UK Stats

Question 1

Growth Stats

Answer 1

-2024 growth rate= 1.1%, quarterly 0.1%
-Negative output gap= -0.6%
-GDP/capita = £36,000

Question 2

Unemployment Stats

Answer 2

Unemployment rate= 4.4%
Economic inactivity= 21.4%
Wage growth= 5.9%
Youth unemployment = 13.3%

Question 3

Inflation Stats

Answer 3

-Inflation(CPI) = 2.6%
-Wage growth= 5.9%

Question 4

Trade Stats

Answer 4

CA deficit 2.6% GDP
Very poor investment and productivity
Minimum wage= £12.21/ hour
Exchange rate weak

Question 5

Government Finances Stats

Answer 5

Budget Deficit = 4.8%
National Debt= 95.5%
Bond Yields= 4.67%
National Insurance= 8% for employees down from 10% but up for employers
Corporation tax- 19% to 25%
VAT= 20%
Gini Coefficient = 0.357

Question 6

Interest Rates Stats

Answer 6

Base Rate= 4.5%
Avg Lending rate= 4.75%
Savings ratio= 12%
Very low consumer and business confidence