The UK economy grew by 2.6% last year, a rise of 0.9% from 2013, according to official figures.
UK workers saw a yearly wage rise of just 0.1%, the lowest increase since records began, according to the latest figures by the Office of National Statistics (ONS).
Unemployment in the UK has fallen below two million for the first time in almost six years, latest figures from the Office for National Statistics show. It’s certainly good news, but there are some important caveats to the headline figures, which mask the remaining room for improvement in the labour market.
China’s economy has long been catching the US, but by one measure the communist country could become the world’s biggest economy later this year.
After six years of falling living standards, weekly earnings have finally overtaken inflation, according to the latest data from the Office of National Statistics.