Home > Latest News > UK Economy

UK Economy

  • Oil price rises after Opec holds its output quota

  • 26th March 2010
  • The Organisation of Oil Exporting Countries (Opec) has agreed to keep to its existing oil output quota. The decision was widely expected but nonetheless sent the price of the UK benchmark, Brent crude oil, up by 72 cents to $81. 25 a barrel.US light sweet...

  • UK credit rating viewed as safe

  • 16th March 2010
  • The credit ratings of major AAA governments, including the US and the UK, are well positioned, says Moody's Investors Services.Moody's released a report on the financial position of major AAA rated governments.This includes the four largest - Germany, Fra...

  • Eurozone industrial production grows strongly

  • 16th March 2010
  • Industrial production in the 16 countries that use the euro increased by much more than expected in January. The 1. 7% growth between December and January was the largest monthly jump since Eurostat started producing the data in 1990.The increase fuels ho...

  • Recession tracker

  • 15th December 2009
  • Unemployment in the UK is now 2. 46 million, with the jobless rate at 7. 8%, slightly lower than last month when it hit the highest level since mid-1995.The number of people claiming unemployment benefit rose by 12,900 in October to 1. 64 million - the hi...

  • Households' fortunes 'mixed' in recession

  • 15th December 2009
  • Householders' disposable income has dipped sharply in the downturn but low interest rates have saved many from debt problems, a report suggests. A safety-first attitude to savings was inspired, in part, by a fear of redundancy, the survey for the Bank of ...

  • Record October rate for UK public sector borrowing

  • 20th November 2009
  • The UK's public sector net borrowing reached £11.42bn last month, official figures have shown.The figure was the highest for the month of October since records began in 1993 and was much higher than economists had expected.The ONS said public sector...