UK's official stats office; independent, non-ministerial, reports to Parliament
GDP has grown by 0.4% in July, driven by services and AI-related activity, marking a stronger-than-expected end to the month amid inflation risks and policy scrutiny. Ministers face pressure as growth momentum tests fiscal room ahead of the Budget.
Economists have forecast July GDP to be flat with June, after growth in June. July’s annual output is 1.6% higher than a year earlier, the fastest since February 2025, with services strength offsetting declines in production and construction. The Bank of England sees growth this year near 1.1% as inflation remains a focus.
A trio of analyses show wage gains lagging energy-price spikes, financial literacy faltering, and the American Dream under pressure. Despite pockets of wealth, many Americans feel the economy is not working for them as inflation persists and costs of living stay high.
The Defence Investment Plan has sparked a rift in the Labour government, with defence secretary John Healey and armed forces minister Al Carns resigning over funding delays. Sir Keir Starmer has urged discipline while vowing to push the plan forward; the Government says defence remains a priority amid mounting economic pressures.
Producer prices have risen in May, driven by energy costs, with wholesale inflation at 6.5% year over year. Core measures excluding energy show continued pressure; economists warn cost pressures may spread to consumers.
Inflation has eased modestly in May, with headline CPI slowing in several countries. In South Africa, inflation rose modestly due to higher fuel prices, while food inflation continues to subside. Across nations Nigeria and Malawi also show mixed patterns in food and non-food prices, reflecting uneven price pressures.
Inflation has held steady at 2.8% in May, the same as April, with transport costs (air fares, petrol) and taxes offset by slower food price rises. Petrol and fuel costs rise; airfares surge due to Easter timing, while food and heating costs ease. The Bank of England faces decisions as rate prospects remain uncertain.
Retail volumes have risen in May as hot weather and promotions boosted demand. Online sales and department stores led the gain, while food retailers fell. The three-month trend remains mixed amid shifting consumer behavior.
Official figures show unemployment at 4.9% in the three months to April with wage growth at 3.4% excluding bonuses and 4.4% including bonuses. Payrolled employment falls modestly; vacancies drop to the lowest in over five years. The data will keep BoE hawks watching as rate decisions loom.
China's official manufacturing PMI has edged into expansion at 50.3 in June from May's 50.0, with improvements in new orders and production. Export demand remains a key engine, while domestic consumption shows caution amid a prolonged property downturn. Analysts expect policy support to sustain momentum.
Andy Burnham is weighing a bid to lead Labour, with editors and economists warning that markets watch his moves closely. Starmer faces scrutiny over foreign and economic policy as his successor potential emerges amid cabinet turmoil and cost‑of‑living pressures.
Britain’s path with Europe has evolved a decade after the referendum. EU leaders say re-entry could happen, but only with exemptions and no four freedoms compromise; UK public opinion shows shifting, while the bloc signals a cautious, conditional path back.
The leadership contest accelerates as Andy Burnham is expected to enter the race to replace Sir Keir Starmer, with markets watching fiscal policy and the chancellor pick as gilts yields rise and sterling fluctuates.
The BBC has revised context on Brexit anniversary, with senior figures urging closer Europe links as polling shows Gen Z favors rejoining; leaders caution against reopening the debate as the UK navigates post-Brexit dynamics.
The Defence Investment Plan has been refreshed to prioritise frontline equipment, drones and autonomous tech. Dan Jarvis has secured additional funding, while resignations over funding highlighted political tensions. The plan aims to modernise the UK’s armed forces and deter evolving threats, with a focus on the High North and underwater infrastructure.
The government has announced a defence investment plan raising the defence budget by a total of 15 billion pounds over four years, with questions over funding gaps and how it will meet NATO targets. Burnham is tipped to take over as prime minister, while debates continue over how the funds will be sourced and allocated.
Public sector net borrowing in June has come in lower than forecast, driven by higher tax receipts and lower debt interest costs. The new Chancellor pledges fiscal discipline as the government aligns with its rules, while energy bills relief and a funding shift shape the autumn budget.
