Britain’s economy grew 1.3 percent in the third quarter, a far slower pace than the previous three months, as global supply constraints hit businesses hard, official data showed Thursday. Gross domestic product growth for the July-September period compared with output of 5.5 percent in the second quarter, the Office for National Statistics (ONS) said in … Read more
“People live by narrative,” Boris Johnson told the Atlantic’s Tom McTague, for a long and revealing profile this week that explains quite a lot about how Johnson views the secret of his political success. But the House of Commons is an arena where fact, argument and repartee tend to count more than narrative and that … Read more
British consumer price inflation more than doubled in April to stand at 1.5%, up from 0.7% in March, official figures showed on Wednesday. A Reuters poll of economists had pointed to a rise in inflation to 1.4%. A jump in regulated electricity and gas bills and higher clothing prices helped to push inflation up. Core … Read more
LONDON: The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The economy shrank 9.9 per cent last year, more than twice the figure for 2009 at the height of the global financial crisis, the Office … Read more