Rolling coverage of the latest economic and financial news, including the latst UK GDP and retail sales reports
ONS Director of Economic Statistics Darren Morgan says:
“The latest data from both our regular monthly business survey and VAT returns show the economy performed slightly less well in the last two quarters than our initial estimates. The broader picture, though, remains one of an economy that has been little changed over the last year.
“The latest VAT data, which takes a little time to receive and process means we now estimate the economy showed no growth in the second quarter, with weaker performances from smaller businesses, particularly those in both hospitality and IT than first shown.
Continue reading…Rolling coverage of the latest economic and financial news, including the latst UK GDP and retail sales reportsONS Director of Economic Statistics Darren Morgan says:“The latest data from both our regular monthly business survey and VAT returns show the economy performed slightly less well in the last two quarters than our initial estimates. The broader picture, though, remains one of an economy that has been little changed over the last year.“The latest VAT data, which takes a little time to receive and process means we now estimate the economy showed no growth in the second quarter, with weaker performances from smaller businesses, particularly those in both hospitality and IT than first shown. Continue reading…
