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The Office for National Statistics said higher domestic energy bills pushed consumer price inflation up to 2.3% in the year to October from the three-year low of 1.7% recorded the previous month.
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Compared with the second quarter of 2023, the economy grew by 0.7%, the ONS said, slower than economists' forecasts of a 0.9% rise
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Gross domestic product grew 0.2 percent following a slight 0.1-percent decline in December, the Office for National Statistics said in a statement. First-quarter expansion would signal the end of a technical recession.
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The report, revealing both optimism and concerns, coincides with official declarations of recession in two major global economies - Japan and the United Kingdom.
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With India pressing for tariffs on white rice to be slashed, and little feedback from British trade officials, concerns are mounting for an industry that employs more than 3,000 people at 16 mills and processing plants scattered from Kent in southern England to Yorkshire in the north.
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The Office for National Statistics said the strikes by so-called junior doctors weighed on health sector activity, while the sixth wettest July on record hit retailers after a buoyant June, when business was brisk as a result of warm weather.
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Gross domestic product increased by 0.2 percent in April following a fall of 0.3 percent in March, the Office for National Statistics said in a statement.
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In its latest assessment of the U.K. economy, the Washington-based fund said domestic demand had proven more resilient than anticipated in the face of the surge in energy costs.
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The Office for National Statistics (ONS) initially said growth had been flat in the October-December period.
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London's benchmark FTSE 100 index shed 0.2 percent to 7,893.99 points compared with Thursday's closing level.
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The UK's first Indian-origin Prime Minister took charge at 10 Downing Street a day after Diwali last year on October 25 in the wake of intense political turmoil following the unceremonious exit of his predecessors party-gate scandal-hit Boris Johnson and the country's shortest-serving Prime Minister Liz Truss.
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Gross domestic product added just 0.1 percent in the month, the Office for National Statistics (ONS) said in a statement, aided by the services sector and despite widespread strikes.
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While the city’s once-thriving dining scene has also been hurt by the coronavirus pandemic and soaring energy prices, the labor shortage is almost wholly a result of Brexit — a conspicuous example of how Britain’s departure from the European Union is reshaping its economy.
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Gross domestic product shrank 0.3 percent in the July-September period compared with an original reading of minus 0.2 percent, the Office for National Statistics said in a statement.
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In total, about £550 billion ($672 billion) of market value has been shaved off indexes tracking locally-exposed shares and bonds
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London, Dec 12 (AP) Britain's economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are ha.
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It’s part of a broader boom across Britain’s film industry that provides both a lesson and a warning for Prime Minister Rishi Sunak’s government on how to stimulate growth
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The long wait for a more optimistic message will leave Sunak’s government vulnerable to attacks from his own backbenchers as well as the opposition Labour party as he leads the country through a winter of strikes, recession and soaring energy prices
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The new forecast is for gross domestic product to contract by 1.4% next year compared with a projection for growth of 1.8% in the previous outlook published in March by the Office for Budget Responsibility (OBR).
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The British Indian former finance minister, who took charge at 10 Downing Street last month with the promise to fix the fiscal errors of predecessor Liz Truss disastrous mini-budget.
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Output shrank 0.2 percent in the July-September period, following a modest rise in the second quarter, the Office for National Statistics (ONS) said in a statement.
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Consumers are trying various methods to save money on their weekly shop, visiting rival retailers and choosing own-label brands as well as buying more wonky vegetables, frozen food and canned goods
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A thaw in UK-EU relations is the UK Prime Minister’s best hope of political survival
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The new premier’s economic policy is set to face scrutiny as the Bank of England delivers what could be its biggest interest-rate hike in more than 30 years, and the government looks to fill the multi-billion hole in the nation’s finances
