK

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FTSE 100 at new peak despite fading rate cut hope

The FTSE 100 index closed up 98.92 points at 9,288.14.

Evening Standard

Do big gigs alter economies? What the Oasis tour reveals about how we spend

When Oasis returned to British stadiums this summer, hotel prices around venues jumped and flights filled fast. Commentators predicted that economic figures could show an “Oasis bump” – and indeed, air fares were the biggest driver of July’s inflation rise to 3.8% from 3.6% in June.

The Conversation

Why inflation has risen above expectations – and what it means for you

Rachel Reeves has said there is ‘more to do to ease the cost of living’ following the latest figures

The Independent UK

House price rises accelerated in June as stamp duty disruption eased

The average UK house price increased by 3.7% to £269,000 in the 12 months to June.

Evening Standard

House price inflation accelerated in June as stamp duty disruption eases

The average UK house price increased by 3.7% to £269,000 in the 12 months to June.

The Independent UK

Why has inflation risen and what does it mean for households?

July’s inflation rate of 3.8% means that if an item cost £100 a year ago, it would now cost £103.80.

Evening Standard

Inflation rose 'more than expected' in July as Chancellor admits 'more to do'

Inflation in the UK has risen by more than expected in July, according to the latest official figures ...

The National (Scotland)

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Evening Standard

UK inflation rises to 3.8% in July as rail passengers face crippling 5.8% fares rise next year

Retail Prices Index - normally used as a baseline for annual regulated train fire hikes - is revealed to have shot up from 4.4% in June to 4.8% in July

The Independent UK

UK inflation rises by more than expected as summer travel bumps up air fares

Consumer Prices Index inflation increased to 3.8% in July, from 3.6% in June, the Office for National Statistics said.

International Business Times UK

Rent Crisis: Britons Forced to Spend Over a Third of Salary on Housing – Here Are the UK's Priciest Areas

New ONS figures reveal renters in England spend 36.3% of income on housing, with London tenants paying 41.6% — and some boroughs like Kensington and Chelsea swallowing more than 70%.

Evening Standard

FTSE posts new closing high as falls in defence stocks are offset by retail gains

In London, defence stocks fell sharply amid hopes of peace in Ukraine with Babcock International, BAE Systems and Rolls-Royce all down.

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Evening Standard

ONS delays retail sales data to address quality issues

It is the latest in a string of setbacks regarding data published by the statistics body.

The Independent UK

Why victim satisfaction with police is at historic low

People reporting seeing officers regularly on the beat in their neighbourhood is at its lowest level since records began

Evening Standard

Victim satisfaction with police at historic low, survey suggests

Satisfaction levels were just 26% for victims of theft from the person.

Evening Standard

'Singles events are like a meat factory': What young men really think about dating in the capital

Male-scepticism is rife among straight female daters, with many women giving up on relationships entirely. But do they really have the worse end of the stick, or is it just as hard for guys? Arielle Domb meets some of London’s bachelors to find out

Evening Standard

UK economy bigger than previously estimated by end of 2023 – ONS

The ONS said revised data showed that the economy was 2.2% bigger than its peak shortly before the coronavirus pandemic.

The Guardian - UK

Tenants in England spending ‘unaffordable’ 36% of income on rent, shows survey

ONS figures for 2024 show top 10 least affordable areas all in London (42% of income) while most affordable region was north east (20%)

Evening Standard

Renters now pay 41% of income to live in London while affordability worsens across England

London is the least affordable city with average rents of £1,957 per month across the capital, or 41.6 per cent of a typical renter’s income

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