The ONS has shown wage growth in the private sector has slipped below 3% for the first time since 2020, with three-month vacancies dropping to 712,000. Unemployment remains at 4.9%, payroll numbers fall slightly, and market signals suggest softening conditions ahead as pay growth in the public sector keeps overall earnings above inflation.
Retail sales in June have risen by 1% year-on-year and month-on-month, driven by online shopping and warm weather. The ONS notes a strong online share, a boost from World Cup promotions, and caution about potential consumer weakness ahead due to cost-of-living pressures.
The government has signalled a new push on England’s social care system, with talks among Labour, Liberal Democrats and Conservative figures seeking a cross‑party consensus. The plan centers on a national care service, better pay for care workers, and a Casey review upgrade, while promising to fund reforms from existing budgets and avoid immediate tax rises.
The government has unveiled a major reform to place technical education on par with academic routes for 14-year-olds, starting from September 2028. The plan links studies to local jobs, expands work experience, and shifts school performance measures to reflect technical pathways. Reactions from unions and educators highlight funding and implementation questions amid a broader debate on youth unemployment and post-16 education.
The government has announced a major reform aimed at reducing the number of Neets (young people not in education, employment or training). The plan includes earlier access to technical education for 14-year-olds and a broader shift to align technical routes with academic pathways. Data show about 1.01 million Neets in early 2026, a 6% rise from the previous quarter. Milburn’s 2025 report warned of a £125 billion potential economic hit if action is delayed.
Labour Prime Minister has convened a Downing Street summit with Tory and Lib Dem leaders to press for cross-party reform of England’s social care system. He has accelerated Baroness Casey’s national care review and will launch a public consultation to shape a National Care Service, arguing reform is urgent to protect the NHS and families.
The latest U.S. inflation readings show persistence above the Fed’s 2% target while growth softens in Q2. Consumer spending remains resilient, but higher borrowing costs and energy prices complicate the outlook as policymakers weigh future moves.
The Bank of England has kept Bank Rate at 3.75% in a split MPC vote as rising energy prices linked to Middle East tensions threaten inflation. Six members vote to hold, three call for a hike to 4%. Inflation is expected to rise later this year before easing toward the target.
Whey protein, a key ingredient in infant formula, has seen prices surge due to rising demand and cost pressures. Guardian reports outline how GLP-1 weight-loss drugs fuel demand, while industry analysts warn of possible price passes to consumers. Independent assesses processing differences in whey (isolate vs concentrate) and notes limited impact on overall protein intake.
The government has overhauled the 90 billion public procurement system to prioritise young people’s employment and local skills development. The changes double the weight on social value from 10% to 20% for larger contracts, with extra credit for creating local jobs, training, and 45-day work experiences for youths. Green groups warn environmental safeguards must not be sacrificed. Citizens and businesses will be affected as the policy rolls out.
European wildfires are intensifying amid prolonged drought and hotter summers. Authorities are scaling up cross-border firefighting, while experts warn prevention and land management must adapt to a warming climate. The cost to homes, farms and insurers is rising, prompting talks on resilience and reform of forest policy.
Nigel Farage has won the Clacton by-election with a reduced majority, while Count Binface punctuates the race as a satirical counterpoint. With no major parties running, the race becomes a barometer for Brexit-era politics and Reform UK’s standing. Turnout sits around 44%, and the contest features a crowded field of 34 candidates.
Inflation has remained stubbornly high as energy prices stay elevated following the Iran conflict. Across the U.S. and UK alike, prices have moved little since last month, with energy and food costs continuing to weigh on households. Analysts say ongoing volatility will keep consumer costs under pressure in the near term.
GDP has expanded by 0.4% in Q2, driven by services and a hot-weather World Cup boost. Yet growth remains delicate amid high energy prices and geopolitical tensions, with Treasury modelling warning of a slower 2027 if Iran-hostilities persist.
