The number of unemployed people in Britain fell by 7,000 to 2.59 million in the quarter to July compared with the three months to April, official data showed on Wednesday. Britain’s unemployment rate was stable at 8.1 percent, the Office for National Statistics said in a statement. The rate and…
Britain’s recession is deeper than thought as official data on Thursday shows the economy shrank 0.3 percent in the first quarter following a higher-than-expected 0.4-percent contraction in late 2011. The Office for National Statistics said in a statement that British gross domestic product (GDP) shrank 0.3 percent between January and…
Britain’s recession is worse than previously thought, as revised official figures showed on Thursday that the economy shrank by more than expected in the first quarter of 2012. “UK gross domestic product (GDP) in volume terms decreased by 0.3 percent in the first quarter of 2012, revised from a previously…
Tablet computers like Apple’s iPad and Samsung’s Galaxy Tab have been added into the basket of goods used to measure official British inflation, the Office for National Statistics said Tuesday. Inflation is measured each month by a notional “shopping basket” filled with typical goods and services bought by the average…