Office for National Statistics has ‘deep-seated’ problems and needs an overhaul
Devereux Review on the UK’s main statistics body also says a revision of past figures may be required The UK’s main statistics body needs a £10m overhaul and its top role split in two after a series of management failings and errors that have plagued the organisation for
Read MoreGrowing signs of slowdown in UK jobs market, says Bank of England governor
Andrew Bailey warns of ‘significant decline in wage growth in year ahead’ as Bank prepares for interest rates decision Business live – latest updates There are growing signs that the UK jobs markets is slowing as employers respond to higher national insurance contributions (NICs) by cutting hiring and
Read MoreDevelopment Minister sets out new UK approach to development at G20 meeting in South Africa
The UK is resetting its relationship with countries in the Global South and helping countries exit the need for aid, as Baroness Chapman attends the G20 Development Ministerial Meeting in South Africa. HM GovernmentSource
Read MoreBritain remains trapped in poor economic policy | Letters
Readers respond to Randeep Ramesh’s article on the flaws in Labour’s approach to the economy Randeep Ramesh certainly tackles a worthwhile and complex modern economic policy conundrum (Labour could find the money it wants without raising taxes. This is austerity by amnesia, 29 June). But his opinion that
Read More‘David Attenborough on a tenner’: Guardian readers’ ideas for new banknotes
Bank of England has asked public for views before first major redesign of banknotes in more than 50 years Banknotes issued by the Bank of England are to have a major redesign for the first time in more than 50 years. Historic figures such as Winston Churchill and
Read MoreAUKUS treaty deepens UK-Australia defence partnership to generate £20 billion in trade and create 7,000 new jobs
Foreign Secretary and Defence Secretary in Australia alongside UK’s Carrier Strike Group – demonstrating government’s commitment to a free and open Indo-Pacific. HM GovernmentSource
Read MoreTell us: what would you like to see on a redesigned bank note?
Banknotes issued by the Bank of England are being redesigned. We’d like to hear your suggestions for a new theme Banknotes issued by the Bank of England are to have a major redesign for the first time in more than 50 years. Historic figures such as Winston Churchill
Read MoreUK inflation rise makes it clear: the cost of living crisis has not gone away
Analysts say pressure will be on Bank to keep interest rates higher for longer, as consumers’ mood stays gloomy UK inflation rises unexpectedly to 3.6% Business live – latest updates For anyone hoping the Bank of England will pick up the pace of interest rate cuts – including
Read MoreRachel Reeves needs wider headroom against fiscal rules, ex-Bank of England deputy says
Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’ Business live – latest updates The former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider headroom against her fiscal rules – a decision
Read MoreUK households hit by squeeze on living standards despite fastest growth in G7
ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable income Business live – latest updates UK households faced a renewed cost of living squeeze in the first three months of 2025 amid increases in taxes and inflation, official figures show, despite
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