The Office for National Statistics (ONS) has been in the news recently due to its release of various economic and social data that have significant implications for the UK. This includes reports on GDP growth, unemployment rates, inflation, public sector borrowing, and demographic trends. The ONS data has been instrumental in highlighting the impact of events such as the timing of Easter on economic indicators, the decline in cargo vessel usage affecting inflation, and the role of record immigration in avoiding a deeper recession.
The Office for National Statistics (ONS) is the executive office of the UK Statistics Authority, reporting directly to the UK Parliament. It is responsible for collecting, analyzing, and publishing statistics related to the economy, population, and society of the United Kingdom. The ONS plays a crucial role in providing accurate and timely data that informs government policy-making, business decisions, and public understanding of key issues. With a focus on transparency and reliability, the ONS is a vital source of information for researchers, policymakers, and the general public seeking to understand the state of the UK's economy and society.
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Ministers ramp up anti-welfare rhetoric a day after data showed increase in UK unemployment
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GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this year
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Latest figures were distorted by the earlier timing of Easter this year.
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ONS data shows how cargo vessels using the key artery linking Europe and the gateway to Asia has fallen significantly, still threatening to fan the flames of inflation again in the process.
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Government borrowed £120bn in the last financial year, with just under £12bn in March
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Rolling coverage of the latest economic and financial news
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Death anxiety and end-of-life planning are all in a day’s work for a care worker who helps shepherd clients off this mortal coil
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The PCS union has warned the dispute with the Home Office has not been resolved.
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Greater fall per head and latest trade data illustrate longer term decline of economy
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The average US household now spends $25,513 a year on the 10 most common bills, an increase of 19% from 2019.
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The decision to leave rates unchanged for a fifth time comes despite UK recession and steep fall in inflation in recent months
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UK inflation fell back by more than expected last month to the lowest level in more than two years as the growth in food prices eased for cash-strapped households, official figures have shown.
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A deeper recession was avoided only thanks to record immigration, and the MPC is bound to be cautious about cutting interest rates
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Britain’s economy expanded in the first month of the year in a sign the recession that ended 2023 is already over.
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Most employers are holding on to staff, but more people are either not looking or not available for work
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Vinyl music sales – led by Taylor Swift's success - return to the basket of goods used to track prices.
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Recent data shows varying trends in customer demographics and shopping habits across major US retailers.
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Professional forecasters and economists have revised upwards America's 2024 growth expectations, expecting stronger growth, low joblessness, and cooling inflation.
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The UK government recorded a public sector net borrowing surplus of
£16.7 billion in January, lower than economists' forecasts, impacting the Chancellor's ability to deliver tax cuts in the upcoming Budget.
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A people-centred approach is crucial to tackling chronic diseases.