- Wednesday, 14 December 2016
- News
UK Unemployment Rate stable at 4.8%
Between May to July 2016 and August to October 2016, the number of people in work was little changed, the number of unemployed people decreased, and the number of people not working and not seeking or available to work (economically inactive) increased. There were 31.76 million people in work, little changed compared with May to July 2016 but 342,000 more than for a year earlier.
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- Tuesday, 13 December 2016
- News
UK CPI up more than expected
The Consumer Prices Index (CPI) rose by 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October. The rate in November was the highest since October 2014, when it was 1.3%. Rises in the prices of clothing, motor fuels and a variety of recreational and cultural goods and services, most notably data processing equipment, were the main contributors to the increase in the rate. These upward pressures were partially offset by falls in air and sea fares.
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- Monday, 12 December 2016
- News
UK's current GDP growth rate won't last, warns business body
"The business as usual" approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the UK's EU relationship and higher inflation will "dampen medium term growth," it said. It expects the UK's economy to grow by 1.1% next year, and by 1.4% in 2018.
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- Friday, 09 December 2016
- News
UK Goods Trade Balance deficit narrowed to £9.7 billion
The UK’s deficit on trade in goods and services was estimated to have been £2.0 billion in October 2016, a narrowing of £3.8 billion from September 2016. Exports increased by £2.0 billion and imports decreased by £1.8 billion. The deficit on trade in goods was £9.7 billion in October 2016, narrowing by £4.1 billion from September 2016. This narrowing reflected a £2.1 billion increase in exports to £26.8 billion and a £2.0 billion decrease in imports to £36.5 billion.
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