UK economy grinds to virtual halt

2011-10-05T10:30:54Z

Britain's economy slowed to a trickle in the second quarter and the country's last recession was much deeper than thought, official data showed on Wednesday, piling pressure on the government.

British gross domestic product (GDP) -- the value of all services and goods produced in the economy -- grew by just 0.1 percent in the three months to June from the first quarter, the

Stocks slip at open ahead of growth data

2010-10-26T02:31:05Z

The benchmark FTSE 100 index dipped 0.29 percent to 5,735.41 points.

Later this morning, at 9.30am, the Office for National Statistics will publish its first estimate of gross domestic product (GDP) data for the three months to the end of September.

Market expect...

British jobs market shows 'encouraging' signs

2010-07-14T10:15:56Z

Britain's jobs market shows encouraging signs of improvement, official data showed on Wednesday, boosting hopes of a strengthening economic recovery, according to analysts.

The unemployment rate fell to 7.8 percent in the three months to the end of May, compared with 7.9 percent in the three months to April, the Office for National ...

Jobs market shows 'encouraging' signs

2010-07-14T04:15:36Z

Britain's jobs market shows encouraging signs of improvement, official data showed on Wednesday, boosting hopes of a strengthening economic recovery, according to analysts.

The unemployment rate fell to 7.8 percent in the three months to the end of May, compared with 7.9 percent in the three months to April, the Office for National ...

Economic recovery seen struggling amid budget cuts

2010-09-22T13:56:56Z

Britain pushed away from recession with 0.3-percent growth in the first quarter, but is climbing out of a deeper hole than thought and faces a struggle against budget cuts, new data suggests.

Official figures on Monday stood by previous estimates that the economy grew by 0.3 percent in the first three months of the year, building on slight emergence from recession at the end of last year.

But they also showed that th...

UK confirms Q1 GDP growth was 0.3 pct

2010-07-12T02:45:12Z

UK confirms Q1 economic growth was 0.3 pct, recession trough deeper than earlier estimates

Britain's recession was deeper than estimated previously, official statisticians said Monday, as they confirmed that the economy grew by only 0.3 percent in the first three months of the year.

The Office for National St...

Manufacturing in biggest rise for eight years

2010-05-11T05:15:19Z

Manufacturing output soared in March at the fastest pace for almost eight years as the country recovered from recession faster than expected, official data showed on Tuesday.

Output in March jumped rose 2.3 percent from February in the biggest rise since July 2002, the Office for National Statistics said.

Output in March on a 12-month basis rebounded 3.3 percent -- the largest annu...

Economy grows by 0.2% in first quarter

2010-04-23T02:15:56Z

The economy expanded by 0.2 percent in the first quarter of 2010, decelerating from growth of 0.4 percent in the previous three months, official data showed on Friday.

"Gross domestic product (GDP) increased 0.2 percent in the first quarter of 2010," the Office for National Statistics said in a statement which undershot market expectations for expansion of 0.4 percent.

The performa...

Jobless total soars to highest point since 1994

2010-04-21T07:15:46Z

Britain's jobless total has hit the highest level since late 1994, but the number of people claiming benefits fell by more than expected in March, official data showed on Wednesday.

With a general election looming on May 6, economists argued that the mixed data would be difficult to make political capital out of.

The Office fo...

Britain emerges from recession with new growth upgrade

2010-03-30T10:18:03Z

Britain escaped from a record recession in better shape than previously thought in the fourth quarter of 2009, revised data showed Tuesday, but analysts agreed that the outlook remained weak.

Gross domestic product -- the value of all the goods and services produced in the economy -- grew by 0.4 percent in the three months to the end of December, the Britain escaped from a record recession in better shape than previously thought in the fourth quarter of 2009, revised data showed on Tuesday, but analysts agreed that the outlook remained weak.

Gross domestic product -- the value of all the goods and services produced in the economy -- grew by 0.4 percent in the three months to the end of December, the Office for National Statistics (ONS) said in a statement. That was the first increase since March 2008.

The ONS also revealed that a wider measure of industrial pro...

