Economic Indicators, Budget Update
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
Briefing
• GDP grew by 0.7% in Q4 2013, following growth of 0.8% in Q3.
• The CPI annual inflation rate was 1.9% in January 2014, below the Bank of England’s target of 2.0%.
• There were 30.15 million people aged 16 and over in employment in October-December 2013, up 193,000 on the quarter. The employment rate was 72.1%.
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