UK Public Sector Borrowing Plunges by an Annual £4.9 Billion in November
(ONS) The UK recorded a total of 17.4 billion pounds in public sector net borrowing in November, a 4.9 billion pounds decline from the prior year. The borrowing rate in…
UK Retail Sales Beat Forecasts After 1.4% Jump in November
(ONS) The volume of retail sales in the UK increased by 1.4% in November, higher than the expected gain of 0.8%. Sales volumes in non-food stores increased by 2.0%, led…
UK Annual Inflation Jumps 5.1% in November Despite Falls in Producer Prices
(ONS) Consumer prices in the United Kingdom increased by 5.1% in the year to November 2021, surpassing 4.1% posted the previous month. Including owner occupiers’ housing costs, consumer prices increased…
UK Job Numbers Jump by a Record 257,000 in Nov. Pushing Unemployment Lower
(ONS) The UK added 257,000 jobs in November, a record since 2014, taking the total number of employees in the country to 29.4 million. The rise in payroll numbers in…
UK House Prices Starts December With a 0.7% Dip
(Rightmove) Property prices in the UK fell by 0.7% or 2,234 pounds in December as sellers geared up for a return to normal market conditions next year. Valuation requests from…
UK’s Economy Grows at a Below Estimate 0.1% in October as Headwinds Persist
(ONS) UK gross domestic product expanded by 0.1% in October, missing expected 0.4% growth with headwinds in construction and industrial production. GDP had grown by 0.6% in September. Industrial output…
Houses Prices in the UK Mark a 10% Annual Gain in November
(Nationwide) The UK posted a 10.0% increase in house prices in November from the prior year, a marginal gain from 9.9% recorded in October. House prices now stand at 252,687…
UK Retail Sales Rise by 0.8% in October as Online Transactions Fall
(ONS) The volume of retail sales in the UK in October rose by 0.8% from September, marking the first increase after several months of declines. Non-food stores posted a 4.2%…
UK Inflation on a Decade High After an Annual 4.2% Jump in October
(ONS) UK Consumer Price Index jumped by a decade record 4.2% in the 12 months to October, higher than 3.1% posted in the previous month. The inflation increase was higher…
UK Unemployment Rate Falls by 0.5% In the Third Quarter
(ONS) UK unemployment was 4.3% in the July to September quarter, a decline of 0.5% from the previous quarter. The unemployment is now 0.3% above the pre-pandemic levels. The employment…
UK GDP Eases to 1.3% Growth in Q3 as Trade Deficit Widen
(ONS) UK’s economy is estimated to have grown by 1.3% in the third quarter, after a jump of 5.5% in the previous quarter on growing output after the easing of…
UK Annual Price Inflation Jumps by 8.1% in October to a Record High
(Halifax) UK posted an average house price of 270,027 pounds in October, an annual increase of 8.1% compared to 7.4% in September. The prices are now up for the fourth…