Ons

When the sun shineth…go shopping. That’s what we did in our droves during April, boosting retail sales by 4 per cent compared to the same month last year. According to the Office for National Statistics (ONS), anecdotal evidence from retailers suggests that good weather contributed to growth in sales, which increased by 2.3 per cent in the three months to April compared to a 1.4 per cent decline in the first quarter. And there’s the fact that Easter also fell in April this year, prompting sales of furniture, golf equipment and motorbike accessories. Analysts were cheered by the data, which was beyond their expectations, but said the real test lies ahead. Michael Baxter, economics commentator

The economists were right. For months now, they have been warning that the Brexit vote and the subsequent fall in the pound would drive up prices. Today’s figures from the Office for National Statistics confirm that consumer prices are rising at their fastest rate for more than three years. According to the ONS, the Consumer Prices Index (CPI) jumped to 2.3 per cent in February, up from 1.8 per cent in January and above the Bank of England’s 2 per cent target. Food prices recorded their first annual increase for more than two-and-a-half years, reaching 0.3 per cent higher in February than a year earlier. With the prospect of an interest rate rise now

There are many things that beggar belief. The enduring popularity of Mrs Brown’s Boys for one. A continued appetite for the songs of James Blunt. And the appointment of George Osborne as editor of the London Evening Standard. That last one is particularly hard to fathom. But then so is some other news out this morning: a typical home now costs more than seven times income. And I’m not talking about your luxury pads or property in the most desirable enclaves of the capital. According to the Office for National Statistics (ONS), the typical property now costs 7.6 times average annual earnings of employees in England and Wales. This is

Another week, and more good economic news which has not been awarded the attention it deserves. The Office for National Statistics (ONS) has released economic growth figures for December, which show a much stronger-than-expected economy. Construction output in December was up 1.8 per cent on November, and 0.6 per cent up on December 2015. Manufacturing output in December was up 2.1 per cent on November and 4.0 per cent up on December 2015. There is encouragement in the export figures, too – which show just how strong a shot in the arm has been provided by the lower pound. In December British firms exported £31.4 billion worth of goods and

International Women’s Day is a time to celebrate the vast achievements of women worldwide, while acknowledging the real struggles and oppression millions of women and girls continue to face, including violence, inequality under the law and limited access to education. It is not a time to push faulty pay gap statistics. Yet that is exactly what happened yesterday. Ahead of International Women’s Day, Robert Half – a specialised recruitment agency – calculated that women in the UK will earn roughly £300,000 less than their male counterparts throughout their career, putting their estimated pay gap figure between men and women at 24%. Robert Half’s estimation is wildly inflated compared to the

Why doesn’t the Office of National Statistics want us to know that Mohammed is the most popular boys’ name in England and Wales?  Yesterday, it put out its annual survey of the top 10 baby’s names.  In 2014, it reported, the most popular boys’ names were Oliver, Jack and Harry. This contrasts somewhat with a similar survey by the website BabyCentre last December which claimed that the most popular boys’ name was now Mohammed. When that survey was reported in the Daily Mail it was jumped upon by various left-wing ‘fact-checker’ websites who denounced the survey as an abuse of statistics. Not only were the figures based only on respondents

The cost of living, the Office of National Statistics (ONS) reported on Tuesday, has fallen by 0.1 per cent over the past year. Or at least it has if you rent your home and have no intention ever of owning your own. If you do aspire to buy a home, on the other hand, you might conclude that the government’s preferred inflation index – the Consumer Prices Index (CPI) — is a fraud on the public which ignores the single biggest cost you are likely to face in life: buying a property. It includes no element of house prices whatsoever. It includes rents, but in such a way that social

More positive economic news this morning — the unemployment rate has fallen. In the last three months, unemployment has taken a surprising drop to 7.4 per cent, compared to 7.6 per cent for the three months before. As the chart below shows, the unemployment rate is now lower than at any time since the general election, and the lowest since April 2009: The number of people claiming Jobseeekers’ Allowance is also down by 36,700 while average pay also rose by a slender 0.8 per cent compared to the previous year (still below the rate of inflation). Despite this, the figures are good news for the government. The Employment Minister Esther

Home In the run-up to local elections, Kenneth Clarke, the Minister without Portfolio, described the UK Independence Party candidates as ‘clowns’. RAF Waddington, Lincolnshire, assumed control of ten Reaper drone aircraft in use over Afghanistan. Irfan Naseer, 31, from Birmingham, the ringleader of a plot to use eight suicide bombers in attacks that could have killed thousands, was sentenced to five life sentences; of ten others charged, four men who admitted an offence of travelling overseas for terrorism training were sentenced to three years, and six men to between four and 18 years. Six men from the West Midlands pleaded guilty to planning to bomb an English Defence League rally