Wage Growth Outpaces Inflation for First Time Since 2021
In a surprising turn of events, pay growth has finally caught up with inflation after two years, as wages...
unemployment rate
BoE Raises Interest Rates to 3.5%, Continues Fight Against Inflation
In a recent announcement, the Bank of England has raised interest rates by 0.5%, bringing the base rate to...
UK Unemployment Rate Rises as Economic Inactivity Increases and Vacancies Drop
Unemployment rate rises to 3.6%, as reported by ONS, with a slight dip in employee numbers and a record...
BoE Increases Interest Rates to 1.25% Amid Inflation Concerns and Economic Uncertainty
The Bank of England's Monetary Policy Committee has raised interest rates for the fifth consecutive time to 1.25%, as...
UK Labour Market Recovers as Unemployment Drops to 4.1% and Employment Rises
In the UK, the labour market continues to recover as unemployment decreases and employment rates rise, reaching 4.1% and...
Covid-19 Impact on Retail: Norwich Hardest Hit by Insolvencies
Norwich tops the list of areas hit hardest by Covid-induced retail insolvencies, with 8.27 businesses shutting down out of...
UK Unemployment Rate Surges to 5% Amidst Record High Redundancies and Lockdown Measures
Unemployment in the UK has reached 5% with over 1.7 million people out of work, according to the Office...
UK Unemployment Hits 4.5% Amid Pandemic Struggles
Unemployment in the UK has reached its highest level in over three years, with a 4.5% rate and 1.58...
UK Unemployment Rate Rises to 4.1% in July Amid Pandemic Struggles
Unemployment in the UK rose to 4.1% in July, while economic inactivity hit a record low of 20.2%, according...
UK Economy Faces Deepest Recession Since Financial Crisis with 15% Q2 GDP Contraction
The UK economy is set to experience its deepest recession since the financial crisis, with a predicted 15% contraction...