Quarterly growth rate: -0.3% (Q4 2023 and this caused a recession at the end of Q1 2024). This recession saw high inflation too so it was mostly caused by very low aggregate supply rather than just very low aggregate demand.
Output gap: -0.1% GDP per capita: £36,000Unemployment Rate: 4.2%Economic inactivity rate: 22.2% (the number of people who are choosing not to work e.g. retirement).
Inflation: 3.2%
Producer price inflation: 0.6%
Inflation expectations: 3.3%
Current Account Deficit: 3.2% of GDP
Min wage: £11.44/ hour and assuming higher in London (Dal previously said UK has the highest min wages in the world)
Exchange rate: weak
US currency: strong
Euro currency: stagnating
Budget deficit: 4.2% of GDP
National debt: 98% of GDP
Bond yields: 4.2%
Income tax bands: 0% to £12,250, 20%, 40%...
National insurance: down to 8%
VAT: 20%
Corporation tax: 25%Gini coefficient: 0.357 (0 means perfect equality)Bank of England base rate: 5.25%