BRITAIN’S economic growth fell unexpectedly in the first month of this year. The Office for National Statistics (ONS) said Gross Domestic Product (GDP) edged down by 0.1% in January. 1 The latest GDP figures show the economy fell by 0.1% in January Economists had forecast gross domestic product (GDP) to rise by 0.1% in the
UK average earnings have hit a six-month high, according to the Office for National Statistics (ONS). UK average wages rose by 5.6% in the three months to November, up from 5.2% for the previous three months. 1 Official figures have been released this morning Meanwhile, annual average earnings were up 2.2% from the year before,
The Bank of England began raising rates in December 2021 and market rates jumped again with the mini-Budget in September 2022. As a result, funds were forced to sell off bonds to free up cash, worsening the jump in government borrowing costs and setting off a vicious spiral which was only defused when the Bank launched
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