UK jobs numbers ups rates ante for BoE
According to the Office for National Statistics, the unemployment rate for the period between February to April 2014 improved to 6.6%.
According to the Office for National Statistics, the unemployment rate for the period between February to April 2014 improved to 6.6%.
Thanks to changes in the way the UK economy is calculated, we are all better off than we thought we were so are happy days really here again?
Manufacturing output rose 1.9% in June, its strongest growth since 2010 and more than double the expected rate according to the Office of National Statistics.
Retail sales were up significantly in May, driven in large part by a 3.5% rise in supermarket food sales according to Office of National Statistics (ONS) data.
Among many other organisations, the CBI and ONS have both revealed statistical reasons for us not to be cheerful about the ongoing state of the UK economy.
Official data from the ONS show that UK GDP grew by just 0.2% in the first quarter of the year.
CPI inflation stayed at 4.5% in May and RPI at 5.2% as core inflation actually fell.