Economic update: Interest rates cut as inflation falls to eight-month low
The Bank of England cut interest rates in December 2025, for the fourth time this year. However, the labour market weakened and GDP unexpectedly fell.
Economic update: Inactivity due to illness reaches record
An estimated 20.6 million people were out of work and not looking for work at the beginning of 2024. The recent rise has been attributed to long-term illness.
Economic update: Inflation continues to fall as earnings growth rises
Concerns remain over the effects of earnings growth and a tight labour market on inflation. Government debt exceeded 100% of GDP for the first time since 1961.
