UK services sector grew in January

The UK's services sector grew at its fastest pace for five months in January, raising hopes that the economy will avoid falling back into recession.

UK economy shrank less than thought

The UK economy contracted by less than thought in the second quarter, official figures have shown. The economy shrank by 0.4% in the April-to-June period, the Office for National Statistics (ONS) said in its third estimate of gross domestic product (GDP).

UK unemployment falls due to temporary Olympics jobs boost

The number of Britons out of work has fallen to its lowest in almost a year, with the decline partly due to jobs created for the London Olympics as well as an increase in self- and part-time employment.