UK unemployment rises to 1.7m

UK unemployment rose by 21,000 to 1.7 million between December and February, the Office for National Statistics (ONS) says. UK unemployment rose by 21,000 to 1.7 million between December and February, the Office for National Statistics (ONS) says. That is the first increase since the May-July period of last year. The unemployment rate remained at

Continue Reading

IMF cuts global growth forecast to 3.2%

The International Monetary Fund (IMF) downgraded its 2016 global growth forecast from 3.4% to 3.2% on Tuesday, as it warned about the risk of creeping stagnation. The International Monetary Fund (IMF) downgraded its 2016 global growth forecast from 3.4% to 3.2% on Tuesday, as it warned about the risk of creeping stagnation. In its latest World Economic Outlook,

Continue Reading

UK economy ‘near stalling’ as service sector slows UK economic growth is “near stalling”, partly due to uncertainty over the EU referendum, according to a closely-watched survey.

UK economic growth is “near stalling”, partly due to uncertainty over the EU referendum, according to a closely-watched survey. Research firm Markit said its Purchasing Managers’ Index (PMI) surveys for April pointed to growth of just 0.1% in the month. The latest PMI survey indicated the UK’s services sector grew at its slowest pace in three

Continue Reading