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office of national statistics
’GDP shock flop
The recession in the UK continues. In fact it is now the longest on record.
From Reuters:
…
To put those figures into perspective, Reuters says economists were expecting growth of 0.2 per cent over the quarter after a 0.6 per cent fall between April and June.
UK unemployment at highest rate since 1996
From the UK Office of National Statistics on Wednesday:
That’s a UK unemployment rate of 7.9 per cent in August, up 0.7 per cent on the previous three months — slightly less than the 8 per cent rate anticipated by the market.