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The Latest Breaking News from Office for National Statistics

Warning as figures show rise in young people not in education, jobs or training

The TUC says young people are paying the price of the Conservative Party’s ‘toxic economic legacy’.

Evening Standard

Debt interest and civil service pay deals pushed borrowing to £17.4bn last month

Borrowing rose to £17.4 billion last month marking the second highest October figure since monthly records began.

The Independent UK

Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nears $100,000 – as it happened

UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes up bitcoin

The Guardian - UK

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Mortgage pain fuels highest rise in home ownership costs in 30 years

Homeowners’ costs rose 7.4 per cent in the year to October, the highest rate since February 1992, figures from the Office for National Statistics show

The Independent UK

Inflation jumps to 2.3 per cent in sharpest increase for two years

UK inflation has risen to its highest level since April driven by an increase in household energy bills, according to official figures...

The National (Scotland)

Annual house price growth accelerated in September – ONS

Experts have also warned that Wednesday’s jump in inflation could bring further headaches for mortgage borrowers.

The Independent UK

Average cost of a London home drops by 0.5 per cent while UK price growth is on the rise

Experts warn that Wednesday’s jump in inflation could bring further headaches for mortgage borrowers

Evening Standard

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Inflation jumps to 2.3% in sharpest increase for two years

The Office for National Statistics said Consumer Prices Index inflation rose to 2.3% for October, from 1.7% in the previous month.

The Independent UK

FTSE 100 Live 20 November: Sage sparkles, inflation rebound dents rate-sensitive stocks

Inflation’s rebound to an annual rate of 2.3% today dealt a setback to the outlook for lower interest rates.

Evening Standard

ONS may have ‘lost’ a million workers from job figures since pandemic

Resolution Foundation says figures are ‘overly pessimistic’ as people in work are less likely to answer survey

The Guardian - UK

Almost a million workers ‘lost’ by unreliable official data, claims think tank

The Resolution Foundation said the ONS has underestimated growth in employment by 930,000 workers since 2019.

Evening Standard

Housework to green energy: the new markers of growth in rival metric to GDP

Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS

The Guardian - UK

'Extremely challenging': London's richest borough consults on cuts as housing bill leaves £40m budget hole

Kensington and Chelsea council said it will need to make some ‘difficult decisions’ as it seeks to plug its budget hole

Evening Standard

Rachel Reeves targets trade deal with Donald Trump as UK economy stalls

As official figures showed economic growth stalling under Labour, Rachel Reeves said she wanted to boost trade with the US and ‘looks forward to working with president-elect Donald Trump’

The Independent UK

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Evening Standard

Economic growth slows to 0.1% between July and September

The quarterly estimate was behind economists’ predictions and comes as a blow to Chancellor Rachel Reeves.

The Independent UK

Bank of England chief to say UK must ‘rebuild relations’ following Brexit

Andrew Bailey will talk about the importance of economic growth at the annual Mansion House speech in the City of London.

International Business Times UK

ONS Report: UK Remote Workers Sleep 24 More Minutes And Work 10 Minutes Less Than In-Office Peers

ONS revealed remote civil servants sleep more, work less, and enjoy better work-life balance, while hybrid work reshapes productivity across the public sector.

Fortune

Gen Z is avoiding university—but it could be the key to landing a hybrid job

Hybrid work is popular for many reasons. But if having a hybrid job is the goal, shunning university could hurt candidates' chances, ONS found.

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Evening Standard

London unemployment jumps to its highest rate in more than three years

The jobless rate has been rising more quickly in London than in other regions over recent months

The Guardian - UK

UK jobs market cools as businesses warn over budget hit to hiring and prices

Rise in unemployment comes amid concerns over increase in employers’ national insurance contributions

The Guardian - UK

UK grocery inflation picks up to 2.3%; unemployment rises while regular wage growth slows – as it happened

Consumers started their Christmas shopping early, Kantar says; UK jobless rate rises to 4.3% while wage growth excluding bonuses is at a two-year low

Evening Standard

Wage growth slows further as unemployment rises – ONS

The ONS said average regular earnings growth eased back to 4.8% in the three months to September.

Evening Standard

Home workers spend more time sleeping and exercising, survey shows

The survey looked at the activities of people on weekdays and who work at least seven hours.

TechRadar

Hybrid work is the ‘new normal’ for many workers

ONS statistics show how hybrid work is evolving in the UK.

The Guardian - UK

Hybrid working much more likely if staff have a degree, says ONS

Official figures show ability to work from home differs greatly across age, job type and education

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