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The Latest Breaking News from Office for National Statistics

Average five-year fixed mortgages now cheaper than two-year deals

The Office for National Statistics (ONS) said the average house price increased by 1.3 per cent

The Independent UK

Average two-year mortgage rates are now higher than typical five-year deals

The conflict in the Middle East is causing concerns over path of interest rate setting, Moneyfacts said.

Evening Standard

FTSE 100 Live 25 March: Markets rally, inflation steady before oil price shock

Stocks today rallied after the price of oil fell on hopes of a de-escalation of the Middle East conflict.

Evening Standard

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UK inflation remains steady prior to impact of Iran conflict

The rate of Consumer Prices Index inflation was unchanged from the 3% level reported in January, the Office for National Statistics said.

Evening Standard

Weight loss jabs could be to blame for declining fish and chips sales

Sales of fish and chips fell by 21 per cent in 2024 compared with the previous year, according to ONS data

The Independent UK

Unemployment total in London surges to equivalent of a city the size of Leicester

London’s jobless total has risen far faster than almost any other region since Labour came to power

Evening Standard

Wage growth falls to lowest level for five years but Iran war will stall interest rate cut

The Office for National Statistics said regular earnings growth fell back to 3.8% in the three months to January

The Independent UK

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Wage growth tumbles to lowest level for more than five years – ONS

The Office for National Statistics said regular earnings growth fell back to 3.8% in the three months to January.

Evening Standard

UK pay growth sinks to five-year low as younger workers hit by hiring slowdown

Unemployment holds steady, but Bank of England is unlikely to be convinced by ONS data to cut interest rates

The Guardian - UK

Reeves to push for ‘deeper relationship with the EU’ as she makes major AI pledge

Chancellor to push for stronger EU ties in bid to grow Britain’s economy

The Independent UK

Sobering times: alcohol-free beer added to UK inflation basket

Hummus and pet grooming also join list of goods and services used to help judge the impact of rising prices

The Guardian - UK

Houmous and non-alcoholic beer join basket of items used to track UK inflation

A big shake-up to the data this year will also mean millions of prices will be automatically collected from supermarket tills.

Evening Standard

Europe’s fertility rates keep falling: Which countries have the highest rates and biggest drops?

Euronews Health takes a closer look at declining fertility rates across Europe. Experts point to multifaceted reasons behind the decline, and Europe is not alone in facing this trend.

Euronews

Labour appears to back recording Sikh as ethnicity in UK census

The UK government is considering a campaign by British Sikh groups and MP Preet Kaur Gill to record Sikhs as an ethnicity, not just a religion. This move, supported by Cabinet Office minister Satvir Kaur, aims to better understand and address inequalities and discrimination faced by the Sikh community.

The Times of India

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Evening Standard

Fact check: No reliable data exist to compare incomes of homes with heat pumps

A 2024 evaluation asked heat pump grant recipients about their incomes.

The Guardian - UK

Starmer says government will step in if fuel companies rip off customers as trade body U-turns on decision not to meet Reeves – as it happened

The prime minister issues the statement after a fuel trade body earlier withdrew from a meeting with the chancellor today

Evening Standard

Economy stagnates in January ahead of Iran war and fears over UK impact

Experts warned a prolonged Middle East conflict and an ongoing spike in oil prices could send the economy into reverse in 2026.

The Independent UK

UK economy flatlines unexpectedly in January

The Office for National Statistics said there was zero growth in gross domestic product in January.

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Evening Standard

Reeves: ‘Valid’ to say national insurance hike should not have happened

However, the Chancellor insisted the move announced in 2024 was needed to put money into public services.

The Independent UK

Rachel Reeves accepts ‘valid’ criticism against major Budget tax hike

The Chancellor defended her key policy before Parliament’s Treasury Committee

The Independent UK

This is how migration has affected the UK population this decade

One in 30 people living in the UK today arrived in the space of just four years, says Home Secretary

The Guardian - UK

Dissatisfaction with life in UK unchanged since Covid, official data shows

Average life satisfaction still below pre-pandemic peak despite improving economic outlook, reports ONS

The Guardian - UK

UK parents fear young will be worse off for first time in a century, ex-minister warns

Alan Milburn says people feel ‘social contract is being broken’ as number of Neets climbs to 957,000

Evening Standard

Increase in young people not in work, education or training

The ONS said the number of so-called Neets aged 16 to 24 was reported at 957,00 in the three months from October to December.

The Independent UK

Revealed: The foods that have shot up in price the most in cost of living crisis

Exclusive: The top-rising food is a relative newcomer to official inflation statistics

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