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The Latest Breaking News from Office for National Statistics

Wet weather dampens retail sales in Great Britain

Shoppers shun high street as quantity of goods bought falls 1.2% month on month in July

The Guardian - UK

Rise in UK company profits puts Bank’s stance on prices under scrutiny

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

The Guardian - UK

Birthrate in England and Wales drops to lowest level in two decades

ONS figures for 2022 also show record proportion of babies whose mothers were born outside UK

The Guardian - UK

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Live births fell to lowest level for two decades last year

The statistics also show India has replaced Romania as the most common country of birth for mothers born outside the UK.

The Independent UK

UK economy faces 'very real risk' of recession despite inflation slowing, experts say

ECONOMISTS have warned that the UK faces a “very real risk” of recession due to higher interest rates - despite inflation slowing to its lowest…

The National (Scotland)

What is inflation and what is its current rate in the UK and Europe?

Slowdown in price rises comes as somewhat of a relief to families struggling amidst cost of living crisis

The Independent UK

What falling inflation means for your mortgage

Consumer Price Index falls 1.1 per cent in a month but core inflation remains stubbornly high, meaning further interest rate rise likely

The Independent UK

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What does the slowdown in inflation mean for UK households?

The Consumer Prices Index fell to 6.8% in July from 7.9% the previous month.

The Independent UK

Is the worst finally over? Relief for Rishi Sunak as inflation falls - but warning on further rate rises

Wage rises overtake inflation but interest rate hikes still loom

Evening Standard

London house prices fall, with rest of UK ‘doomed to follow’ as inflation cools

UK house price inflation slowed to 1.7% in June, according to official data.

The Independent UK

City warns on ‘sticky’ core inflation after drop in CPI

Analysts were also alarmed by the services consumer price index

Evening Standard

UK inflation slows to 17-month low but remains significantly above target

Inflation slowed to its lowest for 17 months in July due to a fall in energy prices and a slowdown in food price increases, according to official…

The National (Scotland)

UK facing ‘high’ risk of recession despite inflation dropping to 6.8% – as it happened

UK inflation has dropped to its lowest since February 2022, following cut in energy price cap, but IPPR warns economy could fall into recession

The Guardian - UK

Inflation falls to 6.8% in July - mostly driven by lower energy prices

The fall raises hopes the worst of the cost of living crisis may be over

Evening Standard

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The Independent UK

Inflation expected to slow down again as Bank of England grapples with record increase in wages

Consumer Prices Index inflation is predicted to be 6.7% for July, down from 7.9% in the previous month

The Independent UK

Inflation expected to slow down again after energy price fall

Consumer Prices Index inflation is predicted to be 6.7% for July, down from 7.9% in the previous month.

The Guardian - UK

UK basic wage growth hits record high; Russia’s central bank lifts rates to 12% – as it happened

UK regular pay growth highest since 2001 while unemployment rate rises unexpectedly; rouble recovers afters Bank of Russia raises rates at extraordinary meeting

The Guardian - UK

Bank of England under pressure to raise rates after record jump in basic pay

ONS data shows employers shed workers on back of slowdown in economic activity

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news in one place.

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The Independent UK

Bank of England may hike interest rates after record increase in wages

Regular pay grows by 7.8 per cent in three months – sparking ‘migraine’ for central bank

Evening Standard

FTSE 100 Live: ‘Little doubt interest rates rise again’ after record pay growth, unemployment up to 4.2%

The UK unemployment rate rose to 4.2% in June, it was revealed today, despite expectations that it would remain at 4%.

The Guardian - UK

Trade deficit in danger of being sidelined in UK’s fight against inflation

Only serious, long-term business investment will help structural problems and inequalities

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

The Independent UK

Rishi Sunak’s five pledges hanging in the balance after several setbacks

Shortly after moving into No 10, the Prime Minister invited the British public to judge him on five key promises.

The Guardian - UK

UK economy grows faster than expected after surprisingly strong June

GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS

The Independent UK

‘Women short-changed as 65% of weekly working hours ignored in official data’

Oxfam said unpaid caring and domestic responsibilities are rendered invisible in the formal economy and not valued properly.

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