Office for National Statistics

A key estimate of UK GDP suggests output increased in the three months ending in January, but indications of a more substantial recovery are still wide of the mark, according to the National Institute of Economic and Social Research (NIESR).

Poverty among pensioners has fallen by nearly a third in eleven years, driven by increased uptake of private pensions, according to the Office for National Statistics (ONS).

The pound has lost ground against other currencies following the release of GDP figures showing the UK economy grew just 0.1% in the last quarter.

Public debt remains at a post-war record according to official figures released today, but the data also suggest the economy is stabilising, head of macroeconomics at PricewaterhouseCoopers(PwC) says.

UK GDP grew in the three months to November to edge the country out of recession, forecasts by the National Institute of Economic and Social Research (NIESR) suggest.

Better-than-expected unemployment figures and a rosier growth forecast from the Bank of England raised hopes yesterday that Britain was beginning to claw its way towards economic recovery.

Unemployment in the UK continued to rise in the three months to September, although the 30,000 increase was the smallest since May 2008.

For thousands of employees with Retail Price Index (RPI) linked salaries, the economic downturn will cost them dearly. Sue Weir looks at how the effect of what for many will mean a pay freeze could be softened

The UK's public sector net borrowing has soared to £77.3bn - the worst figure for the April to September period on record.

The chairman of HSBC has said the entire banking industry "owes the real world an apology".