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Year-on-year growth boost for Britain's retail sales

Retail sales in Britain grew by 2.1 per cent between August 2012 and 2013, according to new figures released by the Office for National Statistics.

However, from July to August of this year, the quantity of products bought by customers mainly online and through mail order actually fell by 0.9 per cent.

In the same period, the price of retail goods slowed down by 0.2 per cent.

Read: Food and online sales boost retail figures

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UK drops 7 places in comparison of household income

The UK has dropped from 5th to 12th place in a international comparison of household disposable income, according to a new report by the Office for National Statistics.

The UK was ranked fifth in 2005 but has since dropped by seven places to 12th in 2011, in a comparison of household actual disposable income per head.

The UK has dropped 7 places in an international comparison of household disposable income Credit: Owen Humphreys/PA Wire

The report suggests that the figures reflect the experiences of households since the recession began in 2008.

The increasing price of goods and services, as well as the devaluation of sterling during this period are cited as key reasons for a reduction in disposable income.

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Public sector borrowing was £120.6 billion in 2012/13

Public sector net borrowing fell slightly to £120.6 billion in the year to March 2013, the Office for National Statistics announced today.

The figure is just below net borrowing in the year to March 2012, with was £120.9 billion.

This is after removing the effects of the transfer of the Royal Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility.

New figures reveal snapshot of family life in the UK

The Office of National Statistics has released figures that give a snapshot of family life in the UK. The statistics showed that in 2012:

  • There were 7.7 million families with dependent children in the UK, 1 in 7 of which had three or more dependent children.
  • Married couples had a higher average number of dependent children in their family than other family types, at 1.8 children per family compared with 1.7 on average.
  • The UK has a higher percentage of households with three or more children than three-quarters of European Union countries.
  • Nearly 9 in 10 couple families with three or more dependent children had either one or both parents working.
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