A block of UK indicators shows services activity expanding and consumer confidence firming, while manufacturing remains modest. PMI readings point to continued growth in Q3, supported by tech investment and exports, though inflation and public finances remain a risk.
England and Wales face persistent prison overcrowding amid a capacity shortfall. New plans aim to ease pressure by expanding spaces and shifting inmates to open facilities, while warnings about safety and staffing persist.
Meteorological services have confirmed that summer 2026 has recorded the highest mean temperatures on record across the UK and much of western Europe, driven by five widespread heatwaves, prolonged drought and repeated 30°C+ days. Health services, farmers and transport networks have been disrupted and provisional estimates link thousands of excess deaths to the heat.
Public borrowing in July stands at 1.8 billion, above forecasts, with four-month deficit at 56.7 billion. Tax receipts hit a record for July, but spending growth outpaced receipts, keeping debt near 3 trillion and GDP share at about 94%. Chancellor Healey to unveil October Budget amid fiscal discipline pledges.
Retail sales volumes have fallen again in July, led by non-food and clothing sectors, while food and drink have bucked the trend thanks to hot weather and World Cup excitement. The Official Statistics Office says promotions were pulled forward into June, reducing July gains. The three-month trend remains positive, but the high street faces momentum challenges into autumn.
Graduate job openings in the UK have fallen to 8,383 in July, a 45% drop from a year ago and the lowest since Adzuna began tracking the data in 2016. Competition per vacancy has risen while overall listings in key sectors have contracted. Some sectors are still hiring, and employers are shifting to AI and automation.
A wave of paid social clubs is reshaping how young adults form connections as loneliness rises. Platforms like PLY and Agora offer curated events and memberships, while researchers note a broader cultural shift toward intentional, real‑world gatherings.
ONS data shows 981,000 young people aged 16-24 are not in education, employment or training (Neet) in April–June, a fall of 30,000 from January–March but 30,000 higher than a year ago. Milburn’s forthcoming review is expected to push for wide reforms to education, welfare and jobs support.
Dolly Parton has died at 80. In interviews from CNBC and Business Insider UK, she reflects on career-defining moments, including leaving Porter Wagoner's show, writing I Will Always Love You, and negotiating publishing rights. Her philosophy blends work, purpose and resilience as she faced health, age and business decisions.
The latest data show the U.S. debt level has surged to around $40 trillion, with deficits remaining large and interest costs rising. The government must refinance vast sums this year as deficits persist, and the nation faces a fiscal reckoning that will influence households, politics and investment decisions for years to come.
UK ministers are pushing new schemes to tackle Neet levels as government-backed opportunities expand. Reports show over a million young people are economically inactive, with work schemes at Boots and new guarantees shaping the debate.
The London and South East University Group (LASE) has merged two mid-ranking institutions to create one of the UK’s largest university systems, with more than 50,000 students across campuses in London, Medway and Kent. The move is designed to deliver economies of scale and greater regional impact amid rising financial pressures, while keeping Greenwich and Kent as distinct divisions within the new group.
The latest inflation reports have kept pressure on American households, with both wholesale (PPI) and consumer (CPI) indices showing prices staying above 3%. The Federal Reserve faces ongoing debates over possible rate moves as energy costs and supply-chain dynamics feed through, while investors digest a strong jobs backdrop.
Lloyds Bank has reported that UK house prices have fallen 0.4% year on year in August, marking the first annual decline since November 2023. The typical UK price is 298,468 pounds, with monthly changes showing a 0.2% decrease in August after July. Experts say prices remain higher than pre-pandemic levels, but affordability pressures persist across regions. Analysts forecast ongoing subdued activity in the coming months as borrowing costs and geopolitical tensions weigh on sentiment.
Dame Rachel de Souza has warned that roughly 42,000 16-17-year-olds in England are enrolled in colleges but attend less than half the time, a situation she calls a hidden NEET crisis. Official Neet figures exceed one million for 16-24-year-olds, with college non-attendance not captured in the statistics. The government says it will improve attendance tracking across colleges.