Luke Clogher

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UK unemployment falls to 1.86m

<b>UK unemployment has fallen by 102,000 to 1.86 million in the three months to January, official figures show.</b><p>The unemployment rate remains at 5.7% but the number of people in work is at an all-time high, the Office for National Statistics (ONS) said.<p>The number of people claiming Jobseeker's …

Economics

UK Wages Rise; Unemployment Falls, Now Below US Rate

The UK unemployment rate has fallen to 5.5% in the latest figures released. UK real wages are also rising as a consequence of this (for a falling unemployment rate is the mechanism by which wages rise). It’s also true to say that, while the reported rate is still higher, the actual UK unemployment …

Economics

UK unemployment falls to seven-year low, but Bank is right to be cautious

Why is it that an economy that is creating jobs at a healthy rate has borrowing costs lower than at any time in the Bank’s history?<p>The last time Britain’s unemployment rate was as low as 5.5% was during the period of phoney calm between the run on Northern Rock and the collapse of Lehman Brothers. …

Economics

UK unemployment falls to seven-year low

<b>Unemployment in the UK has continued to fall and the number of people in work has continued to rise, according to the latest official figures.</b><p>The number of people out of work in the January to March period fell to 1.83 million, down 35,000 from the previous quarter and the lowest for seven years.<p>At …

Economics

Inflation falls to 0%: what does it mean for the UK economy?

Deflation is good for pensioners and people with cash in the bank but those losing out include anyone with debts<p>Britain is within a month of a period of deflation. When the figures for March come out next month cheaper energy bills will mean that the cost of living is lower than it was a year …

Economics

UK inflation holds at record low of 0.0%

Fall in clothing and gas prices boosts disposable incomes as CPI measure stays at zero<p>Britain’s inflation rate has held at its record low of zero, giving disposable incomes a boost and leaving the country on the brink of a period of falling prices.<p>The Office for National Statistics said inflation, …

Economics

U.K. Adds Craft Beer, e-Cigarettes and Music Streaming to Inflation Basket

Fancy beer, protein shakes and the fees charged for streaming music online have been added to the basket of goods and services used to calculate inflation in the U.K.

Craft Beer

UK inflation tipped to turn negative for the first time since 1960

Prospects of an annual dip in overall shop prices comes after last year’s halving of the oil price, a decline in raw materials costs and a drop in the cost of food<p>We have not been here since 1960: economists expect official figures on Tuesday to show annual inflation on the standard CPI measure …

Economics

UK consumer price inflation rate turns negative for first time since 1960s

The UK inflation rate turned negative for the first time since the 1960s, falling to -0.1% in the year to April, the Office for National Statistics …

The UK came out of deflation in May

The UK's brief bout of deflation ended in May, according to official statistics just released.<p>Consumer prices rose by +0.1% in the year to May.<p>Analysts had expected inflation to bounce back to +0.1%, after the UK recorded a -0.1% drop in April — the first decline for half a century.<p>Economists were …

UK inflation expected to rebound

Official figures due on Tuesday are expected to show Britain’s dip into negative inflation ended in May, as rising fuel costs pushed prices up again<p>Britain’s brief flirtation with negative inflation came to an abrupt end last month, according to a Reuters poll of economists, with official figures …

Economics