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The article discusses the economy in Great Britain. It notes the weakness of the British pound, unemployment, and fears that the next government will be ineffective in fixing these problems. Employment losses at the Ford Motor Company diesel-engine plant in Dagenham are noted. Pawnshops are said to have replaced many stores that once sold household goods, electronic equipment, and jewelry. The population of Great Britain is said to have an attitude of hopelessness and anger regarding the poor economy. Speculation is noted regarding the prospect that Great Britain will become ruled by a minority party.

The article discusses how the 2008 global recession is an opportunity to transform the energy, transportation, and business industry through environmental action. Topics include the three ways in which the media is impacting the green choices of consumers such as the suggestion that green choices are unaffordable, that consumers are not interested in environmental issues, and that the public views the environment as a luxury issue. Also discussed are the changes in British and U.S. consumer behavior, such as shopping locally, driving less, and an increase in hybrid automobile sales. Actions that the government, led by strong political leadership, can take to help people get through hard economic times is also presented.

An essay is presented on the state of economy in Great Britain and aspects of austerity in the country. Topics discussed include the impact of the austerity policies in the economic recovery, the phenomenon of hysteresis and its association to unemployment, and the effect of the decline in private spending to the economic recession.

The article discusses the factors that affect the growth of the recruitment sector of Great Britain in 2014. Topics covered include the list of top recruiters in 2011 as well as the impact of recession on the industry. Also mentioned is the mergers and acquisitions trends among recruitment companies in the region.

This article compares micro and macro measures of productivity. Detailed industry-level productivity estimates are key to understanding how the aggregate economy is driven by the performance of particular sectors, and also how certain sectors perform relative to others. A detailed focus is all the more important in the aftermath of the UK's deepest recession since the 1930s. This article aims to aid the analysis of the economy over the recession and comment on which specific industries saw the biggest changes. The article updates the work of Long (2010) by adding two additional years of data from the Annual Business Survey (ABS), 2008 and 2009. [ABSTRACT FROM AUTHOR]

This month's Economic Review article looks at three aspects of the UK economy as described by the latest official statistics. First, preliminary estimates of Gross Domestic Product show that the economy expanded by 0.8 per cent in the third quarter of the year. Growth was broad--based across the main sectors of the economy, with construction output recording a particularly strong increase for the second quarter in a row. Second, total employment increased by 178,000 in the three months June--August 2010. Most of the increase was accounted for by male employment and by part--time employment. Employment rates for the under 25 age group though remain low, having fallen significantly during the recession. Total hours worked increased in this same three--month period, but most of the increase was attributed to an increase in average hours worked rather than employment. Ahead of the Spending Review there was a decline in vacancies, with the largest falls in the predominantly public services industries. However, redundancies remained at normal rates. Third and finally, some financial statistics relating to UK households and corporations are analysed. The housing market weakened in the third quarter as average prices fell and numbers of mortgage approvals remained at low levels. Households and firms have continued to pay--down debts. Households have continued to show little appetite for relatively expensive consumer credit, and private non--financial corporations have continued to build cash surpluses as a result of low investment intentions and the uncertain economic outlook. [ABSTRACT FROM AUTHOR]

This article looks at the pattern of worklessness, that is unemployment and inactivity, in the latest recession. Compared to previous recessions, the rise in unemployment has been small relative to the fall in Gross Domestic Product. Likewise, numbers receiving workless benefits other than for unemployment are not rising, in contrast to the two previous economic downturns. This suggests that labour market policies introduced since 1996 have, so far, been effective. However, the ability for new policies to withstand a rise in long-term unemployed is yet to be tested. [ABSTRACT FROM AUTHOR]

After some 15 years of near continuous job growth, the employment rate in the UK in 2008 stood at around 75 per cent of the working age population, a level which was broadly in line with previous employment peaks observed in 1989, 1978 or 1968. In 2005, the (ILO-based) unemployment rate fell below 5 per cent for the first time since the 1970s. Since then, the UK has experienced the worst recession since World War 2 in terms of output lost and the full effects of this on the labour market may not have yet been felt. However the impact on the labour market so far has been rather surprising given the patterns observed both in previous recessions and the contemporaneous experience of other industrialised countries. This article aims to chart the performance of the labour market through the recession and to explain the surprising patterns that have emerged. It also tries to assess the prospects for the next few years. [ABSTRACT FROM AUTHOR]

This article examines the impact of the recent recession on households in the UK. The first half of the article uses the Labour Force Survey to assess the effect of the downturn on labour market participation, specifically the proportions of working, workless and mixed households below state pension age. Comparisons between different groups of the population are also drawn, including by: household type, housing tenure, region, age, number of dependent children and age of the youngest dependent child. The second part of the article focuses on changes to the level of household income using the Living Costs and Food Survey. Analysis is presented at different stages of income (original income, gross income, disposable income and post-tax income), and also by household characteristics including: economic position (working, workless or mixed), region, age and composition. [ABSTRACT FROM AUTHOR]

