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28/01/2014
ONS Figures Show Growth In UK Economy
New figures from the Office for National Statistics (ONS) have shown that the UK economy grew by 1.9% in 2013, despite gross domestic product falling by 0.1%, finishing the final quarter at 0.7%.
Chancellor George Osborne has said that the numbers are a boost to economic security and further evidence that the governments economic plan is working.
Labour's shadow chancellor however said that while the numbers were welcome, there was still no recovery for people facing a cost-of-living crisis.
(MH/CD)
Chancellor George Osborne has said that the numbers are a boost to economic security and further evidence that the governments economic plan is working.
Labour's shadow chancellor however said that while the numbers were welcome, there was still no recovery for people facing a cost-of-living crisis.
(MH/CD)
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Poor performance on consumer growth
Data produced from the Office of National Statistics (ONS) today shows that the UK economy shown its worst performance in a decade as a High Street slow down puts a stop on growth. The preliminary estimate shows that the chained volume measure of gross domestic product (GDP) increased by just 0.4 per cent between April and June.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
