New data has revealed that while the UK did enter a recession last year, it was slightly less severe than financial experts thought. The Office for National Statistics (ONS) has released revised ...
LONDON (Reuters) - British gross domestic product was unchanged in the final three months of 2022, figures from the Office for National Statistics showed on Friday. By David Milliken and William ...
The economy shrank by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession if it fails to grow for two ...
The U.K. economy sank into a recession in the final six months of 2023, marking it out as one of the weakest performers among developed nations, hit by high inflation and interest rates that ...
LONDON, March 28 (Reuters) - Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters ...
Britain’s gross domestic product (GDP) decreased slightly in the period between October and December last year, official figures show. The Office for National Statistics (ONS) revealed the ...
The UK economy fell into recession during the final three months of 2023, according to official figures. However, the Bank of England has since suggested that the downturn might already be over.
Despite a rise in disposable income, household expenditure actually fell as people replenished their savings accounts and paid down debt. Households will have more cash to splash this year after ...
It has been confirmed that the UK economy went into recession at the end of last year. The Office for National Statistics (ONS) says that GDP shrank by 0.3% in the last three months of the year.
The revised data shows gross domestic product (GDP) was 0.4% higher in the last three months of 2023 compared to a year earlier. Provisional figures released last month indicated the second ...
People spending less, doctors' strikes and a fall in school attendance dragged the UK into recession at the end of last year, official figures show. The economy shrank by a larger than expected 0. ...