Category: UK

The latest UK House Price Index reveals a significant dip in average house prices, marking a 2.1% decrease in the 12 months leading to November 2023. This figure, a provisional estimate, reflects a notable drop from the revised estimate of -1.3% in the previous month. The average UK house price now stands at £285,000, down…

The Office for National Statistics (ONS) has reported a 0.8% decline in UK public service productivity for the third quarter of 2023 compared to the previous quarter. This marks the second consecutive quarterly fall, with levels remaining relatively stable since Q2 2021. Key Points: The ONS urges caution in interpreting these estimates, emphasizing ongoing methodological…

Ivanti has reported two critical vulnerabilities affecting Ivanti Connect Secure (ICS) and Ivanti Policy Secure (IPS) gateways, prompting active exploitation. The National Cyber Security Centre (NCSC) advises immediate action to mitigate these vulnerabilities (CVE-2023-46805 and CVE-2024-21887) and recommends following Ivanti’s latest guidance. Vulnerability Details: Exploitation Scenario: When CVE-2024-21887 is coupled with CVE-2023-46805: Actions for Affected…

The latest release of household final consumption expenditure (HHFCE) data for the UK, covering the third quarter of 2023 (July to September), offers insights into consumer trends and economic growth. This accredited National Statistic provides a comprehensive view of household spending on goods and services. Here are the key findings: Consumer Trends Data: Measuring the…

The latest release of the Business Insights and Conditions Survey (BICS) provides valuable information on the challenges faced by UK businesses and their impact on the economy. Conducted through a voluntary fortnightly survey, the BICS captures real-time data on financial performance, workforce, trade, and business resilience. Here are the key findings from Wave 98, conducted…

The latest release of the Business Insights and Conditions Survey (BICS) sheds light on the challenges faced by UK businesses, providing real-time information on critical factors affecting the economy. Here are the key points from the January 4, 2024 release: Commentary: The data reflects the resilience of UK businesses amid challenges, with improvements in supply…

In the third quarter of 2023, household spending in the UK contracted by 0.5% when adjusted for inflation compared to the previous quarter. Despite this decline, spending showed a 0.7% increase compared to the same period in 2022. However, when contrasted with pre-pandemic levels in Q4 2019, household spending witnessed a decrease of 1.6%. These…

The UK’s gross domestic product (GDP) experienced a marginal contraction of 0.1% in the third quarter of 2023, leaving the economy only slightly larger than the same period the previous year. Higher prices and tighter financial conditions contributed to the economic slowdown. The country maintained a net borrowing position of 2.5% of GDP in Q3…

The latest release of the Consumer Trends report for the UK, covering the period from July to September 2023, reveals a modest decline in household spending growth. Adjusted for inflation, the quarter witnessed a negative growth of 0.5% compared to the preceding quarter. However, in a year-on-year comparison with the same period in 2022, household…

The latest consumer trends data for the UK, covering July to September 2023, reveals a decline of 0.5% in household spending growth (adjusted for inflation) compared to the preceding quarter. In contrast, there was a 0.7% increase in household spending compared to the same period in 2022. However, when measured against the pre-COVID-19 levels of…

In the latest release from the UK National Accounts, household spending experienced a negative growth of 0.5% in Quarter 3 (July to Sept) 2023, compared with the previous quarter. While there was a 0.7% increase in spending compared to the same period in 2022, it marked a 1.6% decrease when contrasted with pre-pandemic levels in…

According to the latest data released on December 22, 2023, by the UK’s Office for National Statistics, household spending in Quarter 3 (July to Sept) 2023 experienced a negative growth of 0.5% when adjusted for inflation compared to Quarter 2 (Apr to June) 2023. However, there was a 0.7% increase in spending compared to the…

The latest experimental data on the UK economy and society, employing rapid response surveys and novel data sources, reveals dynamic trends in economic activity and social dynamics. Key Insights: https://www.ons.gov.uk/redir/eyJhbGciOiJIUzI1NiJ9.eyJpbmRleCI6MiwicGFnZVNpemUiOjEwLCJwYWdlIjoxLCJ1cmkiOiIvcmVsZWFzZXMvZWNvbm9taWNhY3Rpdml0eWFuZHNvY2lhbGNoYW5nZWludGhldWtyZWFsdGltZWluZGljYXRvcnMyMWRlY2VtYmVyMjAyMyIsImxpc3RUeXBlIjoicmVsZWFzZWNhbGVuZGFyIn0.0P4-RqIQK4EpD_tZWRiPIOQYBujJ5_sDV_hL3UK5a_Y

In December 2022, visits to the UK by overseas residents declined to 3.0 million, marking a 14% drop compared to December 2019. However, spending by these visitors rose from £2.1 billion to £2.4 billion. Similarly, UK residents’ visits abroad fell to 4.0 million, 21% lower than December 2019, while spending overseas remained steady at £3.4…

The Office for National Statistics (ONS) has released the latest findings from the Opinions and Lifestyle Survey, providing a snapshot of public sentiments and trends in Great Britain from November 29 to December 10, 2023. Here are the main points: Christmas Plans: Financial Concerns: Coping with Higher Living Costs: Home Comfort and Energy Bills: The…

The Office for National Statistics (ONS) has released the latest monthly estimate of the UK’s Gross Domestic Product (GDP) for October 2023. Here are the main points from the report: This release paints a picture of a stagnating economy, highlighting the challenges faced by various sectors. The impact of the ongoing pandemic and other contributing…

The UK’s National Statistics Office has released experimental statistics on firm-level productivity, business dynamism, and business markup estimates, covering the period from 1997 to 2022. Here are the key points from the report: The report aims to provide insights into how the UK economy has evolved in terms of productivity, business dynamism, and market power,…

The UK’s National Cyber Security Centre (NCSC) has introduced a groundbreaking Cyber Incident Exercising (CIE) scheme, offering organizations access to NCSC-assured Exercising providers for the first time. The initiative is designed to enhance cyber resilience by allowing companies to practice and refine their responses to cyber incidents through structured table-top or live-play exercises. Key Highlights:…

The Office for National Statistics (ONS) has released an experimental dataset illuminating industry-to-industry payment patterns in the UK. Derived from anonymized Bacs Direct Debit and Direct Credit payments spanning January 2016 to October 2023, this dataset aims to unravel the intricacies of UK supply chain dynamics. Key Highlights: Total Payment Trends: Bacs payments between industries…

A recent analysis reveals that one in five workers in the East and West Midlands were employed in the UK’s highest-emission industries in 2021, surpassing the national average. These findings shed light on the regional variations in the workforce’s exposure to the government’s ambitious target of achieving net-zero greenhouse gas emissions by 2050. The data,…