UK GDP fell by 0.3 per cent between the third and fourth quarters of 2012, according to the latest quarterly national accounts from the Office for National Statistics (ONS).
Posted in Sustainable Economy
Also tagged ONS
The IFS produced a new report today examining why British workers are getting less productive.
Following Friday’s poor growth figures, Ed Miliband went after David Cameron on his failing economic record at today’s Prime Minister’s Questions.
Chancellor George Osborne is the ultimate political swindler, taking credit for when the GDP figures are good, not taking the blame when they’re bad.
With today’s GDP figures confirming this is the longest depression in modern UK history, IPPR’s Spencer Thompson asks why the economy is still creating jobs.
Gross Domestic Product shrank 0.3 per cent in the final quarter of 2012 – with the economy flatlining through the whole of 2012.
This morning’s FT has a brilliant graph showing how each successive reassessment of the economy predicts the recovery will take longer to take hold.
The Bank of England appears to have thrown in the towel on growth with the publication of the latest Inflation Report, but where does this leave the chancellor?
Tentative GDP figures draws our attention to the fall in wages and its impact upon union rights, writes Tony Burke.
The headline stats – on GDP and on unemployment – are, on the face of it, good news for the economy and the government – yet the grim news keeps rolling in.