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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 ...
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 ...
Meanwhile, salaries have now grown faster than prices for seven consecutive months. Average wages excluding bonuses grew at an annual rate of 6.2% in the three months to December, according to the ...
It said the rate of unemployment, which rose to 3.7% for the three months to October, could reach 5.6% by mid-2023, representing an increase of around 680,000 people.
Jobseeker's Allowance (JSA) is an unemployment benefit paid by the Government of the United Kingdom to people who are unemployed and actively seeking work. It is part of the social security benefits system and is intended to cover living expenses while the claimant is out of work.
There is some data available on UK unemployment rates from before 1971 but it is not consistent with the current international definitions as it is more closely related to the Claimant Count. UK unemployment surged to a two-year high of 4.4%, with job vacancies dropping by 12,000 to 904,000 in 2024.
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Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago. The central bank targets a rate of 2% and expects to more or less reach it in the next few ...