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The vacancy figure was now 26% lower than a year ago, he said, a "significant decline". ... On Tuesday the latest official jobs figures will show whether a recent increase in the UK's unemployment ...
Britain’s economy slipped into a recession at the end of 2023 after output contracted by more than expected in the final three months, according to official figures. ... It marks the first time ...
The UK economy is on track to shrink by 1.3% in 2023 amid a recession which is set to last until the end of next year, according to a new economic forecast.
In its report, published at the same time as the autumn statement, the Office for Budget Responsibility (OBR) concluded the UK had entered a recession after experiencing two quarters in which the economy had shrunk. While predicting an overall growth of 4.2% for 2022, the OBR forecast the economy would shrink by around 1.4% during 2023.
The United Kingdom has slipped into recession just months ahead of a general election, official figures showed Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth.
However, increases in the inflation rate towards the end of the 1980s led to increased interest rates [27] and another recession which began in 1990. Unemployment began to increase and by the end of 1992 the official level had again risen to almost 3 million with the official rate around 10.6%, although inflation was brought under control ...
According to projections published Thursday, the Bank of England now expects UK GDP to grow 0.5% this year, double the pace it forecast in February. By comparison, last year, GDP increased by a ...
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...