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The Latest Breaking News from Office for National Statistics

‘Limited’ evidence that pay rises are to blame for inflation of goods, ONS says

Fast-rising wages have been a major subject of concern for the Bank of England, which fears the public’s pay is rising too fast to bring inflation back down to the 2% target

Evening Standard

When is the next interest rates announcement and will there be an increase?

To counteract rising inflation, the Bank of England had increased interest rates over the past year until September and there will be a review this Thursday

Evening Standard

OPINION - The next recession may have already begun

If the UK economy soon slips into recession, we will likely gesture vaguely at summer – such as it was – for when the contraction began. GDP shrank by 0.5 per cent in July, the sharpest decline since December, with services, production and construction all shrinking.

Evening Standard

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Watch: Sunak faces Starmer at PMQs as UK economy shrinks

Watch as Rishi Sunak faces Sir Keir Starmer at Prime Minister's Questions (PMQs) on Wednesday, 13 September.

The Independent UK

Recession 'can't be ruled out' as UK economy shrinks at quickest pace in seven months

THERE are renewed concerns that the UK could be facing a recession as the latest figures show the

The National (Scotland)

Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The Guardian - UK

Recession fears as UK economy shrinks by more than expected in shock decline

Summer washout hits retail and construction sectors – but chancellor insists there are ‘reasons to be confident’

The Independent UK

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‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

Evening Standard

Revealed: London’s best boroughs for renting families, with low crime and good schools

Research reveals where the growing army of renters with kids should be looking for property in the capital

Evening Standard

The pensions triple lock has been halted before – just not this close to an election

The formula was temporarily stopped after the Covid lockdown but doing so again may upset pensioners at the ballot box

The Guardian - UK

Ministers discuss winter preparations amid NHS pressures and high energy bills

Waiting times in the health service and energy security were among issues on the agenda at the Tuesday meeting.

The Independent UK

Are disposable vapes going to be banned? Studies reveal alarming rise in vaping among Brits

Record levels of people in the UK use vaping products – but what could next year’s ban mean?

Evening Standard

Ministers considering way to cut cost of triple lock pension increase

The rise could be limited to around 7.8% rather than an 8.5% increase in line with average earnings.

The Independent UK

Bank of England likely to raise interest rates again after fast wage growth, but it could be the last hike

Today, City financial markets were pricing in the likelihood of a further hike at around 75%

Evening Standard

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The Guardian - UK

UK jobs market ‘on the turn’ as unemployment rises; ‘terrifying’ increase in mortgage arrears – as it happened

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

The Guardian - UK

UK pay rises at record rate despite growth in unemployment

Figures will add to Bank of England’s dilemma over whether to increase interest rates again next week

The Independent UK

Dismal annual earnings for around half of musicians revealed

More than half of musicians support themselves with an alternative source of income, according to new findings

The Guardian - UK

UK MPs press for wider Covid vaccine access amid concern over new variant

Government faces calls to consider extending booster programme this autumn to include 50-64 age group

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The Conversation

The UK economy's COVID bounceback was stronger than we thought – but here's why people are still feeling financial pain

The UK has been transformed from the laggard of developed economy COVID recoveries, after a recent data revision by the Office for National Statistics (ONS) showed its growth was stronger than previously thought after the pandemic-era lockdowns. The country’s gross domestic product (GDP), a measure of national income that was…

Evening Standard

Number of young Londoners smoking halves in decade amid rise in vaping

New figures reveal wide differences in smoking rates across London boroughs

The Independent UK

Fears over new ‘Pirola’ Covid variant as scientists warns UK has ‘let our guard down’

Jury still out on whether UK is set to face ‘a major wave’, amid hopes expedited booster will be effective against new variant ‘Pirola’

Evening Standard

‘Worrying’ rise in vaping among teenagers and young adults, data suggests

Figures show the number of cigarette smokers has dropped, although a charity said the rate is ‘not nearly fast enough’

Evening Standard

Poor ONS forecasts could be hurting our economy

City Voices: Investment decisions have already been made based on the incorrect economic analysis

Evening Standard

Jeremy Hunt: Inflation may rise next month but our plan is working

Rishi Sunak set a goal to halve inflation from 10.7 per cent in January

The Guardian - UK

UK’s growth is a silver lining – and the clouds suggest recession looms

The chancellor says the economy is resilient but forward-looking indicators suggest otherwise

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