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Customers shop at a fruit and vegetable stall at Portobello Road in London

Bank of England's Pill says latest UK data is disappointing

Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is "somewhat disappointing" even if it remains better than forecast by the BoE late last year.
Teachers attend a march during strike action in a dispute over pay, in London

Strikes weigh on UK economy which stagnated in February

Britain's economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less likely to be brewing in early 2023, official data showed.