Menu
25/01/2013
ONS Revealed Economy Fell 0.3% At End Of 2012
New figures from the Office for National Statistics (ONS) have revealed that the UK economy shrank by 0.3% in the last three months of 2012.
The news has fueled further speculation that the economy could re-enter recession.
It is believed the fall is largely due to a drop in mining and quarrying, after maintenance delays at the UK's largest North Sea oil field.
In the previous 2912 quarter the economy had grown by 0.9%, boosted by the London 2012 Olympic Games.
The ONS figures show that overall, for the whole year, growth was flat.
(H/GK)
The news has fueled further speculation that the economy could re-enter recession.
It is believed the fall is largely due to a drop in mining and quarrying, after maintenance delays at the UK's largest North Sea oil field.
In the previous 2912 quarter the economy had grown by 0.9%, boosted by the London 2012 Olympic Games.
The ONS figures show that overall, for the whole year, growth was flat.
(H/GK)
Related UK National News Stories
Click here for the latest headlines.
28 January 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.
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.
29 April 2014
0.8% Growth For UK Economy
The UK economy has grown by 0.8% in the first quarter of 2014, official figures have claimed. This is the fifth consecutive increase in GDP growth. However, the Office for National Statistics (ONS), which published the findings, said the economy remains 0.6% smaller than its peak of 2008.
0.8% Growth For UK Economy
The UK economy has grown by 0.8% in the first quarter of 2014, official figures have claimed. This is the fifth consecutive increase in GDP growth. However, the Office for National Statistics (ONS), which published the findings, said the economy remains 0.6% smaller than its peak of 2008.
30 June 2009
UK Economy Shrinks At Fastest Rate For Half A Century
The British economy weakened at its fastest rate in over 50 years, new data released today has shown. The figures from the Office for National Statistics (ONS) showed the economy had contracted by its fastest rate since 1957, with output falling to 2.4% - much worse than the 1.9% drop previously estimated.
UK Economy Shrinks At Fastest Rate For Half A Century
The British economy weakened at its fastest rate in over 50 years, new data released today has shown. The figures from the Office for National Statistics (ONS) showed the economy had contracted by its fastest rate since 1957, with output falling to 2.4% - much worse than the 1.9% drop previously estimated.
30 September 2014
UK Economy Grows By 0.9% – ONS
The UK's economy grew by 0.9% in the second quarter of 2014, newly-released figures have revealed. According to the Office for National Statistics (ONS), UK GDP was also 3.2% higher in the second quarter, compared to a year earlier.
UK Economy Grows By 0.9% – ONS
The UK's economy grew by 0.9% in the second quarter of 2014, newly-released figures have revealed. According to the Office for National Statistics (ONS), UK GDP was also 3.2% higher in the second quarter, compared to a year earlier.
03 May 2012
UK Economy Will Pick Up In 2012, Says CBI
The UK economy will see growth resume in the second half of 2012, with faster GDP growth during 2013, according to the latest quarterly CBI economic forecast. The CBI expects GDP growth in 2012 will be 0.6%, slightly down from its forecast in February of 0.9%. This is a direct consequence of the preliminary ONS figure for quarter one.
UK Economy Will Pick Up In 2012, Says CBI
The UK economy will see growth resume in the second half of 2012, with faster GDP growth during 2013, according to the latest quarterly CBI economic forecast. The CBI expects GDP growth in 2012 will be 0.6%, slightly down from its forecast in February of 0.9%. This is a direct consequence of the preliminary ONS figure for quarter one.
-
Northern Ireland WeatherToday:A fine dry days weather with sunshine quite widespread, particularly from mid-morning. Temperatures best across southern districts. North to northwesy breezes occasionally freshening around the coasts. Maximum temperature 15 °C.Tonight:Most dry with good clear spells bringing a rural frost in the south for some. Cloudier around northern coasts where the odd light shower may develop. Northerly breezes persisting. Minimum temperature 0 °C.
