The Tories must be cursing the Office for National Statistics. Just when they wanted to trumpet solid growth in the economy nine days before the general election, pesky official figures suggest growth of only 0.3 per cent in the first quarter. There is no doubt this is a bad figure. As the chart shows, it is the worst quarterly growth rate since the end of 2012.
According to the latest IMF forecasts, Papua New Guinea is forecast to be the fastest-growing economy in the world in 2015, managing to increase the size of its gross domestic product by about a fifth
Due to a mix of scarce resources, methodological difficulties and poor incentives, much of the data collected on the world’s poor is either inaccurate or missing. That’s one of the findings of a study being released today by the Overseas Development Institute (ODI) at the Cartagena Data Festival in Colombia.
While the trend of falling poverty is genuine, the ODI think that numbers in poverty may be being understated by up to 350 million, more than the entire population of the US. Read more
Our new unemployment tracker shows the latest jobs data across the European Union, including top-line figures for each country’s constituent regions. The most recent figures are for September 2014.
You can also download the latest data using the link beneath the graphic. Read more
On desktop, Google accounts for the vast majority of all searches while Baidu, a Chinese company, is a distance second. On mobile and tablet, Google’s dominance is even starker, with a market share of more than 90 per cent.
The strengthening of the US dollar has reduced the competitiveness of the US compared to the rest of the world according to an analysis of prices conducted by Deutsche Bank. However it remains the cheapest place to pick up an iPhone. In Brazil an iPhone 6 costs almost twice as much as in the US — in the UK you’ll pay a 23 per cent premium.
In bitesized form, here is a checklist of what we do – and don’t know about the man who would be prime minister’s plans: Read more
The Electoral Commission keeps a record of every donation above £7,500 to Britain’s political parties. Although nominally transparent, the records are difficult to use: the only unique identifier for each donor is their name.
This is further complicated by the inconsistent use of titles and initials as well as addresses attached to the names of businesses and organisations.
The FT has cleaned the data to make it easier to use with this interactive graphic. Donations to individual members of parliament are included in their party’s totals. Read more
Shift from traditional two-party race means different ways of predicting vote result are being used Read more
Updated May 06 2015
Note: the five parties shown are those for which every polling company in our poll-of-polls provides individual figures.
UK voters will elect a new parliament in a general election on May 7. Our poll-of-polls tracks all national-level voting intention polling figures going back to the 2010 election – the dots on our chart – and then calculates a rolling score for each party adjusted for recency and different pollsters. Read more
When we report on labour markets, we tend to focus on net changes in employment, unemployment and inactivity. But those measures don’t capture the activity inside labour markets. It’s a big thing to miss. Net employment grew about 600,000 in the UK in the last year. Yet roughly 650,000 people move from one job to another every quarter.
Now the Office for National Statistics has published updated data on job-to-job moves, which give us a glimpse inside the UK jobs machine. Read more
Attitudes on equality between the sexes differ starkly across Europe. In Sweden almost everyone agrees that gender equality is a fundamental right; in Poland and Lithuania that proportion is much lower.
The big action in the 2015 UK Budget comes in the moderation of public spending cuts. It doesn’t feel much like a rabbit out of a hat, but kills Labour’s charge that the ideological Tories are planning to cut public spending to its lowest level since the 1930s.
This is clear from the long run graph that total managed expenditure had been set to fall to extremely low levels (in green, the colour of the Autumn Statement). Though still true, spending now falls to a level just above the lows of 1999-00 and 1957-58.
Labour leader Ed Miliband has said he will not enter a coalition with the Scottish Nationalists after the general election in May, despite 19 per cent of Labour voters favouring this option.
If you live in the UK, you have heard a lot about terrible wage growth over the past five years. You might also have heard that, in spite of the grim headline figures, median pay actually rose a pretty healthy 4.1 per cent in cash terms last year for people who stayed in the same job. Chancellor George Osborne is fond of that figure, since it helps him fend off claims the recovery hasn’t reached ordinary workers’ pay packets. Here’s the chart: