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HISTORICAL FACTS: 9 | History Defined

Government borrowing falls to lowest November level in three years

Rising tax receipts and lower public sector interest payments offset higher spending on public services, in a boost for chancellor Rachel Reeves.

The Independent UK

Interest rates live: Bank of England holds interest rates and downgrades growth in blow for Labour

The Bank’s Monetary Policy Committee voted by a majority of 6–3 to maintain the rate at 4.75 per cent

The Independent UK

UK inflation rises again to hit highest level since March

The Office for National Statistics said Consumer Prices Index inflation rose to 2.6% in November, from 2.3% the previous month.

The Independent UK

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UK inflation increases as cigarettes and petrol drive price rises

The Office for National Statistics has announced the latest monthly Consumer Prices Index reading

The Independent UK

UK inflation likely to rise again as cigarette and petrol prices tick up

The Office for National Statistics will announce the latest monthly Consumer Prices Index reading on Wednesday.

Evening Standard

Company insolvencies rise across England and Wales; interest rate cuts less likely after UK pay growth accelerates – as it happened

UK wage growth has risen to 5.2% per year, making Bank of England highly likely to leave interest rates on hold on Thursday

The Guardian - UK

Analysis: Reeves faces recession fears but shrinking industry could offer a bigger problem

Economists are concerned about a longer decline in economic activity, but a shrinking manufacturing industry should be cause for more concern

The Independent UK

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UK economy shrinks again in another blow to Reeves, new figures show

The Office for National Statistics (ONS) said output fell by 0.1 per cent in October

The Independent UK

UK economy unexpectedly declines as services sector stalls

The Office for National Statistics said gross domestic product contracted 0.1% in October.

Evening Standard

Move over Noah: The most popular baby names revealed

The data was published by the Office for National Statistics

The Independent UK

The UK wants to guarantee work or training for all young people – first it needs good jobs

Nearly 1 million young people aged 16–24 – almost one in seven – are now classified as “Neet” (not in employment, education or training), according to the Office for National Statistics. The rate has risen steadily since 2022, and growth is concentrated among young men.

The Conversation

Tories used Brexit as a ‘one-nation open borders experiment’, claims Starmer after record immigration figures

The prime minister spelt out the betrayal of Brexit voters by the Tories after new figures revealed immigration reached a record high of more than 900,000 in 2023

The Independent UK

Why have the UK migration figures been revised?

Migration estimates typically undergo a number of revisions as more data becomes available.

The Independent UK

‘I’m earning £100,000 a year, but I feel poorer than ever’

IN FOCUS: They earn big pay cheques, but between bills and the rising cost of living, are struggling to pay for their remodelled kitchens and one-bedroom flats. And that, believe it or not, will have dire consequences for the rest of us, writes Maira Butt

The Independent UK

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The Independent UK

UK retail sales slide in October amid pre-Budget uncertainty

Retail sales volumes, which measure the quantity bought, decreased by 0.7% in October, the Office for National Statistics said.

The Independent UK

Annual house price growth accelerated in September – ONS

Experts have also warned that Wednesday’s jump in inflation could bring further headaches for mortgage borrowers.

Evening Standard

Average cost of a London home drops by 0.5 per cent while UK price growth is on the rise

Experts warn that Wednesday’s jump in inflation could bring further headaches for mortgage borrowers

The Independent UK

Inflation jumps to 2.3% in sharpest increase for two years

The Office for National Statistics said Consumer Prices Index inflation rose to 2.3% for October, from 1.7% in the previous month.

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Evening Standard

FTSE 100 Live 20 November: Sage sparkles, inflation rebound dents rate-sensitive stocks

Inflation’s rebound to an annual rate of 2.3% today dealt a setback to the outlook for lower interest rates.

Evening Standard

UK business openings fall to lowest level since 2010

Data from the Office for National Statistics shows 316,000 new businesses were created in 2023, down from 337,000 the year before.

Latin Times

UK Growth Slows In Third Quarter, Dealing Blow To Labor Government

Gross domestic product (GDP) grew by 0.1% in the July-September period, a slowdown compared to 0.5% growth in the second quarter, the Office for National Statistics said.

Evening Standard

UK economy shrunk by 0.1% in September, shock GDP figures reveal in blow to Labour Chancellor Rachel Reeves

GDP grew by a meagre 0.1% between July and September, slightly below expectations

The Independent UK

Rachel Reeves targets trade deal with Donald Trump as UK economy stalls

As official figures showed economic growth stalling under Labour, Rachel Reeves said she wanted to boost trade with the US and ‘looks forward to working with president-elect Donald Trump’

Evening Standard

Economic growth slows to 0.1% between July and September

The quarterly estimate was behind economists’ predictions and comes as a blow to Chancellor Rachel Reeves.

The Conversation

Deaths from drug use in England and Wales have risen by 11%, according to the latest annual data published by the Office for National Statistics (ONS). In 2023, there were 5,448 fatalities (93 deaths per million people) – the highest number of drug-related deaths since records began in 1993.

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