Markets

The pound continues to dive after dollar ‘sucker punch’

UK GDP estimates in-line: a quarterly growth of 0.4% and annual growth of 1.3%. The figures failed to revive the pound, which hit a fresh year low against the dollar on Friday morning. Sterling is suffering from “no deal” Brexit fears and a strong dollar. LONDON – In line UK […]
The pound continues to dive after dollar ‘sucker punch’
Markets

Online shopping is finally going to be included in UK inflation figures

The Office of National Statistics (ONS) is adding the price of online goods to its inflation measure, The Telegraph reported. The change is part of wider drive to modernise economic measurements and keep pace with the digital age. Price fluctuations online are considered more volatile, the ONS said, so can […]
Online shopping is finally going to be included in UK inflation figures
News

UK unemployment falls once again — and Brits are finally getting a pay rise

UK unemployment rate falls from 4.3% to 4.2%. Earnings grew by 2.8%, outstripping inflation for the first time in over a year. “The labour market continues to be strong,” senior ONS statistician Matt Hughes said. LONDON – Unemployment in the UK fell unexpectedly between December and February, according to new […]
UK unemployment falls once again  —  and Brits are finally getting a pay rise
News

Britain is the only major economy on earth where growth is slowing

Britain’s Gross Domestic Product (GDP) grew 0.4% in the final quarter of 2017, unchanged from the previous reading. GDP grew by 1.4% on a year-to-year basis in the quarter, once again unchanged from February’s reading. Annual growth was revised marginally higher to 1.8%, but the UK is the only major […]
Britain is the only major economy on earth where growth is slowing
News

Britain just became the slowest-growing major economy in the world

Britain’s economy grew just 0.4% in the final quarter of 2017, the ONS said on Thursday. That marks a downward revision from the ONS’ previous estimate that growth was 0.5%. “A number of very small revisions to mining, energy generation, and services were enough to see a slight downward revision,” […]
Britain just became the slowest-growing major economy in the world
News

GDP beats: Britain’s economy grew faster than expected at the end of 2017

Britain’s economy grows 1.5% year-on-year in the fourth quarter of 2017, preliminary ONS estimate shows. Growth was expected to be 1.4%. On a quarter-by-quarter basis, GDP grows 0.5%, also ahead of forecasts. Expansion was driven by the dominant services sector, which accounts for almost 80% of GDP. LONDON – Britain’s […]
GDP beats: Britain’s economy grew faster than expected at the end of 2017
News

British men spend nearly 15% more time relaxing than women

Men have five more hours of “leisure time” per week than women each on average. New statistics from the ONS shed light on the gap between men and women when it comes to free time. The ONS also found that people between 25 and 34 take the least free time […]
British men spend nearly 15% more time relaxing than women