The UK’s economic bounce-back was faster than first thought in the second quarter as spending surged after lockdowns lifted, according to official figures. The Office for National Statistics (ONS) said gross domestic product (GDP) increased by 5.5 percent between April and June after being revised up from the initial estimation of 4.8 percent. The ONS…
UK Economic Rebound Stronger Than First Thought in Second Quarter
UK Retail Sales Drop for Fourth Month in a Row
UK retail sales dropped in August for the fourth consecutive month as grocery sales were impacted by more people returning to restaurants and pubs, according to official figures. The Office for National Statistics (ONS) said retail sales volumes dropped by 0.9 percent last month, following a 2.8 percent fall in July. However, retail sales volumes…
UK Worker Numbers Rise Further Despite Furlough Support Winding Down
UK worker numbers have rebounded further in July as the labour market recovery continued despite the initial winding down of the furlough scheme, according to official figures. The Office for National Statistics (ONS) revealed that the number of UK workers on payrolls rose by 182,000 between June and July, although at 28.9 million it is…
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