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Office for National Statistics

UK Inflation Drops to 2%

In May, British annual inflation eased to 2.0% from 2.3% in April, marking a return to the Bank of England's target level for the first time since July 2021. This data, released by the UK's Office for National Statistics (ONS), aligns with expectations from the market, reflecting a diminishing impact of the COVID-19 pandemic and the ongoing conflict in Ukraine.

UK economy grows 0.2%, sparking hopes of recession exit

Britain's economy rebounded slightly in January, data showed Wednesday, sparking hope of an end to recession in a boost to embattled Prime Minister Rishi Sunak ahead of elections.

Gross domestic product grew 0.2 percent following a slight 0.1-percent decline in December according to a statement from the Office for National Statistics (ONS).

Central Europe’s Returnees – a Mix of the Relieved and the Reluctant

Eva is one of hundreds of thousands of Czechs, Hungarians, Poles and Slovaks who, after moving to the UK in search of a better life, more opportunities, adventure and money when EU membership opened the door in 2004, have decided to return home following the UK's 2016 decision to leave the EU, which officially happened in 2020.