Britain escapes recession on strong footing

2010-04-16T06:56:50Z

Britain emerged from the longest recession on record in the fourth quarter of 2009 on a stronger-than-expected footing, revised official data showed on Friday.

British gross domestic product -- the value of all the goods and services produced in the economy -- grew by 0.3 percent in the fourth quarter, the Office for National Statis...

Country exits recession with 0.3% growth

2010-04-16T06:56:53Z

The country emerged from the longest recession on record in the fourth quarter of 2009, with upwardly-revised growth of 0.3 percent, official data showed on Friday.

"Gross domestic product (GDP) increased by 0.3 percent in the fourth quarter of 2009," the Office for National Statistics said in a statement.

"This has been revised from a rise of 0.1 percent in the preliminary estimat...

Economic growth data revised upwards

2010-02-26T05:15:58Z

The country emerged from a record recession in unexpectedly strong shape in the fourth quarter of 2009, revised data showed on Friday, easing fears that the economy had only just scraped out of recession.

Gross domestic product -- the value of all the goods and services produced in the economy -- grew by 0.3 percent in the fourth quarter, the Office for National Statistics (ONS) said in ...

Britain exits recession with 0.3% growth

2010-04-16T06:56:53Z

Britain emerged from the longest recession on record in the fourth quarter of 2009, with upwardly-revised growth of 0.3 percent, official data showed on Friday.

"Gross domestic product (GDP) increased by 0.3 percent in the fourth quarter of 2009," the Office for National Statistics said in a statement.

"This has been revis...

Economy crawls free of record recession

2010-06-12T02:27:53Z

Britain limped out of its longest ever recession in the fourth quarter of 2009, official data showed on Tuesday, but massive debt is set to stunt recovery beyond a looming general election.

Gross domestic product (GDP) grew by only 0.1 percent in the three months to December, compared with a 0.2 percent contraction in the third quarter, the Britain narrowly exited a record recession in the fourth quarter of 2009 with growth of just 0.1 percent, while massive state debt is likely to stunt recovery beyond a general election due by June.

The Office for National Statistics revealed that the economy grew during the three months to December, compared with the previous th...

British job data sparks hopes of recession exit

2010-04-16T07:29:32Z

British jobless claims fell in December at the fastest pace for two and a half years, data showed, fuelling hopes that the economy emerged from a record recession in the fourth quarter of 2009.

The number of people claiming benefits slid by 15,200 to 1.61 million, which was the sharpest monthly drop since April 2007, the Office for National Statistics (ONS) said in a statement.

And...

Jobless claims in biggest drop since April 2007

2010-04-16T07:29:32Z

Unemployment claims fell again in December at the fastest pace for two and a half years, data showed on Wednesday, fuelling hope the economy emerged from recession in the fourth quarter of 2009.

The number of people claiming benefits dropped 15,200 last month to 1.61 million, which was the sharpest monthly drop since April 2007, the Office for National Statistics (ONS) said in a statemen...

Unemployment data sparks hopes of recession exit

2010-04-16T07:29:32Z

Jobless claims fell in December at the fastest pace for two and a half years, data showed Wednesday, fuelling hopes that the economy emerged from a record recession in the fourth quarter of 2009.

The number of people claiming benefits slid by 15,200 to 1.61 million, which was the sharpest monthly drop since April 2007, the Office for National Statistics (ONS) said in a statement.

A...

Economy still stuck in recession: data

2010-04-16T08:11:56Z

Britain remains the last major economy in recession according to official data released on Tuesday, although signs of recovery emerged as the country's output shrank less than previously forecast.

The Office for National Statistics said that gross domestic product (GDP) contracted by 0.2 percent during the July-September period ...

Retail sales in surprise drop: official data

2010-09-15T14:41:18Z

Retail sales in recession-hit Britain fell unexpectedly in November for the first time in six months, dropping by 0.3 percent compared with October, official data showed on Thursday.

Analysts' consensus forecast had been for a month-on-month climb of 0.6 percent in retail sales during the traditional busy pre-Christmas shopping season, according to D...

Jobless claims in first drop for 21 months

2010-04-16T08:21:31Z

Jobless claims fell in November for the first time since February last year, official data showed Wednesday, sparking hopes that the economy may be emerging from a deep recession, analysts said.

