The Latest Breaking News from Office for National Statistics

UK pay growth leaps to 5.2%, reducing chances of interest rate cut

Rise in wages for skilled workers in manufacturing sector drives increase, but vacancies fall again

The Guardian - UK · Dec 17, 2024

Wage growth rebounds but signs point to ongoing jobs market weakness

Official figures show regular earnings growth jumped to 5.2% in the three months to October, up from 4.9% in the previous three months.

Evening Standard · Dec 17, 2024

Company insolvencies rise across England and Wales; interest rate cuts less likely after UK pay growth accelerates – as it happened

UK wage growth has risen to 5.2% per year, making Bank of England highly likely to leave interest rates on hold on Thursday

The Guardian - UK · Dec 17, 2024

Labour reels from shock 0.1% fall in GDP in October

Rachel Reeves admits that the fall in output in the same month as the Budget is “disappointing”

Evening Standard · Dec 13, 2024

UK economy shrinks again in another blow to Reeves, new figures show

The Office for National Statistics (ONS) said output fell by 0.1 per cent in October

The Independent UK · Dec 13, 2024

UK economy unexpectedly declines as services sector stalls

The Office for National Statistics said gross domestic product contracted 0.1% in October.

Evening Standard · Dec 13, 2024

Map: Where does your area rank in the most and least affordable areas to buy a house?

The Independent has analysed average house prices and salaries in each local authority district across the country to find the most and least affordable places to live

The Independent UK · Dec 10, 2024

Low income families 'must save for 35 years to buy average London home', official figures show

Households on the median income decile in the capital (£37,632) would have to save their income for 14.1 years

Evening Standard · Dec 9, 2024

Cost of buying average home in England now unaffordable, warns ONS

Only richest 10% can afford to buy as figures show average household needs 8.6 times disposable income to meet asking price

The Guardian - UK · Dec 9, 2024

Homes in England cost 18.2 times incomes of lowest 10% of households on average

A Labour MP said the figures ‘demonstrate the staggering scale of our country’s housing crisis’.

Evening Standard · Dec 9, 2024