Credit, Collections & Insolvency News
Latest ONS data has shown that GDP unexpectedly fell by 0.1 per cent in May, marking a second consecutive monthly decline. This follows April’s decline of 0.3 per cent and underscores the challenge the Government’s faces in terms of the overall economy. Manufacturing, retail, and energy sectors saw notable drops, including weaker car production and…
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The UK economy grew by 0.1% in the final months of 2024 according to the Office for National Statistics (ONS). The data showed growth in the quarter was driven by a range of industries, from pubs and bars to machinery manufacturers, having a strong December. Responding to the figures, ONS Director of Economic Statistics Liz…
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Gross domestic product (GDP) declined by 0.1% month on month in October for the second consecutive time and below expectations of 0.1% growth. GDP is estimated to have fallen largely because of a decline in production output; this follows a fall of 0.1% in September 2024. Real GDP is estimated to have grown by 0.1%…
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Office for National Statistics (ONS) data shows that the economy grew by just 0.1% between July and September, falling back from the 0.5% growth seen between April and June. The stalling of growth is being blamed on the worries in the economy over the potential tax rises that were being anticipated in Labour’s first budget…
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Latest Office for National Statistics (ONS) data shows that the economy returned to growth in April, with a 0.2% increase. The latest figures marks an improvement on the 0.3% fall recorded in March. The ONS report also shows that the economy expanded by 0.1% in the three months to April. Commenting on GDP figures for…
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