The number of people claiming benefits sank 6,300 last month to 1.6 million, but the total was still more than half a million higher than one year ago, the Office for National Statistics (ONS) sa...

British jobless claims in first drop for 21 months

2010-04-16T08:21:47Z

British jobless claims fell in November for the first time since February last year, official data showed Wednesday, sparking hopes that the economy may be emerging from a deep recession, analysts said.

The number of people claiming benefits sank 6,300 last month to 1.6 million, but the total was still more than half a million higher than one year ago, the Office for National Statistics ...

Inflation jumps to 1.9%

2010-06-12T02:28:43Z

Annual inflation in recession-hit Britain climbed to a higher-than-expected 1.9 percent in November owing to rising fuel prices, official data showed on Tuesday.

Consumer Prices Index (CPI) inflation increased by 0.3 percent in November from October, the Office for National Statistics said in a statement.

"CPI annual infla...

Economy shrinks, but edges towards recovery

2010-04-16T08:53:49Z

The economy shrank officially by 0.3 percent in the third quarter but this was better than initial data had shown and was welcomed by economists.

Britain is trailing leading industrialised economies in pulling out of the recession, data from the Organisation for Economic Cooperation and De...

British economy shrinks, but edges towards recovery

2010-04-16T08:53:49Z

Britain's recession-hit economy shrank officially by 0.3 percent in the third quarter but this was better than initial data had shown and was welcomed by economists.

Britain is trailing leading industrialised economies in pulling out of the recession, data from the Organisation for Economi...

British economy shrinks by 0.3% in third quarter

2010-04-16T08:53:54Z

Britain's recession-hit economy shrank by a better-than-expected 0.3 percent in the third quarter of 2009, compared with output in the previous three months, revised official data showed on Wednesday.

The latest figure for the July-September period was an upgrade from the previous estimate of a 0.4-percent contraction, the Office fo...

Britain fails to exit recession: official data

2010-04-16T09:41:18Z

Britain failed to climb out of its deep recession in the third quarter, when the country's output unexpectedly slumped by 0.4 percent, official data showed on Friday.

"Gross Domestic Product (GDP) decreased by 0.4 percent in the third quarter of 2009, compared with a decrease of 0.6 percent in the second quarter," the Office for Nat...

Economy still in recession: official data

2010-04-16T09:41:18Z

The economy remains stuck in a deep recession after the country's output unexpectedly slumped by 0.4 percent in the third quarter compared with the second quarter, official data showed on Friday.

Britain, like the United States, has yet to officially join other major economies France, Britain recorded a public deficit of 19.4 billion pounds (21.2 billion euros, 31.8 billion dollars) in September as the economy buckled under the weight of recession, official data showed Tuesday.

The deficit -- or "public sector net cash requirement" (PSNCR) -- for September compared with one of 13.3 billion pounds during the same month in 2008, the Office for National Statistics (ONS) said.

<...

Retail sales flat in August

2010-09-15T14:47:00Z

Retail sales flattened in August from July as shoppers tightened their belts amid the recession, official data showed on Thursday.

However, retail sales rose 2.1 percent in August compared with the same month in 2008, the Office of National Statistics (ONS) said in a statement.

The monthly increase was worse than market expectations for a 0.2-percent gain, while analysts had foreca...

British unemployment hits 14-year high

2010-06-12T02:33:01Z

Britain's recession-hit economy took another beating on Wednesday as official data showed that the labour market was in its worst state for 14 years, with companies slashing jobs to save cash.

The number of unemployed climbed by 210,000 to 2.47 million people in the three months to July -- the highest level since May 1995 -- despite tentative signs of economic recovery.

And the unemployment rate rose to 7.9 percent i...

Unemployment hits 14-year high

2010-06-12T02:33:06Z

The recession-hit economy took another beating on Wednesday as official data showed that the labour market was in its worst state for 14 years, with companies slashing jobs to save cash.

The number of unemployed climbed by 210,000 to 2.47 million people in the three months to July -- the highest level since May 1995 -- despite tentative signs of economic recovery.

And the unemployment rate rose to 7.9 percent in the three months to July, hitting the highest level since Novemb...

