Government borrowing surpasses £30bn in April

Public sector net borrowing, excluding that from public sector banks, hit an estimated £31.7 billion in April 2021, the second highest April borrowing since monthly records began in 1993, £15.6bn less than in April 2020. The figures from the Office for National...

Inflation increases to 1.6%

Inflation rose by 1.6% in the 12 months to April, up from the 1% inflation rate recorded in March and the first time it went above 1% since July 2020. On a monthly basis, inflation rose in April by 0.7% following an increase of 0.2% in March. The jump in inflation...

Unemployment decreases by 0.9%

Early estimates from the Office for National Statistics (ONS) indicate unemployment fell by 0.9% in April 2021 compared to the same period of the previous year, equivalent to 257,000 people. The ONS report also recorded the fifth consecutive month in which the number...

Economy grew by 2.1% in March 2021

GDP is estimated to have grown by 2.1% in March 2021 with the reopening of schools in parts of the UK, the fastest growth seen since August 2020, figures show. According to the report by the Office for National Statistics (ONS), the service sector grew by 1.9% in...