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The Latest Breaking News from Office for National Statistics

UK retail sales rebound after Christmas slump; company insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as retail sales in Great Britain rebound by 3.4% in January

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

International Business Times

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UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Al Jazeera

Signs of UK housing market recovery as price falls ease

Price of average property decreased by 1.4% in 12 months to December, says ONS

The Guardian - UK

UK Inflation Holds At 4.0 Percent In January: Data

Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.

International Business Times

UK Inflation Holds At 4% In January: Data

The Consumer Prices Index (CPI) stood at 4.0 percent last month, the Office for National Statistics (ONS) said in a statement.

Latin Times

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Wednesday briefing: How the Rochdale furore exposed claims of factionalism in Labour’s handling of antisemitism

In today’s newsletter: The party has disowned candidate Azhar Ali following his remarks about Israel and Gaza, with accusations of hypocrisy over antisemitism levelled at Starmer’s door

The Guardian - UK

UK pay growth slows less than expected as workers bid up wages

December figures prompt predictions Bank of England may cut interest rates later than previously expected

The Guardian - UK

The Body Shop UK falls into administration; UK wage growth and US inflation hit rate cut hopes – as it happened

The Body Shop has collapsed into administration in the UK, less than three months after it was taken over by a private equity company

The Guardian - UK

Monday briefing: From the UK to South Korea, why people are having fewer babies

In today’s newsletter: Birthrates are falling – and many of the reasons are the same across the world

The Guardian - UK

Recession verdict for UK economy will be no laughing matter for Hunt and Sunak

Figures on GDP, wages and inflation this week are set to offer Labour plenty of scope for criticising Tories’ economic competence

The Guardian - UK

As high interest rates lead to home repossessions, London will be hit hardest

City Comment: Along with unemployment, home repossession is probably the most distressing symptom of recession.

Evening Standard

Labour formally drops £28bn green pledge and blames Tories for ‘crashing the economy’ – as it happened

The announcement ends weeks of speculation about the policy

The Guardian - UK

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International Business Times UK

Unemployment Rate in the UK: Official Figures Show Potential Discrepancy

The new data, derived from experimental results within the Labour Force Survey, could potentially exert pressure on the Bank of England to reconsider any immediate plans for interest rate cuts.

The Guardian - UK

It’s ‘national sickie day’ – is ill-health holding back the UK economy?

ONS figures suggest long-term sickness is preventing more people from looking for work

The Guardian - UK

Should the UK embrace higher net migration or rethink the economy?

If the population is to grow on the scale predicted the UK will need the infrastructure to service a much-expanded citizenry

Evening Standard

OPINION - Immigration will radically alter Britain by 2036 — and we should start talking about it

The really interesting thing about the projections for population growth from the Office for National Statistics this week is the extent it’s not being talked about. In case you missed it, the ONS said that, based on existing trends, the population of Britain is projected to rise by 6.6 million by…

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Evening Standard

Revealed: Impact of London's sky-high rent and mortgage repayments on mental health

One in 10 Londoners say their mental health has been negatively affected by the anxiety of keeping up with their rent or mortgage, the highest proportion of any region in Britain, figures show.

Evening Standard

Population to reach 74 million by 2036 after 'unprecedented migration' levels

Projected increase almost entirely down to net migration, ONS says

The Guardian - UK

‘Now even smaller’ and ‘All new, worse recipe’: these are the labels you won’t see on food – but you should

Firms that trumpet larger packets and improved formulas should also be frank about the shrinkflation that is giving the consumer less, says Hilary Osborne, the Guardian’s consumer and money editor

The Guardian - UK

Shoplifting rate in England and Wales hits highest level in more than 20 years

Police recorded 402,482 shoplifting offences in 12 months to September, ONS figures reveal

Evening Standard

London overseas tourist numbers grow to post-Covid peak

However, spending is at a new level with £4.688 billion spent in shops, hotels, restaurants and attractions

Evening Standard

Tax cuts are tempting, but Hunt must act for the long term

City Comment: Long after the dust has settled on the election, the Chancellor will be judged on whether he delivered a responsible and sustainable Budget

The Guardian - UK

Tata Steel accused of ‘industrial vandalism’ over plan to cut up to 2,800 UK jobs – as it happened

Tata Steel confirmed plans to close two Welsh blast furnaces and cut up to 2,800 jobs

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