Category: UK
-
Experimental Methodology Revealed for Estimating UK Interregional Trade
The Economic Statistics Centre of Excellence (ESCoE) has introduced an experimental methodology for estimating UK interregional trade in goods and services at the International Territorial Level 1 (ITL 1), covering Northern Ireland, Scotland, Wales, and the nine English regions. The methodology combines primary data from devolved administrations’ trade surveys with ONS business survey data and…
-
Cost of Living and NHS Remain Top Concerns in Great Britain, Survey Shows
The latest Opinions and Lifestyle Survey (OPN) conducted between July 12 and July 23, 2023, sheds light on the prevailing public opinions and social trends in Great Britain. The survey reveals that the most pressing issues facing the UK today, according to respondents, are the cost of living, the NHS, the economy, climate change and…
-
UK Quarterly Greenhouse Gas Emissions Decline 1.4% in Q1 2023
The latest experimental estimates from the Office for National Statistics (ONS) reveal that greenhouse gas emissions in the UK on a residence basis declined by 1.4% in the first quarter (Jan to Mar) of 2023, compared to the same period in 2022. The estimated emissions for Q1 2023 stood at 151 million tonnes of carbon…
-
Foreign Direct Investment in the UK by Ultimate Controlling Economies: North American Companies Lead in 2021
In 2021, companies in the North Americas held a commanding position in the UK’s inward Foreign Direct Investment (FDI) stock, controlling a staggering £868.9 billion, which accounted for 43.4% of the total inward FDI in the country. This was a notable increase of £150.8 billion compared to the immediate position. In contrast, the ultimate FDI…
-
UK Manufacturers’ Sales by Product: 2022 Results Show Resilience with £429.8 Billion in Sales
The latest data on UK manufacturers’ sales by product for the year 2022 has been released, and it reveals encouraging growth in the industry. The total value of UK manufacturers’ product sales in 2022 was recorded at £429.8 billion, a substantial increase of £28.4 billion or 7% from the previous year, which saw sales at…
-
UK Economic Activity and Social Change: Real-Time Indicators – 20 July 2023
Early experimental data on the UK economy and society has been released, presenting faster indicators created using rapid response surveys, novel data sources, and experimental methods. The data provides insights into the current state of various sectors in the UK. Here are the main points from the latest release: These results are experimental and subject…
-
Retail Sales Show Resilience with 0.7% Increase in June
The latest estimates for retail sales in the UK indicate a 0.7% increase in volume terms during June 2023. This growth was seen across all major sectors, including food, non-food, and non-store retailing, except for automotive fuel, which experienced a slight decline. This follows a revised increase of 0.1% in May 2023 (previously reported as…
-
Preparedness for Online Safety Regulation in the UK
A new report has assessed the preparedness of the UK government and Ofcom in implementing the Online Safety Bill and ensuring online safety for citizens. The report, published by the Department for Digital, Culture, Media & Sport (DCMS) and the Department for Science, Innovation and Technology (DSIT), examines the progress made in establishing the regulatory…
-
UK Lifts Financial Sanctions on SINS AVIA TRADING HOUSE LLC Amid Myanmar Regulatory Update
On July 5, 2023, the United Kingdom announced the lifting of financial sanctions on SINS AVIA TRADING HOUSE LLC, a company previously subjected to an asset freeze under the Myanmar (Sanctions) Regulations 2021. These regulations were established under the Sanctions and Anti-Money Laundering Act 2018, allowing the UK to impose sanctions on individuals or entities…
-
UK Study: Low Emission and Congestion Charge Zones Linked to Public Health Benefits
: Measures aimed at reducing congestion and air pollution in major cities through Low Emission Zones (LEZs) and Congestion Charging Zones (CCZs) have been linked to significant health benefits, according to a new review conducted by researchers from Imperial College London. The review analyzed published scientific evidence regarding the health impacts of LEZs and CCZs…
-
Next Generation Satellites Revolutionize Weather Forecasting in the UK
The UK’s Science and Technology Facilities Council (STFC) RAL Space has achieved a significant milestone by delivering 20 state-of-the-art receivers for the MetOp-Second Generation (MetOp-SG) satellites. This groundbreaking technology is set to play a crucial role in advancing our understanding of Earth’s atmosphere, elevating weather forecasting capabilities to new heights. The MetOp-SG Programme: Advancing Meteorological…
-
UK Businesses Show Signs of Improvement Amid Ongoing Challenges
The latest release of the Business Insights and Conditions Survey (BICS) by the Office for National Statistics (ONS) reveals that business conditions in the UK continue to remain challenging. However, there are signs of improvement in several key measures. The survey, conducted fortnightly, provides real-time information to assess the impact of various factors on UK…
-
Retail Sales in the UK Show Modest Growth in May 2023
In May 2023, retail sales in the UK experienced modest growth. The overall volume of retail sales increased by 0.3% compared to the previous month. Non-store retailing, which includes online retailers, saw a significant rise in sales volumes of 2.7%. This increase can be attributed to strong sales of outdoor-related goods and summer clothing, boosted…
-
UK Retail Sector Shows Mixed Performance in Implied Deflator and Retail Sales Index
In the latest data released by the UK Office for National Statistics (ONS), the implied deflator for various sectors of the retail industry showed a mixed performance in the month-on-previous-month percentage change. According to the report, AGG 1, which represents predominantly food stores, experienced a 1% increase compared to the previous month. On the other…
-
UK Private Rental Market Summary Statistics in England: April 2022 to March 2023
London, UK – The latest release of the Private Rental Market Summary Statistics in England reveals the key trends and figures for the period from April 2022 to March 2023. The data, calculated using information from the Valuation Office Agency, provides valuable insights into the rental market in England. Here are the main highlights from…
-
UK House Prices: Significant Variations in Median Prices Across Regions
The Office for National Statistics (ONS) has released its latest house price statistics for small areas (HPSSA) data, revealing significant variations in median prices across different regions in England and Wales. The data covers the 12 months ending December 2022. According to the report, the median price paid for residential properties in Lower-layer Super Output…
-
UK House Price Index: April 2023
According to the latest data released by the UK House Price Index, average house prices in the UK experienced a 3.5% increase in the 12 months leading up to April 2023. This growth rate is slightly lower than the 4.1% recorded in March 2023. The average house price in the UK reached £286,000 in April…
-
Market Value of UK Funded Occupational Pension Schemes Declined in the Fourth Quarter of 2022
The latest release of the Financial Survey of Pension Schemes (FSPS) by the Office for National Statistics reveals the performance of UK funded occupational pension schemes for the period of October to December 2022. The survey provides insights into membership, income and expenditure, transactions, assets, and liabilities of these pension schemes. Key findings from the…
-
UK Private Rental Prices Continue to Rise, Reaching Highest Annual Percentage Change Since 2016
The latest release from the UK Index of Private Housing Rental Prices (IPHRP) reveals that private rental prices paid by tenants in the UK have increased by 5.0% in the 12 months leading up to May 2023. This marks a slight uptick from the 4.8% increase observed in the previous 12-month period ending in April…
-
UK Economic Activity and Social Change: Real-Time Indicators Point to Concerns in Business and Workforce, Energy and Housing, Consumer Behavior, and Transport
The latest release of experimental data and analysis on economic activity and social change in the UK reveals key insights into various sectors. These real-time indicators, generated through rapid response surveys, novel data sources, and experimental methods, provide valuable information on the current state of the UK economy. Here are the main points from the…