ALL POSTS FILED UNDER: UK ECONOMY
UK economy shrank by more than expected in October
Add a CommentThe UK economy shrank by more than expected in October, as higher interest rates squeezed consumers and bad weather swept the country. The economy fell by 0.3% on the month, after growth of 0.2% in September. Household spending has been … Read more →
UK economy beats expectations with November growth
Add a CommentThe UK economy unexpectedly grew in November, helped by a boost from the World Cup, official figures show. The economy expanded by 0.1%, helped by demand for services in the tech sector and in spite of households being squeezed by … Read more →
UK economy grew more slowly than expected in July
Add a CommentThe UK economy grew by 0.2% in July, according to official data, following a sharp drop in the previous month. The Office for National Statistics said the services sector was the biggest contributor to growth, helped by the UK hosting … Read more →
UK economy shrinks between April and June
Add a CommentThe UK economy shrank between April and June, official figures show. The economy contracted by 0.1% in the second quarter of the year, the Office for National Statistics (ONS) said. That compares to the first three months of this year … Read more →
UK economy grows by 4.8% but misses forecasts
Add a CommentUK economic growth rose by 4.8% between April and June, according to official figures, falling short of Bank of England forecasts. Data from the Office for National Statistics showed that the expansion in gross domestic product (GDP)was uneven over the … Read more →
UK economy heading back into recession
Add a CommentThe Bank of England is pumping another £150 billion ($195 billion) into the UK economy after warning of a double-dip recession because of the coronavirus pandemic and an uncertain outlook because of Brexit. The UK central bank said on Thursday that it … Read more →
UK economy in record slump
Add a CommentThe UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the country spent its first full month in lockdown. The Office for National Statistics (ONS) said the “historic” fall affected virtually all areas … Read more →
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(Nana Kwesi)