This article looks at how taxes and benefits affect the income of households in the UK. It provides estimates of household incomes, including the average amount of taxes that households paid, and also the value of benefits that they received in 2008/09, a period when the UK economy was in recession. The analysis highlights that the level of inequality, as measured by the Gini coefficient, fell slightly between 2007/08 and 2008/09 for retired households, but for non-retired households it was almost unchanged. This analysis is published annually and has been undertaken each year for over 30 years. Appendix 1 (additional tables) and Appendix 2 (Methodology and Definitions) are available on the web version of this article at: www.statistics.gov.uk/cci/article.asp?ID=2440 Additional ONS analysis of the effect of the recession on households' incomes will be published in August 2010, as part of a wider investigation of the recession. [ABSTRACT FROM AUTHOR]

This article explains some particular statistical issues in measuring the economy during a recession and sets out the ways in which ONS has addressed these challenges, including steps to give users good information and analysis about the changing path of the economy. [ABSTRACT FROM AUTHOR]

This article considers labour market performance from April 2008 to September 2009, covering eighteen months of the recent recession, for the UK as a whole, the devolved countries of the UK and Government Office Regions within England. The main findings are: * employment rates have fallen for the UK and across the country, with Northern Ireland and Wales having the largest falls * the number of jobs in the UK has fallen, with 'Manufacturing' and 'Construction' industries having the largest percentage falls * redundancy levels increased through the recession to a peak in the three months to March 2009, before falling over the next six months to September 2009 * unemployment and the claimant count have increased in all regions * the inactivity rate has increased slightly in the UK, but there are large variations in changes in inactivity across the UK * since the onset of the current recession, there has been a sharp increase in the flow of individuals from employment to unemployment, * earnings growth has been relatively weak in comparison with periods before the recession The full version of this article was published on 18 November 2009 and is available at www.statistics.gov.uk/CCI/article.asp?ID=2310. [ABSTRACT FROM AUTHOR]

The article focuses on the improvement of skills and qualifications of adult's learners to cope with Great Britain's recession. Particular focus is given to learning so people can stay socially engaged and encouraged and develop knowledge to support the country's economic recovery. It also explains various adult learning initiatives started by the Government, such as Response to Redundancies and the Future Jobs Fund. It mentions that regional agencies have also performed anti-recession initiatives.

The UK economy contracted by a revised 0.6 per cent in the second quarter, due to continuing falls in household consumption and business investment. Despite some impact from the vehicle scrappage scheme, household consumption fell due mainly to lower discretionary spending on services. Business investment is currently the main driver of the recession, and has fallen heavily since the start of 2009 due to the uncertain economic outlook. Weak consumption and investment spending has seen the savings ratio rise, and both the household and corporate sectors become net lenders. Government consumption and investment has continued to rise throughout the recessionary period. However, as fiscal revenues fall, public sector borrowing and debt has risen generating expectations that a period of fiscal austerity will be required. The current account has remained in deficit despite an improvement in the trade balance as net investment income falls. However there is some evidence that the UK economy is undergoing some rebalancing away from domestic to external demand. [ABSTRACT FROM AUTHOR]

The author reports on the impact that the global financial crisis is having on Great Britain. The impact that the changing economies of China and India are having on Great Britain is mentioned. The author states that the global recession has made prices in Great Britain decline for the first time in more than 50 years.

Meanwhile, workers and businesses face higher payroll taxes from April under an annual 12 billion-pound ($17 billion) plan announced this week to boost funding for the National Health Service and social care. (Bloomberg) -- The U.K. economy barely grew in July, suggesting the recovery from the coronavirus recession is rapidly levelling off. [Extracted from the article]

The article examines the impact of the revisions of British Office for National Statistics' (ONS) 2014 publications "Blue Book" and "Pink Book" on the interpretation of economic activities since the recession in 2009. It offers information on the publications which reportedly revise data to reflect other information and methodological improvements. Other topics include the recovery in headline gross domestic product growth, foreign direct investment, and the net global investment position.

(Bloomberg) -- The U.K. economy shrank less than expected during the lockdown in November, making it possible the nation will avoid a double-dip recession. Gross domestic product remains 8.5% below February, before the pandemic struck. [Extracted from the article]

The article focuses on the longest recession in Great Britain which could take long to gain recovery and the nation is facing mass unemployment and higher deficits. Particular focus is given to the employment sector by improving workers' skills for new industries and providing full-time adult further education to prevent unemployment and public spending can not sustain all these. The resolutions by successive Labour administrations through adult education and skill resources such as, upskilling and reskilling, are also discussed.