We invite you to explore the data to understand the characteristics of UK trade. Observe how patterns of trade have changed over time between the UK and key trading partners. Hover over each country to view the value of exports and imports, as well as the balance of trade.
The turn of the year brought a rapid reduction in NEETs relative to general unemployment. Higher education has had a significant impact on this figure. Whilst employment in 16-24 year olds seems to play a part, a broader assessment presents concerning conclusions.
Tax receipts were pummelled due to lower economic activity associated with the COVID pandemic. This chart highlights the development of notable duties that together help to highlight the effect of the pandemic on government income. Use the interactive chart to focus on specific duties.
The rise in CPI to recent highs of 2.5% in June left many observers warning of persistent inflationary pressure. Nevertheless, the Governor of the Bank of England, Andrew Bailey, cautioned against overreacting to a ‘temporary’ jump in inflation. CPI figures from July seem to have justified his advice, with the headline year on year inflation rate falling to the government’s target of 2%. Despite this, the data strongly suggests that it is too early to claim victory.
Assessing business births and deaths provides another angle to test perceptions of the UK economy, placing greater emphasis on the plight of smaller businesses that account for 60% of private sector employment in the UK.
The experience of working from home is now starting to alter expectations of hybrid working. This certainly provides economic challenges, though it can also bring about opportunities.