November 15, 20240 Comments

UK economy slows between July and September

The UK’s economy grew by 0.1% between July and September, according to the latest official figures. Growth was lower than expected and the Office for National Statistics said activity was subdued across most industries during the three months. Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves said she was “not satisfied” with these latest figures. This week she announced plans to

Read More
November 12, 20240 Comments

Unemployment rises as pay growth slows again

The UK’s unemployment rate has risen, official figures suggest, while pay growth continues to slow. The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter. However, the Office for National Statistics (ONS) urged caution over giving too much weight to its latest jobs figures due to issues with how it gathers the data. While wage growth has eased, pay is still

Read More