Recession eases, sparking recovery hopes

2010-04-16T10:36:46Z

The economic downturn eased in the second quarter, official data showed Friday, boosting hopes that the country may soon follow France and Germany out of recession.

Gross domestic product (GDP) contracted 0.7 percent in the second quarter of 2009 compared with the first three months of the year, in the fifth quarterly drop in a row, the Britain's economy shrank in the second quarter at its fastest yearly pace since records began in 1955, as the worst recession since the early 1980s tightened its grip, official data showed Friday.

Gross domestic product (GDP) contracted by 5.6 percent in the three months to the end of June, compared with the same period of last year, the Office for National Statistics (ONS) said in a statement...

Economy sees record contraction: data

2010-04-16T11:10:56Z

The recession-battered economy shrank in the second quarter of 2009 at its fastest yearly pace since records began, official data showed Friday.

The economy also shrank 0.8 percent du...

Economy shrinks fastest since 1958

2010-06-15T09:39:09Z

The recession-battered economy shrank at its fastest pace in more than 50 years in the first quarter of 2009 in the worst global slowdown in decades, revised official data showed on Tuesday.

Gross domestic product (GDP) contracted 2.4 percent in the first three months of the year from the final quarter of 2008, said the Office for National Statistics, but analysts predicted a brighter fu...

Economy shrinks fastest in half a century

2010-06-15T09:39:06Z

The recession-battered economy shrank at its fastest pace in more than 50 years during the first quarter of 2009 in the worst global slowdown in decades, revised official data showed on Tuesday.

Gross domestic product (GDP) contracted 2.4 percent in the first three months of the year compared to the final quarter of 2008, the Office for National Statistics (ONS) said in a statement.

<...

British economy shrinks fastest since 1958

2010-06-15T09:39:09Z

The recession-battered British economy shrank at its fastest pace in more than 50 years in the first quarter of 2009, revised official data showed on Tuesday, amid the worst global slowdown in decades.

Gross domestic product (GDP) contracted 2.4 percent in the first three months of the year from the final quarter of 2008, said the Office for National Statistics.

"GDP in real terms ...

Recession darkens as public finances sink

2010-09-15T14:43:13Z

The economy took a heavy blow from the recession on Thursday as official data showed the public finances posting a record deficit and retail sales sank in May.

The news dampened hopes about the strength of any "green shoots" of potential economic recovery in Britain, analysts said.

The battered economy, which tumbled into recession last year because of the global financial crisis, buckled last month under the weight ...

Economy at weakest for 30 years

2010-04-16T12:10:46Z

The economy is contracting at its sharpest pace in almost three decades amid the worst global downturn since the 1930s, official data showed on Friday, but analysts said the worst is likely over.

Gross domestic product (GDP) shrank 1.9 percent during the first quarter of 2009 compared with the final three months of last year, according to the Office for National Statistics (ONS).

T...

Retail sales rise in April

2010-09-15T14:43:27Z

Retail sales increased 0.9 percent in April from March, topping forecasts, as shoppers kept the tills ringing despite a deep recession, official data showed Thursday.

Retail sales rose 2.6 percent in April compared to the same month in 2008, the Office of National Statistics (ONS) said in a statement.

Economists had forecast a month-on-month gain of 0.5 percent and a year-on-year i...

Economy shrinks at fastest rate since 1979

2010-10-22T10:51:19Z

The recession-battered economy shrank at its fastest pace in almost 30 years in the first quarter of 2009, official data showed Friday, heaping fresh doubt on government hopes of a fast recovery.

Gross domestic product (GDP) contracted by 1.9 percent on a quarterly basis compared with a decline of 1.6 percent in the last quarter of 2008, the Office for National Statistics (ONS) said in a...

Economy shrank 1.5% in fourth quarter

2010-06-12T02:57:13Z

The economy shrank by 1.5 percent in the fourth quarter of 2008, confirming an initial estimate made last month that put the nation in recession, official data showed on Wednesday.

The Office for National Statistics (ONS) said gross domestic product (GDP) had shrunk by 1.5 percent in the fourth quarter compared with the third quarter of 2008 when it contracted by 0.7 percent.

