Economic Indicators, Budget Update
This update is published ahead of the 2015 Budget. It summarises the main economic indicators currently available for the UK and other major economies.
Economic policyEconomic situation
Briefing
GDP grew by 0.5% in Q4 2014, following growth of 0.7% in Q3.
The CPI annual inflation rate was 0.3% in January, below the Bank of England’s target of 2.0%.
There were 30.90 million people in employment in October-December 2014. The unemployment rate was 5.7%
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