LONDON: UK annual inflation has hit the highest level since 1992, data showed Wednesday, adding pressure to the cost of living and on the Bank of England to keep raising rates. The Consumer Prices Index (CPI) edged up to 5.5 per cent in January from 5.4 per cent in December, also a level not seen in … Read more
LONDON: Britain’s unemployment rate dropped and payrolls recovered further at the end of last year despite the onset of the Omicron variant, official data showed on Tuesday. The unemployment rate fell to 4.1 per cent in the three months to the end of November, from 4.2 per cent in the quarter ending in October, the … Read more
LONDON: Britain’s economic growth recovery slowed in October, official data showed on Friday, even before the appearance of the Omicron coronavirus variant that has pushed the UK government to restore restrictions. Gross domestic product increased 0.1 per cent in October compared with output of 0.6 per cent the previous month, the Office for National Statistics said … Read more
