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The Latest Breaking News from Office for National Statistics

Rise In UK Borrowing Narrows Budget Options For New Govt

UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.

International Business Times

Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

The Independent UK

UK government borrowing hits higher than expected £3.1bn in July

Figures come amid row between Labour and Conservatives over true state of public finances

The Guardian - UK

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Economists predict higher taxes and borrowing after UK deficit overshoots forecasts – as it happened

Tough budget looms after UK deficit hits £3.1bn in July – ahead of City forecasts of £1.5bn, and soaring over OBR forecast of £100m

The Guardian - UK

‘Share government data to boost economy’, says UK statistics watchdog chief

The UK Statistics Authority’s chair says linking data sets from departments could aid growth and improve services• We need to make data sharing across UK government the rule, not the exception

The Guardian - UK

Global stock markets head for best week of 2024, as US consumer confidence rises – as it happened

Rolling coverage of the latest economic and financial news, as PwC becomes the first audit firm to be fined by the FCA

The Guardian - UK

Three Lions Euros success gives the high street a big boost in July

Retail sales rose a solid 0.5% during the month with the ONS saying summer sports events gave a boost

Evening Standard

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UK economy continues recovery from recession in latest figures

THE UK economy continued its recovery from recession at the end of last year as growth extended over the latest quarter, according to the latest…

The National (Scotland)

British economy grew 0.6% in the second quarter of the year

It was the second consecutive quarter of GDP growth following a 0.7% advance in the first three months of 2024

Evening Standard

UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

The Guardian - UK

OPINION - Jack Monroe was right – 'cheapflation' really did hit the poorest households

Every month, our friends at the Office for National Statistics (ONS) publish the latest annual inflation rate, which measures the change in the price of regularly purchased products compared with the same time the previous year. Today, that figure (or rather, July's figure) was 2.2 per cent, slightly up on June…

Evening Standard

House prices grow steadily as ‘eye-watering’ rent increases hit

The cosyt of renting across the country jumped 8.6% in the year to July

The Independent UK

UK inflation rises to 2.2% in first increase since December

Annual rate in July climbs back above Bank of England target of 2%, ONS figures show

The Guardian - UK

Slowdown in wage growth ‘clears path for more interest rate cuts’ this year

Persistent inflation remains a worry for the Bank of England, but new wages data could ease concerns

The Independent UK

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The Guardian - UK

AstraZeneca hits £200bn valuation as ambitious plans pay off – as it happened

Pharmaceuticals giant has hit a £200bn stock market valuation, a decade after fighting off Pfizer’s takeover approach

The Independent UK

‘I don’t trust anybody’: Shoplifting so bad we’ve given up counting lost stock, retailers say

Shopkeepers tell The Independent thieves from all walks of life are destroying their businesses

The Independent UK

Crime map: Violent offences and shoplifting in your area

A total of 443,995 shoplifting offences were logged in the year ending March, while 50,510 knife crime offences were recorded

The Independent UK

Knife crime offences rise and shoplifting reaches 20-year high in latest police figures

Home secretary blames the figures on ‘the disgraceful dereliction of the last Tory government’

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Evening Standard

London suffers net loss of 40 pubs in a year, despite record high employment in sector

Smaller pubs have been particularly hard hit amidst ‘sky-high’ costs, with UKHospitality warning ‘urgent action’ is needed from the new Government

The Guardian - UK

Integrate NHS services and job centres to get more people working, report says

Exclusive: Pioneering study says regime based largely on benefit sanctions has failed to tackle economic inactivity

The Guardian - UK

British retail sales slump by more than forecast amid chilly weather

Drop of 1.2% in June comes as households rein in spending during cost of living crisis

The Guardian - UK

Windows IT outage: CrowdStrike CEO ‘deeply sorry’ for global chaos caused by update and warns fix may take time to work – as it happened

Cybersecurity firm CrowdStrike says fix has been issued to software update responsible – but impact of that will not be immediate

The Independent UK

Oktoberfest city to open first alcohol-free beer garden

Initiative is a response to changing consumption habits in Germany as well as frustrations over public binge-drinking

The Guardian - UK

UK jobs market cools again as wage growth slows

Interest rate cut hangs in balance after ONS figures show annual pay growth eased to 5.7% in three months to May

The Guardian - UK

Ed Davey apologises to Alan Bates at the Post Office Horizon inquiry – as it happened

Lib Dem leader had declined meeting with campaigner in May 2010, saying "‘I do not believe it would serve any useful purpose’

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