The number of people out of work fell by 99,000 to 2.39 million in the three months to October, according to the Office for National Statistics. (more…)
UK INFLATION FALLS TO 2% TARGET RATE!
The UK’s inflation rate, as measured by the Consumer Prices Index, fell to 2% in December, down from 2.1% the month before.
It is the first time inflation has been at or below the government-set target of 2% since November 2009. (more…)
The provisional UK economic growth figure for the third quarter of 0.8% was in line with market expectations, but no less welcome for that. As the graph shows, the UK economy has made a stuttering recovery from the financial crisis, but now appears to be gaining some momentum.
The number of people aged over 65 in work has reached a new record.
There are now over one million people in work aged 65 or over according to the latest statistics from the ONS. That represents nearly one in ten of the 65 and older population – more than double the proportion at the start of 2001. There has been a steadily rising trend, seemingly immune to the vagaries of the UK economy since the turn of the millennium.
