Tue, 21-Oct-2025

UK growth slightly less than 2021 amid Ukraine crisis

Official data released on Thursday indicated that Britain’s economy rebounded somewhat less than expected last year, pointing to a considerably tougher 2022 due to the consequences of the Ukraine crisis and increasing prices. The Office for National Statistics announced in a statement that GDP increased 7.4% in 2021, down from an early estimate of 7.5 … Read more

UK jobs picture robust as Omicron struck

UK jobs

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