GDP surpasses pre-recession high as economic growth hits 0.8% George Osborne hails ‘hard work of British people’ as services sector leads way in dragging country out of recession.
UK GDP to exceed pre-recession peak this summer business body predicts British Chambers of Commerce raises alarm over youth unemployment, but wage growth expected to overtake inflation.
UK economy expanding at same rate as when coalition came to power GDP growth hit 0.9% in the three months to the end of August, the same level as in 2010, according to economics institute.
Osborne hails GDP rise of 0.6% The pace of second-quarter economic growth doubled from the first three months of 2013, ONS data shows.
This isn’t a uniquely French problem – EU nations of various political hues are in trouble because of a fixation on austerity Today’s BBC headline fairly trumpets the news: “French economy returns to recession”. Funny how we Brits seem happy if our trans-Manche neighbours are doing a wee bit worse than we are. Especially if […]
ONS number crunchers now argue the three quarters of declining GDP in 2011/2012 may not have made a double dip When is a recession not a recession? According to the Office for National Statistics, when the economy is “broadly flat”. Fresh from announcing that Britain has escaped a triple dip, the nit-picking number-crunchers are now […]
The chancellor, George Osborne, says Thursday’s GDP figures indicate the UK economy is recovering
Gross domestic product is the economic output of Britain. See how it has changed over time• Get the data• Interactive chart: How does this recession compare?• Chart: GDP change since 2008 We’ve just escaped a triple-dip recession: GDP for the last three months rose by 0.3%. If the economy had shrunks again in the first […]
Paul Owen with live coverage as the Office for National Statistics reveals whether or not Britain is in a triple-dip recession Paul Owen
The theories on which the chancellor based his cuts policies have been shown to be based on an embarrassing mistake It was a mistake in a spreadsheet that could have been easily overlooked: a few rows left out of an equation to average the values in a column. The spreadsheet was used to draw the […]