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The Latest Breaking News from Office for National Statistics

Campaign catchup: Conservative manifesto; Farage pelted again; Green candidate defects

In today’s newsletter: Breaking down what was in the Tory manifesto, more items lobbed at the Reform leader, and a surprising defection in Scotland

The Guardian - UK

Strong wage growth will further delay cut in UK interest rates, City believes

First cuts not expected until late summer or early autumn despite evidence jobs market is cooling

The Guardian - UK

Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened

Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021

The Guardian - UK

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Immigration: how 14 years of Tory rule have changed Britain – in charts

Net migration is more than two and a half times the 2010 figure despite a string of Tory pledges to reduce it

The Guardian - UK

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

The Guardian - UK

COVID vaccines saved millions of lives – linking them to excess deaths is a mistake

A recent study has sparked another round of headlines claiming that COVID vaccines caused excess deaths. This was accompanied by a predictable outpouring of I-told-you-sos on social media.

The Conversation

Watchdog ends investigation into description of UK economy ‘going gangbusters’

Exclusive: ONS official’s remarks, not intended as comment on overall state of the economy, were later used by Sunak

The Guardian - UK

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Former Tory minister says government has presided over 15 years of wage stagnation

Matt Warman said at an event in February there were now two ‘catch-up generations’

The Independent UK

ONS dealing with 20% staf exodus weeks after facing strikes over return to office orders

Headcount has dipped at the ONS at the same time as the stats body fights with staff over office attendance.

Fortune

Soaring costs of dementia care demand urgent action

City Voices: Dementia research still receives less funding than many other conditions

Evening Standard

Washout for UK retailers in pre-election blow for Rishi Sunak

Retail sales across the UK plunged by 2.3 per cent in April, following a 0.2 per fall in March, figures revealed

The Independent UK

Retail sales tumble across Britain amid cost of living squeeze and wet weather; energy price cap falls 7% – as it happened

Retail sales slumped by more than expected in April as rain kept shoppers away from the high street

The Guardian - UK

No deportations to Rwanda before July 4 despite millions spent, Rishi Sunak says

NO asylum seekers will be deported to Rwanda before the General Election on July 4, Rishi Sunak has confirmed – essentially guaranteeing that the…

The National (Scotland)

Where the inflation and national debt figures leave Sunak’s five priorities

Most of the Prime Minister’s five priorities had not been achieved by the end of last year.

The Independent UK

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The Guardian - UK

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Independent UK

UK house prices rise for the first time in a year, new ONS figures reveal

Average house price across the UK are now £283,000, according to the ONS

Evening Standard

Blow to interest rate cut hopes as inflation remains above Bank of England target

The sharp fall in the Consumer Prices Index was driven by the lower energy price cap an lower food bills

Evening Standard

Nine in ten pensions get worse returns than simple all-share tracker fund

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The Guardian - UK

Jeremy Hunt and Mel Stride warn against benefits ‘lifestyle choice’

Ministers ramp up anti-welfare rhetoric a day after data showed increase in UK unemployment

Evening Standard

Jeremy Hunt hails wage rises outstripping inflation for 10th month in a row as economy bounces back

Official figures on the ‘wages recovery’ come just days after GDP growth jumped 0.6% in first three months of the year

The Guardian - UK

UK real pay grows at fastest rate in two years as unemployment rises

Figures provide mixed message for Bank of England when it considers interest rate cut next month

The Guardian - UK

Bank of England chief economist hints at summer rate cut; Tesco CEO’s pay doubles to nearly £10m– as it happened

Latest UK labour market report shows more people out of work, or economically inactive, but wage growth remains higher than inflation

The Guardian - UK

The cost of living crisis has made the UK a poorer, more anxious nation – and worse is yet to come

Instead of buy-one-get-one-free offers, everyday life now involves carefully comparing prices and feeling increasingly powerless, says Guardian columnist Andy Beckett

The Guardian - UK

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Heavier drinking during Covid led to 2,500 more deaths from alcohol in 2022 – ONS

Official UK figures show 33% jump in deaths from alcohol-specific causes from 2019 – the highest since records began in 2001

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