Origi...

UK economy shrank 1.5% in fourth quarter

2010-06-12T02:57:14Z

The British economy shrank by 1.5 percent in the fourth quarter of 2008, confirming an initial estimate made last month that put Britain in recession, official data showed on Wednesday.

The Office for National Statistics (ONS) said in a statement that gross domestic product (GDP) had shrunk by 1.5 percent in the fourth quarter c...

Britain officially in recession

2010-04-16T15:12:54Z

Britain is in recession for the first time since 1991 after its economy shrank during the final two quarters of last year as a global financial crisis raged, official data showed on Friday.

The Office for National Statistics said that Gross Domestic Product (GDP) had shrunk by 1.5 percent in the fourth quarter of 2008 compared w...

Britain in recession for first time since 1991

2010-04-16T15:12:54Z

Britain is in recession for the first time since 1991 after its economy shrank during the final two quarters of last year as a global financial crisis raged, official data showed on Friday.

The Office for National Statistics said that Gross Domestic Product (GDP) had shrunk by 1.5 percent in the fourth quarter of 2008 compared w...

Economy on edge of recession

2010-06-12T03:07:47Z

The economy is teetering on the brink of recession, official data showed on Friday revealing it shrank 0.5 percent in the three months to September in the first contraction since 1992.

In reaction, the pound fell to a five-year low of 1.55 dollars -- the lowest point since April 2003 -- as dealers bet on more interest rate cuts to boost the flagging economy.

The the pound fell to a five-year low of 1.55 dollars -- the lowest point since April 2003 -- as dealers bet on more interest rate cuts to boost the flagging economy.

The

Office for National Statistics confirmed on Tuesday.

The 0.0-percent quarterly growth rate was the weakest performance for 16 years and was unchanged from the previous estimate given last month.

Gross domestic product (GDP) grew 1.5 percent during the second quarter compared wi...

Economists massively downgrade UK forecasts

2010-04-16T13:20:22Z

Independent economists have massively downgraded their forecasts for the UK economy and now think it will all but grind to a halt next year.

The monthly survey of about 30 institutions, released today, shows the average forecast for economic growth for next year is now just 0.3%, down from 0.8% in August and 1.1% in July.

That compares with the chancellor, A...

Britons have 'no money to cope with recession' as savings hit lowest level for 50 years

2010-10-21T10:16:52Z

...

Warning Britain has 'no money to cope with recession' as savings hit lowest level for 50 years

2010-10-21T10:16:51Z

...

British 'have no money to cope with a recession as savings are at lowest levels for 50 years'

2010-10-21T10:16:48Z

...

BRITAIN ECONOMY

2010-06-16T10:43:52Z

Joe Grice, chief economist of Britain's Office for National Statistics, announces the GDP estimate for the fourth quarter of 2009, during a news conference in central London, Tuesday, Jan. 26, 2010. Britain's worst recession since...

The latest in Uk Office Of National Statistics

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Jobs market shows 'encouraging' signs

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Britain exits recession with 0.3% growth

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Retail sales in surprise drop: official data

Jobless claims in first drop for 21 months

British jobless claims in first drop for 21 months

Inflation jumps to 1.9%

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British economy shrinks, but edges towards recovery

British economy shrinks by 0.3% in third quarter

Britain fails to exit recession: official data

Economy still in recession: official data

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Unemployment hits 14-year high

Recession eases, sparking recovery hopes

Economy sees record contraction: data

Economy shrinks fastest since 1958

Economy shrinks fastest in half a century

British economy shrinks fastest since 1958

Recession darkens as public finances sink

Economy at weakest for 30 years

Retail sales rise in April

Economy shrinks at fastest rate since 1979

Economy shrank 1.5% in fourth quarter

UK economy shrank 1.5% in fourth quarter

Britain officially in recession

Britain in recession for first time since 1991

Economy on edge of recession

Economists massively downgrade UK forecasts

Britons have 'no money to cope with recession' as savings hit lowest level for 50 years

Warning Britain has 'no money to cope with recession' as savings hit lowest level for 50 years

British 'have no money to cope with a recession as savings are at lowest levels for 50 years'

BRITAIN ECONOMY